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Home / Press_Room / Compiled Logic Corporation Announces the Successful Completion and Closure of its Seed Round Financing
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PRESS RELEASE
Contact:
Ron Smith 281-451-0766
Compiled Logic Corporation
rsmith@compiledlogic.com
Compiled Logic Corporation Announces the Successful Completion and Closure of its Seed Round Financing
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Funds to Ramp Development Efforts of Vehicle Impound Storage Tracking Administration (C:VISTA™) Solution
FOR IMMEDIATE RELEASE
Houston, TX (September 5, 2006) – HOUSTON, TX – Compiled Logic Corporation (C:LOGIC), a software as a service start-up corporation, announced today that it has completed its current Seed Round Fundraising efforts after having successfully raised more than $600,000. This common stock round included warrants for investors investing over $25,000. The total raised represents a 20% premium to its original goal of raising $500,000.
Proceeds from this round will be used to support the company's design and development efforts of its flagship service offering, C:VISTA™. "The Board of Directors and Company Management are very excited to have completed this round and to have raised more than originally planned is an added bonus", stated Lawrence Estes, President and CEO. Mr. Estes added, "The additional funds will enhance our ability to successfully build a right solution for cities, law enforcement and the towing and storage non-consent towing management.”
About Compiled Logic
C:LOGIC provides Vehicle Information-Sharing and
Notification Services to people impacted by towing
issues including law enforcement agencies, state and
local municipalities, the towing and storage,
automotive, and insurance industries, and private
citizens. As the leader in Towing Lifecycle Management
solutions, C:LOGIC’s multi-jurisdictional solutions are
used by major US metropolitan areas such as Houston and
Atlanta to provide the least disruptive, lowest risk
answer to lowering towing management costs, providing
effective industry compliance oversight and helping
citizens locate missing or stolen vehicles. For more
information, please contact us at 888-876-VINS (8467) or
visit
www.compiledlogic.com
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3/15/2010
