Intelligentias, Inc. (BULLETIN BOARD: ITLI) , a recognized leader in the Homeland Security Industry providing Data Retention, Tracking and Investigatory Services for Telcos, ISPs and Law Enforcement Agencies around the world, announced today that it has signed an agreement with New York-based Vision Opportunity Capital Management, LLC, a fundamental research-based investment adviser specializing in private placements, to convert the entire $8,000,000 debt position Vision manages into common stock equity.
In the agreement signed by Adam Benowitz, co-founder of Vision Opportunity Capital Management, the firm has elected to convert $8,000,000 of the principal into shares of common stock.
