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Media5 Corporation Completes Capital Reorganization - Secures next stage of growth and increases investment in market development, R&D, and new product development - Media5Corp.com
Media5 Corporation Completes Capital Reorganization

 

PRZOOM - /newswire/ - Sherbrooke, Québec, Canada, 2013/01/22 - Secures next stage of growth and increases investment in market development, R&D, and new product development - Media5Corp.com.

   
 
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Media5 Corporation, a leading provider of IP-based multimedia communications solutions, announced today the successful completion of its capital reorganization program.

Completed by the executive management team with the support of outside financial and legal advisors, this capital reorganization brings the total investment in the company to $75.0M, and includes $26.5M of debt conversion into equity, establishment of a $2.0M working capital facility, and restructuring of the capital stock. The founding shareholders now own all outstanding shares of the company.

These financial events will allow the privately held company to increase investment in strategic R&D programs, accelerate new product development, and continue its expansion into growth markets worldwide.

Media5 products and technologies include VoIP equipment for communication service providers and enterprises, equipment for the cable communications industry, and multimedia software solutions on mobile devices for wireless communications providers.

Media5 solutions have been certified and commercially deployed in 75 countries and are available through a global network of technology partners, marketing partners and distribution partners.

About Media5 Corporation

Media5 Corporation (media5corp.com) is a global supplier of multimedia communications solutions for fixed and mobile service providers, unified communications services, and hosted communications services.

Since it’s inception in 1992, Media5 has been headquartered in Sherbrooke, Quebec where the majority of its technical staff is located. Media5 has benefited from recruiting graduate candidates from many of the exceptional universities in Canada.

Media5 has regional offices in the United States, Europe, and Latin America.

 
 
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Agency / Source: Media5 Corporation

 
 

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Media5 Corporation Completes Capital Reorganization

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Contact: Michael Graham - Media5Corp.com 
819-829-8749 mgraham[.]media5corp.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Media5 Corporation securities in any jurisdiction including any other companies listed or named in this release.

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