Tut Systems, Inc. Announces Closing of Private Placement Financing
24 August 2006 - 3:00PM
PR Newswire (US)
LAKE OSWEGO, Ore., Aug. 24 /PRNewswire-FirstCall/ -- Tut Systems,
Inc. (NASDAQ:TUTS), a leader in delivering video and data services
over broadband networks, today announced that it has closed its
previously announced sale of $7.0 million of 8% convertible notes
and warrants to private investors. About Tut Systems, Inc. Tut
Systems, Inc. delivers advanced content processing and distribution
products as well as comprehensive system integration services for
deploying next-generation data and video services over broadband
networks. Service providers, content providers and government
agencies worldwide use Tut Systems solutions to deliver
broadcast-quality video over broadband networks. Tut Systems is
headquartered in Lake Oswego, OR. For more information visit
http://www.tutsys.com/ or call (971) 217-0400. DATASOURCE: Tut
Systems, Inc. CONTACT: Scott Spangenberg, Investor Relations, or
Keith Wymbs, Public Relations, both of Tut Systems, Inc.,
+1-971-217-0400, Web site: http://www.tutsys.com/ Company News
On-Call: http://www.prnewswire.com/comp/145193.html
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