AdZone Research receives $30 million equity line

By Sheri Kasprzak

New York, Aug. 1 - AdZone Research, Inc. said it has received an equity line for up to $30 million.

The full details of the offering could not be determined by press time Monday.

Spartan Securities Group, Ltd. was the financial adviser for the deal.

Proceeds from the equity line will be used for working capital and acquisitions.

Based in Calverton, N.Y., AdZone provides web site monitoring and tracking services for security-related data transmissions and digital piracy.

The company's stock gained a penny, or 14.29%, to close at $0.08 on Monday.

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