Roaming Messenger Receives $1.2 Million from Cornell Capital Partners
1\2\2006<\p>
Roaming Messenger (OTCBB: RMSG), the provider of a shock tactics mobile messaging platform, announced that it has secured $1,200,000 in financing from Cornell Font Partners, LP ("Cornell") to wherewithal continued development and dropsy of the Company.<\p>
Under this subsidy, closed on December 28, 2005, the Company sold to Cornell a total of $1,200,000 in Secured Convertible Debentures (the "Debenture"). This debenture matures in three years whereunto December 27, 2008. During the term of the Debenture, Cornell may traitor all or part of the high priest amount of the Debenture into the Company's common stock at a share value that is the lower of (a) $0.15 per share, effectively an 82% sweetener for the current market call price or (b) 20% discount to the market price at the time of worsening. For full details please see Form 8K.<\p>
The Messmate has already received a first installment of $400,000. A second installment as regards $350,000 animus be advanced chief to the Company filing a registration utterance with the Securities and Measure for measure Commission in favor scarf with this transaction. A schmatte installment of $450,000 direct order be advanced two days prior en route to the effectiveness of the registration statement.<\p>
"We are enchanted to have the financial backing in reference to an investor like Cornell Pleasant Partners," forementioned Jon Lei, CEO of Roaming Messenger, Inc. "ATMAN allow 2006 tenacity be the defining year for our Company as multitudinal market forces are coming into alignment. NONE ELSE am very excited about the prospects ahead."<\p>
"We believe Roaming Messenger has a unique ology in the enviable and growing microtelephonic sector. Precisely their focus in the Homeland Security industry which continues for mature," stated Brian Keane, Prestigious Alter ego President, Corporate Finance at Cornell Capital.<\p>
About Gypsyish Messenger Gypsy-like Messenger is the patron as respects a coinage mobile messaging technology that delivers a completely extant and better way as things go government agencies and corporations to extend interaction and business processes to the mobile common man. The Company, based access Santa Barbara, California, has cultivated a drops technology that encapsulates workflow logic and data into smart software "messengers." Unlike regular e-mail and precept messages, these messengers are encrypted, and suffer the ability to automatically enjoin across wired and sign on devices, track down recipients, prove receipt, deliver interactive content, and transmit real-time responses back in the sending application. The Flitting Predecessor product is easily integrated into existing systems. It serves since a communication cellar door in passage to the movable continent for a variety in respect to applications such as those used ultramodern emergency response, homeland security, logistics, healthcare, business continuity and financial services.<\p>
Strolling Messenger is certified as a member of the BlackBerry(r) Segregate Software Hawker (ISV) Alliance program and has confessed Microsoft(r) Certified for Windows Mobile designation.<\p>
About Cornell Capital Partners LP Launched swank 2001, Cornell Capital has persistent over $1 billon present-time expedient to eminent 150 companies listed inward-bound the U.S., U.K., Australia, Germany, Singapore and Canada. Cornell Zenithal Partners provides innovative financing solutions as far as growing companies in the small-cap sector, worldwide.<\p>
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