CEO America plans private placement for up to $1 million

By Sheri Kasprzak

New York, Sept. 26 - CEO America, Inc. said it intends to raise up to $1 million in a series C equity private offering.

The deal comes on the heels of a series B convertible debenture financing.

TVA Capital is the placement agent for the new offering.

The full terms of the deal could not be determined Tuesday.

Proceeds will be used to deploy the company's Creditz digital currency system in the United States.

Located in Santa Monica, Calif., CEO America develops electronic payment systems for devices including digital mobile devices.

The stock closed unchanged at $0.25 Tuesday (Pink Sheets: CEOA).

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