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| a21 Closes on $3.2 Million in Financing Jacksonville, FL—October 7, 2005—a21, Inc. ("a21") (OTCBB: ATWO), a leading online digital content marketplace for creative professionals, today announced it has raised $3.2 million through the sale of the company's common stock. The shares were purchased by new and existing institutional and accredited investors through the exercise of outstanding warrants. The funds will be used for general corporate purposes, including working capital and/or acquisitions. "This financing, in addition to the $1.2 million raised in September, not only provides us with the capital to execute our business plan, but allowed us to minimize dilution by using existing warrants," said Albert H. Pleus, Chairman and CEO of a21. "We appreciate the support from our new and existing investors, who demonstrated their confidence in our business prospects by participating in this financing." Those investors included StarVest Partners, L.P., Ahab Partners, L.P., and Ahab International, Ltd., which purchased nearly 60% of the deal. About a21/SuperStock a21 (http://www.a21group.com) is a leading digital content marketplace for the professional creative community. Through SuperStock (http://www.superstock.com), a21 delivers high quality images and exceptional customer service. Together a21 and SuperStock provide a whole new level of image access to photographers, artists, photography agencies and other customers, offering a valuable and viable choice in the stock image industry.
The statements contained in this press release contain certain forward-looking statements, including statements regarding a21, Inc. expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to a21, Inc. management as of the date hereof and actual results may vary based upon future events, both within and without the control of a21, Inc. management. |
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