Atrinsic plans offering of securities similar to May's note placement

Financing proceeds for company's general working capital purposes

By Devika Patel

Knoxville, Tenn., Oct. 28 - Atrinsic, Inc. plans to sell securities in an offering substantially similar to the placement of original issue discount convertible notes that the company completed in May, according to an 8-K filed Friday with the Securities and Exchange Commission.

The terms of the earlier deal included $5.81 million of notes for a purchase price of $5.29 million.

Proceeds will be used for general working capital purposes, including Atrinsic's Kazaa digital music subscription business.

New York's Atrinsic is a direct marketing company.

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