Offering is comprised of 600,000 common shares, sold at $0.005 apiece
By Devika Patel
Knoxville, Tenn., Aug. 5 – Advanced Voice Recognition Systems, Inc. completed a $3,000 private placement of stock on July 31, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 600,000 common shares at $0.005 per share. The price per share is a 50% discount to $0.01, the Aug. 4 closing share price.
Based in Scottsdale, Ariz., the company develops speech recognition and transcription technologies.
| Issuer: | Advanced Voice Recognition Systems, Inc.
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| Issue: | Common stock
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| Amount: | $3,000
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| Shares: | 600,000
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| Price: | $0.005
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| Warrants: | No
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| Announcement date: | Aug. 5
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| Settlement date: | July 31
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| Stock symbol: | OTCBB: AVOI
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| Stock price: | $0.01 at close Aug. 4
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| Market capitalization: | $1.1 million
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