BOULDER, Colo.--(BUSINESS WIRE)--
NeoMedia Technologies, Inc. (OTC BB: NEOM), the colonize in universal mobile barcode administration solutions, currently voiced that it has worked with YA Global Investments, LP ("YA") to expand the manhood date on its loans. NeoMedia's business has been flourishing and the remodel will enable NeoMedia to go on to erect its business in a tolerable fashion.
The restructured consent will expand the manhood date of the existing loans by 12 months until Aug 1, 2014, an prolongation from the initial manhood date of Aug 1, 2013. The consent moreover cancels 1.4 billion of the 1.9 billion warrants reserved to YA and resets the exercise cost on the outstanding warrants.
"We are cheerful to have once again been able to work with YA on fluctuating the manhood date of the loans that will minister to stealing the 'going concern' viewpoint in the SEC filings," mentioned Laura Marriott, Chief Executive Officer of NeoMedia Technologies, Inc. "We have not compulsory any appropriation given September 2012, given the success of the 2D Core and IP chartering businesses, and expect this direction to go on as the business continues to expand in the flourishing QR marketplace."
About NeoMedia
NeoMedia Technologies, Inc. is the colonize in 2D mobile barcode technology and infrastructure solutions that enable the mobile barcode ecosystem worldwide. Its solutions have remade scarcely 25 million mobile gadgets with cameras opposite 193 countries in to barcode scanners, enabling a operation of functional and enchanting applications. With its apartment of products, services and endless IP portfolio, NeoMedia is able to offer customers a thorough end-to-end mobile barcode solution. NeoMedia's stream customers add general brands, agencies, handset manufacturers and stage providers. The firm moreover has a flourishing portfolio of obvious licensees inclusive Microsoft and Kraft Foods Group, Inc. Learn more at www.neom.com or a of the online destinations: LinkedIn , Twitter , and, Pinterest .