Voyant International’s (VOYT.OB) Senior Management Converts Owed Back-Pay to Preferred Stock
Source: http://Blog.QualityStocks.net/?p=10950Posted on Monday, July 7th, 2008 | In Current Market News, OTCBB Markets, Small & Micro Cap, Stocks to Watch
Voyant International (VOYT.OB), a media holding company focused on bridging innovative technologies, media assets and strategic partnerships to deliver next-generation commercial and consumer solutions, recently announced that senior management is still committed to supporting the growth of the company. Back in December 2007, senior officers agreed to defer a portion of their pay to support the company’s growth and provide all the resources it needed to start operating as a revenue-bearing enterprise.
In recent news, senior management has now decided to convert their owed back pay into preferred stock in lieu of a cashable paycheck. Management notes this action as a sign of their commitment to the company, and over the past several months, the executive team has only received a fraction of their full salaries. The transfer of this balance will once again put funds back into the company to advance the development and commercialization of Voyant International’s technologies.
One of Voyant International’s core products is a proprietary broadband technology designed to be the first service to effectively and reliably provide high-speed Internet access on board passenger jets. In addition, Voyant International’s RocketStream technology develops cross-platform solutions to enhance collaboration, file transfer and media delivery over any IP-enabled network.
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