Zurvita lifts preferreds placement to $2.8 million from $1.5 million

Securities will come with warrants; offering's terms still uncertain

By Devika Patel

Knoxville, Tenn., Dec. 13 - Zurvita Holdings, Inc. increased a private placement of convertible preferred stock to $2.8 million from $1.5 million, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The company received $1.5 million from the investor on Aug. 8 and the additional $1.3 million on Dec. 6. The deal's terms are still being negotiated, the company said in the filing.

The preferreds are accompanied by warrants.

The direct sales marketing company is based in Houston.

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