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Deal News

eGlobe Completes $15 Million Financing

WASHINGTON -- eGlobe Inc. (Nasdaq: EGLO) announced that a fund managed by Rose Glen Capital Management LP invested $15 million in a private placement of preferred stock. The preferred stock is convertible into eGlobe common stock with an initial conversion price of $12.04 per common share (120% of the five-day average price prior to closing). Rose Glen is an asset management firm which makes direct investments in publicly-traded companies with promising growth potential and superior management. eGlobe is a global enabler of enhanced Internet Protocol Services for the world's telephone companies and Internet Service Providers. eGlobe's services include: Voice over IP, telephone portal and unified messaging services.


Community of Science Completes $10 Million Financing

BALTIMORE -- Community of Science Inc., a Web site for scientists and scholars to find funding, promote their research and collaborate with peers worldwide, completed a $10 million private placement financing with several new strategic investors. The new COS investors include KnowledgeNet Holdings (a subsidiary of Knowledge Universe), VerticalNet Inc. (Nasdaq: VERT), EDB Ventures Pte Ltd. of Singapore, Venture Partners AG of Switzerland, and the Association of Commonwealth Universities. These investors join existing COS shareholders Dominion Income Management Corp. and The Hillman Company of Pittsburgh.