iMedicor (OTC Bulletin Board: VMCI) has received $750,000 in bridge funding from a private investment group. The company has also received interest from other investors, planning to expand the bridge to a $1.5 million total in the next 30 days.
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The initial funding of the bridge started in October 2009 and is just now being completed. The company is going to use their proceeds from the financings to repay the bridge funding, strengthen its balance sheet, improve working capital and allow the company to boost its business activities with pharmaceuticals clients.
iMedicor is the only HIPAA-compliant solution for interoperable medical information transfer that is offered at no cost to healthcare providers and patients.
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