Lands $5.9 Million in Financing Commitments

New York-based , which sells outsourced messaging services to businesses, has announced two separate financing transactions yielding it a total of $5.9 million.

In a statement, the company announced a deal to raise $2.9 million through the issuance of senior convertible notes to accounts managed by Zesiger Capital Group LLC.

In a separate transaction, said it would raise $3 million through the issuance of three million shares of its common stock to Federal Partners, L.P. Both deals are expected to close next week.

The company said the net proceeds from the financings would be used for working capital and other general corporate purposes. said both notes would mature on January 8, 2006 and would carry a 10 percent coupon with semi-annual payments.

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