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Published on 1/23/2009 in the Prospect News PIPE Daily.

New Issue: Bond Laboratories settles $1.25 million placement of preferreds

By Devika Patel

Knoxville, Tenn., Jan. 23 - Bond Laboratories, Inc. completed a $1.25 million private placement of 10% cumulative perpetual series B preferred stock on Dec. 31, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company sold 125 preferreds at $10,000 apiece to Vicis Capital Master Fund.

Vicis also received 7.5 million common shares.

Bond Laboratories, based in Solana Beach, Calif., is a marketer of healthy food and beverage products.

Issuer:Bond Laboratories, Inc.
Issue:Cumulative perpetual series B preferred stock, 7.5 million common shares
Amount:$1.25 million
Shares:125
Price:$10,000
Dividends:10%
Warrants:No
Investor:Vicis Capital Master Fund
Settlement date:Dec. 31
Stock symbol:Nasdaq: BNLB
Stock price:$0.15 at close Dec. 31
Market capitalization:$6.05 million

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