EnterConnect amends notes to allow for $1 million financing

By Devika Patel

Knoxville, Tenn., March 16 - EnterConnect, Inc. amended the senior secured notes sold to Highbridge International LLC and certain other investors in December 2007, according to an 8-K filed Monday with the Securities and Exchange Commission.

Among other changes, the agreement was revised to allow for a $1 million private placement of series A convertible preferred stock and warrants.

The preferreds will be convertible into common stock.

Based in San Jose, Calif., EnterConnect produces portal software for businesses.

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