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Friday, May 25, 2012

Vuzix Receives $500,000 Loan Facility From LC Capital Master Fund

ROCHESTER, N.Y., May 25, 2012 /CNW/ - Vuzix Corporation (TSX-V:VZX, OTC:BB: VUZI, FMB: V7X) ("Vuzix" or, the "Company"), a leader in the design and manufacture of Video Eyewear products that provide users with portable high quality viewing experiences, today entered into a Promissory Note and Security Agreement (the "Loan Agreement") with LC Capital Master Fund Ltd. (the "Lender") pursuant to which the Lender extended a line of credit of up to $500,000 (the "Loan"). The Loan may be drawn in multipl...continued
 

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