, Inc. (OTCBB:ATVEE), a Company that operates a group of subsidiaries and divisions in the U.S. and Canada that offer a Smart Enterprise Suite of products, today announced the completion of $1.0 million CAD of financing since the middle of its first quarter of 2006, comprised of both debt and equity. The Company will continue to work on raising additional financing over the next few months.
As announced in its press release dated May 12, 2006, the company is undergoing a series of restructuring initiatives. The funds raised from this financing will be used to carry out the restructuring plan
MANAGEMENT TEAM PARTICIPATES IN LATEST ROUND OF FINANCING
In addition to the participation of numerous unrelated third parties, the participants in this latest round of financing include Chairman and CEO, Peter Hamilton and Senior Vice President, George Theodore.
Chairman and CEO, Peter Hamilton stated, "The management team is fully committed to the long term health of the Company. To this end we have made a large monetary contribution to help in the restructuring efforts that have commenced." We expect to be in a position to announce more details of the restructuring in the very near future."
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit ActiveCore IR Hub located at http://www.Agoracom.com/IR/ActiveCore Alternatively, investors can e-mail AGORA Investor Relations directly at ATVE@Agoracom.com.
About ActiveCore Technologies, Inc. (www.ActiveCore.com)
ActiveCore Technologies, Inc., operates a group of subsidiaries and divisions in the U.S., and Canada that offer a Smart Enterprise Suite of products and services. We integrate, enable, and extend functions performed by current and legacy IT systems. Our products encompass web portals, enterprise middleware, mobile data access, data management and system migration applications. The Systems Integration & Modernization Division of ActiveCore operates under the trade names of CRATOS and MDI Solutions. The Corporate Disclosure and Messaging Division of ActiveCore operate under the trade names C Comm Network Corporation, DisclosurePlus and ActiveCast. ActiveCore services clients in health care, financial services, government and manufacturing worldwide.
Statements contained in this news release regarding ActiveCore Technologies, Inc. formerly IVP Technology and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond ActiveCore's control, including, but not limited to, reliance on key markets, suppliers, and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in ActiveCore's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on January 4, 2005. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above.
For further information: AGORACOM Investor Relations Peter Hamilton, 416-252-6200 Email: ATVE@agoracom.com IR Hub: http://www.Agoracom.com/IR/ActiveCore