Vital Signs: 03 February 2010 – MVH
February 2, 2010
Medic Vision Limited (MVH) said it has successfully completed the acquisition of the digital marketing and communications company, cBox Pty Limited. The company said cBox offers cost effective digital marketing and communication solutions on a global scale via fax, email, mobile phone/sms and Interactive Voice Recognition. Medic Vision said it issued 45,600,000 shares at $0.045 each as consideration for the acquisition, with up to a further 18,000,000 shares to be issued as consideration, if and when, the holders of the Medic Vision convertible notes, convert the notes into shares. As part of the transaction, the CEO of cBox, Jason Edwards, has been appointed a Director of Medic Vision. The company said he would also head the cBox sales and marketing team reporting to the new cBox CEO, Vince Leone.
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