On Monday Stock Guru asked, “What More Could ITLI Want than a $40M Contract?”
Yesterday ITLI answered that question with the news of a $10.0 million transaction.
With a $40M contract in hand to supply homeland security protection to an “ASIAN COUNTRY” ITLI is an attractive company!
The Kingdon funds purchased an aggregate of 12,500,000 shares of Intelligentias’ series A preferred stock as well as “market” warrants to purchase an aggregate of up to 6,250,000 shares of Intelligentias’ common stock at an exercise price of $1.25 per share, and “premium” warrants to purchase an aggregate of up to 5,000,000 shares of common stock at an exercise price of $1.80 per share.
Proceeds of the transaction will be used by Intelligentias to expand its global sales and marketing team and for general corporate purposes.
ITLI’s Retentia Data Retention solution can assist Law Enforcement and Government Agencies in identifying, apprehending and prosecuting terrorists and criminals.
They provide:
- Data Retention
- Tracking
They have teamed up with a company to design and install a data retention solution for a large Asian country on an exclusive and country-wide basis.
Recipe for SUCCESS!
SOURCE Intelligentias, Inc.
Intelligentias, Inc. 303 Twin Dolphin Dr.
Suite 600
Redwood City, CA 94065
Phone: (650) 632-4526
Websites: http://www.intelligentias.com
http://www.retentia.com
About Intelligentias: Intelligentias, Inc. expects to become a global data-intelligence conglomerate. Using a worldwide network, we market Homeland Security products to Law Enforcement Agencies, Telcos and ISPs in order to prevent terrorism, cyber-crime, and child exploitation. Aside from Retentia, we also have a presence in other areas of the security space. Our portfolio company, Investigatia, Inc., which will be launched later in 2007, will be our data investigation company. Investigatia intends to focus on fraud, identity theft, identity authentication and verification. Our portfolio company, Interceptia, Inc., operates in Europe and the Middle East as Datakom GmbH. As our Lawful Intercept Company, Interceptia focuses on Legal Interception of telecommunications by law enforcement authorities (LEA’s) and intelligence services.
About Retentia (http://www.retentia.com)
Retentia, Inc. sells Data Retention, Tracking and Forensics software to some of the largest Service Providers, Law Enforcement and Government Agencies in the world. Data Retention software enables our customers to capture and store for very long periods of time — who you talk on the phone with, where you are when you place a call, and what websites you visit. Our solution does this less expensively and with less hardware than competing solutions that rely on relational database technology. Our solution enables our customers to look over the call and web surfing records of suspected criminals for much longer periods of time than was possible in the past. Our Data Retention Suite (DRD) is currently capturing and storing billions of telephone and web surfing records every day. Our customers can search and find a single record across trillions of phone and web surfing records in just a few minutes. Retentia provides tamperproof court quality forensic evidence that can be used to convict criminals and put them in jail. Our blue chip client base stretches from the US to Europe and through out South America.
Forward-Looking Statement:: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set forth in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
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