Published on 7/13/2010 in the Prospect News PIPE Daily.
New Issue: MedeFile International secures $1 million in private placement of stock
By Devika Patel
Knoxville, Tenn., July 13 - MedeFile International, Inc. settled a private placement of stock for $1 million on June 29, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 1 billion common shares. Lyle Hauser, the lead investor and son of the company's chief executive officer, invested $250,000.
Cedar Knolls, N.J.-based Medefile, formerly OmniMed International Inc., has created a system for gathering and digitizing medical records so that individuals can have a record of all of their medical visits.
| Issuer: | MedeFile International, Inc.
|
| Issue: | Common stock
|
| Amount: | $1 million
|
| Shares: | 1 billion
|
| Warrants: | No
|
| Investor: | Lyle Hauser (lead investor, for $250,000)
|
| Settlement date: | June 29
|
| Stock symbol: | OTCBB: MDFI
|
| Stock price: | $0.01 at close June 29
|
| Market capitalization: | $8.78 million
|
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