ViewCast.com Completes $4.45 Million Debt Financing

ViewCast.com (http://www.viewcast.com)announced the completion of a $4.45 million debt offering in Senior Convertible Debentures (Eurobonds).

The general obligation debentures bear interest at 7% annually until maturity in 2004, unless earlier redeemed by the company. The debentures will be convertible into shares of ViewCast.com common stock at an initial price of $5.00 per share, subject to subsequent adjustment under certain circumstances.

Don't look to buy them in the U.S., however. The debentures are being offered only to investors who are non-U.S. persons, says the company.

"We were pleased with the interest generated in the offering," said Laurie Latham, Chief Financial Officer of ViewCast.com. "This financing will allow the company to continue to pursue its current business strategy, accelerate sales and marketing initiatives and further develop worldwide brand recognition."