[5823] in Athena User Interface
Jan 9, 2006 Shareholder Release
daemon@ATHENA.MIT.EDU (McCarthy, Katie)
Tue Jan 10 06:44:50 2006
message-id: <00c101c6155d$702b8540$f1258ba9@WKKI>
From: "McCarthy, Katie" <tennyson3911@mchsi.com>
To: <jit@mit.edu>, <dik@mit.edu>, <lieber@mit.edu>, <aui@mit.edu>,
<mdoug@mit.edu>, <aleonard@mit.edu>, <wayneb@mit.edu>, <opus@mit.edu>,
<dmurdock@mit.edu>
Date: Tue, 10 Jan 2006 04:22:32 -0-800
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m-Wise Cleans $1 Million Off Its Balance Sheet
SYMBOL: MWIS.OB
Friday Close: $0.14
Monday Close: $0.175
Price Increase: 25%
Friday Volume: 263,000
Monday Volume: 1,835,439
Volume Increase: 598%
Short Term: $0.50 - $0.75
Long Term: $1.50 - $175
Over the weekend we told you that MWIS was ready to make waves and today, after announcing
they cleaned $1,000,000.00 worth of debt off their books, investors pushed volume up 598%.
With Volume up and the forward movement of this great company, we believe we will see HUGE
increase in price tomorrow. Get your buy in first thing and get what you can before it
climbs.
Be sure you read the release below and comments from the Diector of Syntek Capital, then,
get on MWIS first thing Tuesday Morning!
Past Venture Capital Investor Agreed to Waive Old Debt in Exchange for Restricted Shares
Jan 9, 2006 8:14:00 AM
WILMINGTON, Del., Jan. 9, 2006 (PRIMEZONE) -- m-Wise, Inc. (OTCBB:MWIS), a leading technology
provider of mobile content solutions for operators, ASPs and content providers, today
announced that venture capital firm Syntek Capital, A.G. has entered into a termination and
release agreement converting $1 million of debt to m-Wise common stock.
Under the terms of the agreement, m-Wise will issue a minimum of 5,561,994 shares of common
stock in exchange for terminating m-Wise's 3.5 year-old debt to Syntek Capital. The conversion
of this debt was for restricted shares at market value with no discount relative to the 30 days
average trading price of the common stock.
Furthermore, m-Wise will issue Syntek a warrant of 5,263,158 shares of common stock at an
exercise price of $0.19 per share, which can be exercised for up to a period of three years.
Shay Ben-Asulin, chairman of m-Wise said, "We are very happy that a strategic investor like
Syntek Capital saw the opportunity in our current stock price and took a long-term position in
m-Wise. The management of m-Wise believes that increasing our shareholder's equity, coupled with
completing several business transactions shortly, will result in excellent return to Syntek and
all our shareholders."
Ronni Benatoff, director of Syntek Capital said, "We are pleased to begin the New Year confirming
our support to m-Wise. Syntek Capital has a strategy to investing only in companies with solid
core and sustainable businesses. We have long recognized the potential of m-Wise's technology
and believe in its future growth potential."
