Exobox Technologies completes $1 million private placement of convertible preferreds

By Sheri Kasprzak

New York, Nov. 15 - Exobox Technologies Corp. said it wrapped a private placement of convertible preferred stock for $1 million.

The exact terms of the offering could not be determined by press time.

The company also issued warrants which, if fully exercised, will net another $900,000 in proceeds.

Based in Houston, Exobox produces network security and virus protection software.

On Tuesday, the company's stock remained unchanged at $1.50.

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