Thu, November 5, 2009
[ Thu, Nov 05th 2009 ]: Market Wire
Director Resigns From Board
Wed, November 4, 2009
Tue, November 3, 2009
Mon, November 2, 2009
Sun, November 1, 2009
[ Sun, Nov 01st 2009 ]: Market Wire
StatoilHydro becomes Statoil
[ Sun, Nov 01st 2009 ]: Market Wire
Copenhagen: Deal or no deal?
Sat, October 31, 2009
Fri, October 30, 2009
[ Fri, Oct 30th 2009 ]: Market Wire
Arrow Forms Subsidiaries
Thu, October 29, 2009
Wed, October 28, 2009
[ Wed, Oct 28th 2009 ]: Market Wire
Route1 Provides Update
Tue, October 27, 2009
Mon, October 26, 2009
[ Mon, Oct 26th 2009 ]: Market Wire
Diamond Frank Grants Options
[ Mon, Oct 26th 2009 ]: Market Wire
Typhoon Grants Options

Advanced Visual Systems Enters Into Subscription Agreement for Issuance of New Shares

  Copy link into your clipboard //business-finance.news-articles.net/content/200 .. iption-agreement-for-issuance-of-new-shares.html
  Print publication without navigation Published in Business and Finance on by Market Wire
          🞛 This publication is a summary or evaluation of another publication

WALTHAM, MA--(Marketwire - October 30, 2009) - Advanced Visual Systems Inc. ([ www.avs.com ]) (PINKSHEETS: [ AVSC ]) received, accepted and consummated a stock subscription on October 28, 2009 from an unrelated third party who is a non-US resident and an accredited investor, for the purchase of 500,000 shares of the company's Class A common stock at a price of $.50 per share paid in cash.

The proceeds will be used by AVS to fund its ongoing software development and sales operations.

The shares were issued in a private placement and the transfer meets the requirements for a transaction exempt from registration of the Securities Act of 1933 and Regulation D, Rule 506, promulgated by the Securities and Exchange Commission. The transaction has not been registered or qualified in any jurisdiction. Accordingly, the shares are restricted from further transfer and the certificate evidencing ownership of the shares will carry a legend stating that the shares have not been registered under the Securities Act and are restricted from transfer unless the shares are registered or the transfer meets the requirements for an exemption from registration.

About Advanced Visual Systems Inc.

Advanced Visual Systems Inc. (AVS) provides industry-leading, interactive data visualization software and solutions that help business, scientific and engineering users gain critical insight from all types of data. AVS's complete line of software products speed decision-making by bringing information to life using the latest in graphics, Web-based and interactive technologies on all major computing platforms.

For additional information visit [ www.avs.com ], call (781) 890-4300 or write [ info@avs.com ].

Copyright 2009 Advanced Visual Systems Inc. All rights reserved.