Simtrol, Inc. (SMRL.OB) Completed a $1.5 Million Private Placement Debt Financing
Simtrol, Inc. recently announced the completion of a $1.5 million private placement debt financing. Included in the private placement were convertible notes and warrants to purchase common stock. The investors consisted of accredited private investors, members of the Board of Directors, and senior management. Commenting on the news was Rick Egan, Simtrol's Chief Executive Officer, "This financing allows us to accelerate our sales and marketing efforts in key vertical markets such as security, healthcare, education, retail, hospitality, business and government." Simtrol, Inc. is a leading developer and seller of a unique form of device management software that links devices to…