New Issue: Axesstel sells $3 million in stock to private equity funds

By Sheri Kasprzak

Atlanta, Oct. 15 - Axesstel Inc. sold $3 million in stock to three private equity funds, the company said Friday.

In the deal, the funds, managed by Com Ventures of Palo Alto, Calif., bought 833,334 shares at $3.60.

Axesstel is a San Diego-based wireless communications company.

Issuer:	Axesstel Inc.
Issue:	Stock
Amount:	$3 million
Shares:	833,334
Price:	$3.60
Warrants:	No
Investors:	Funds managed by Com Ventures
Settlement date:	Oct. 14
Stock price:	$3.58 at close Oct. 14

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