MacroSolve, Inc., the parent company of Anyware Mobile Solutions and a pioneer in delivering mobile solutions to businesses, recently announced that the company has completed the initial closing on the issuance of up to $2.2 million in convertible debentures. Effective July 20, 2009, the initial closing will consist of the issuance of $850,000 of the convertible debentures with the remainder to be issued on a monthly schedule from September 2009 through November 2009 and February 2010 through September 2010. The convertible debentures mature on July 31, 2014 and may be converted into MacroSolveâ€™s common stock.
Focusing on delivering innovative strategies that bring the buyers and sellers of mobile technologies together to create bottom-line benefits to all participants in the rapidly growing $100 billion mobile market, the company has earmarked for further growth initiatives, including launching and marketing new products for the growing mobile business solutions market, as well as to fund general operating expenses.
Clint Parr, MacroSolveâ€™s president and chief executive officer, stated, â€œIn this very challenging funding environment, the fact that we have raised up to $2.2 million from local high net worth individuals is a testament to the belief these investors have in MacroSolveâ€™s business model, the market opportunity we are pursuing, and our ability to execute on that opportunity.â€ He concluded, â€œWe are pleased to see private investment in our company both from our current investors as well as a group of new investors who are excited about MacroSolve.â€