Host America cancels $4 million convertible note deal with Laurus

By Sheri Kasprzak

New York, Jan. 30 - Host America Corp. said it has terminated an agreement it entered into with Laurus Master Fund Ltd. in 2004 for two convertible notes totaling $4 million.

The agreement had been settled in June 2004.

The notes were converted into 795,228 common shares of the company at $5.03 each.

Also, Host America issued 20,000 shares to cancel a warrant agreement for 25,000 shares it entered into with Laurus in February 2005.

Based in Hamden, Conn., Host America provides energy management and conservation technologies for commercial, industrial and real estate clients.

On Friday the company's stock closed unchanged at $1.60 (OTCBB: CAFE).

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