Market Central Secures $3M in Private Equity Financing

Jun 11, 2004

Market Central, Inc., a technology management company, has successfully completed the sale of its Series A Preferred Stock. The offering was completely subscribed and raised $3 million for the company. Market Central will use this capital to help finance the development of new products, including a search technology designed to significantly improve worker productivity and knowledge management through a patented "Intent-based" search engine. The financing will also enable Market Central to expand development of its online collaboration/customer service software and a new Intelligent Document Recognition (IDR) system. This announcement follows new management's strategic review of all aspects of the company and its operations, as well as the successful completion of a Private Placement of its Series B Preferred Stock. The company also recently launched a revised version of its Web site that highlights the company's new focus.