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NEW YORK 24/7 Real Media, which three weeks ago received a delisting notice from Nasdaq, yesterday secured an investment of $3.8 million in the form of Series C-1 nonvoting convertible preferred stock.
With the new round of funding and last month’s retirement of $7.5 million in debt held by Publigroupe USA, the New York-based advertising and technology company is now debt-free and has an additional $5.8 million in cash, said 24/7 chief executive David J. Moore.
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