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AECS |
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("Flexi") (OTCBB:FLXI),
a leading provider of Internet-enabled financial and accounting software
and outsourcing services, today announced that it has concluded an
agreement with Swisscard AECS AG of Zurich, Switzerland to license
FlexiFinancials, its integrated suite of financial management
applications. The preferred stock issued by the Company
to current Greenfield shareholders would be mandatorily convertible into
shares of AECS common stock. The preferred stock issued by the company to current Greenfield
shareholders would be mandatorily convertible into shares of AECS common
stock at a price equal to the greater of $6 per share or the average of
the company's common stock closing price for the 30 days prior to
the conversion date. |
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