InfoLogix Announces News Related to its Recent Corporate Development Initiatives
10 October 2009 - 8:00AM
PR Newswire (US)
Retains SSG Capital Advisors as Investment Banker HATBORO, Pa.,
Oct. 9 /PRNewswire-FirstCall/ -- InfoLogix, Inc. (NASDAQ: IFLG), a
leading technology provider of enterprise mobility solutions for
the healthcare and commercial industries, today announced that it
has retained SSG Capital Advisors, LLC, a nationally recognized
investment bank based in West Conshohocken, PA to assist InfoLogix
in exploring its private placement alternatives. SSG initiates,
structures and negotiates financing transactions at virtually every
level of the capital structure on behalf of growing businesses
seeking capital to support their various expansion initiatives.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090618/NE35135LOGO )
The Company previously disclosed that it entered into a non-binding
term sheet to restructure its obligations under a Loan Agreement
with its senior lender, Hercules Technology Growth Capital, Inc.
(NASDAQ:HTGC). The Company continues in active discussions with
Hercules about this restructuring. About InfoLogix, Inc. InfoLogix
is a leading provider of enterprise mobility solutions for the
healthcare and commercial industries. InfoLogix uses the industry's
most advanced technologies to increase the efficiency, accuracy,
and transparency of complex business and clinical processes. With
19 issued patents, InfoLogix provides mobile managed solutions,
on-demand software applications, mobile infrastructure products,
and strategic consulting services to over 2,000 clients in North
America including Kraft Foods, Merck and Company, General Electric,
Kaiser Permanente, MultiCare Health System and Stanford School of
Medicine. InfoLogix is a publicly-traded company (NASDAQ:IFLG). For
more information visit http://www.infologix.com/. About SSG Capital
Advisors, LLC SSG is a nationally recognized investment bank that
helps middle market companies raise capital during uncertain
economic times. As a specialist in representing companies in the
early stages of turnaround, SSG offers services its clients need in
today's complex and fast-moving financial markets. Since inception,
SSG has completed over 150 investment banking assignments on behalf
of businesses throughout North America, Mexico and Europe. Safe
Harbor InfoLogix makes forward-looking statements, including those
relating to private placement alternatives and debt restructuring,
in this press release which represent our expectations or beliefs
about future events and financial performance. Forward-looking
statements are identifiable by words such as "believe,"
"anticipate," "expect," "intend," "plan," "will," "may" and other
similar expressions. In addition, any statements that refer to
expectations, projections or other characterizations of future
events or circumstances are forward-looking statements.
Forward-looking statements are subject to known and unknown risks
and uncertainties, including the risks described in our Annual
Report on Form 10-K for the period ended December 31, 2008, our
Quarterly Report on Form 10-Q for the period ended June 30, 2009
and other filings we make with the Securities and Exchange
Commission. In addition, actual results could differ materially
from those suggested by the forward-looking statements, and
therefore you should not place undue reliance on the
forward-looking statements. We do not make any commitment to revise
or update any forward-looking statements to reflect events or
circumstances occurring or existing after the date of any
forward-looking statement is made. Contact: John A. Roberts Chief
Financial Officer 215-604-0691 x1102
http://www.newscom.com/cgi-bin/prnh/20090618/NE35135LOGO
http://photoarchive.ap.org/ DATASOURCE: InfoLogix, Inc. CONTACT:
John A. Roberts, Chief Financial Officer of InfoLogix, Inc.,
+1-215-604-0691, ext. 1102 Web Site: http://www.infologix.com/
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