Rating: Barcode giant feels the need to tell us all
Here at GoMobile News Towers we’re not quite sure why NeoMedia has felt the need to tell the whole wide world that it has restructured its loans and extended the maturity date. Thanks to YA Global Investments. We assume the company means to reassure everyone that it is here to stay. NeoMedia is, of course, a leading player in the mobile barcode sector. Given this site’s long history of covering NeoMedia’s activities, we therefore thought it appropriate to share this news with our readers.
Apparently NeoMedia has worked with YA Global Investments to restructure its current financing agreements.
Laura Marriott, current CEO with NeoMedia Technologies, commented, “NeoMedia appreciates YA’s long-standing investment in the company and at this time of fast market growth, we appreciate the opportunity to restructure our debt.”
She added, “YA’s investment has been crucial in allowing NeoMedia to continue innovating and growing our services portfolio.”
The company says the restructure will allow NeoMedia to capitalise on its current position in the market and continue to build for the future.
Given the vocal nature of followers of NeoMedia’s fortunes, here at GoMobile News Towers we look forward to readers’ comments on this news.