SHAREDATA <SDIC> TO GET FINANCING
Sharedata Inc said it signed a
letter of intent with an investment banking firm for financing
up to 2,500,000 dlrs.
    In return, the investment banking firm will be entitled to
name a member of Sharedata's board of directors, the company
said. It added it must seek the authority of its shareholders
for a one-for-four reverse split of its common stock.
 Reuter
