a21 Announces Completion of $2.25mm Financing
New Long-Term Notes Provide Favorable Terms, Repay Debt and Increase Working Capital
February 24, 2005. a21, Inc. ("a21") (OTCBB: ATWO), a leading online digital content marketplace for creative professionals, today announced that it has completed a $2.25mm financing in the form of two-year interest only senior (non-convertible) secured notes and retired $1.25mm of its two-year convertible subordinated notes issued in conjunction with its acquisition of its SuperStock subsidiary in February 2004. The financing improves a21's financial position and flexibility with more favorable terms and increased working capital.
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