Zurvita plans to price $1.5 million private placement of preferreds

Company has received funds for convertible preferreds, warrants sale

By Devika Patel

Knoxville, Tenn., Aug. 12 - Zurvita Holdings, Inc. secured an oral agreement with an investor for a $1.5 million private placement of convertible preferred stock on Aug. 8, according to an 8-K filed Friday with the Securities and Exchange Commission. The deal has not yet been priced, but the company has already received the $1.5 million.

The preferreds will be accompanied by warrants.

The direct sales marketing company is based in Houston.

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