Xplore close to its goal for financing round - Austin Business Journal:

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million of a planned $1.9 millio round of capital. Austin-based Xplore (OTCBB: XLRT), the developerf of impact-resistant tablet personal computers, started raising the moneyu in February, according a filing with the U.S. Securities and Exchanges Commission. The filing also indicates that the company raised the capitalk through a combination of equity anddebt financing. Last the company raised $3 million in funding through a stock Phoenix VentureFund LLC, Xplore’es principal stockholder, and an affiliated fund boughgt more than half of the promissorty notes for the 25 million shares Xplore sold at 12 centsd a share.
Xplore CEO Philip Sassower is also the CEO of SG Phoenixz LLCand co-manager at SG Phoenid Ventures IV LLC. Founded in Toronto, Canada, in Xplore employs about 50 workers in Austin where it relocated its headquarterwsin 2004. The company posted a $2.3 million loss for the quarter thatended Dec. 31, 2008, compare d with a $2.2 million loss during the same periodin 2007. Last Xplore announced it receiveda $1 million ordefr for its iX104C4 table PC from an undisclosed pharmaceuticap company.