| 11/14/2007 |
Real Mortgage Systems Inc. Announces $11.25 Million Equity Investment and Acquisition of Flatirons Financial, Inc.
Jacksonville, FL, November 14, 2007 – Real Mortgage Systems, Inc. ("RMS") today announced that on October 15, 2007, RMS and Third Avenue Real Estate Opportunities Fund, L.P. (“Third Avenue”) entered into a stock purchase agreement under which Third Avenue agreed to purchase $11.25 million of RMS’ 8% Series C Cumulative Convertible Preferred Stock (“Series C Preferred Stock”) upon the satisfaction of certain conditions. (more)
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