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Tut Systems Announces Closing of $14.9 Million Private Placement FinancingLAKE OSWEGO, Ore., July 22 /PRNewswire-FirstCall/ -- Tut Systems, Inc. , a leader in delivering video and data services over broadband networks, today announced that it has closed its previously announced private sale of common stock and warrants to institutional investors for $14.9 million. at 5:00 a.m. Pacific Time on July 27, 2005 Tut Systems will host a conference call on July 27 to discuss its second quarter 2005 financial results and the private placement financing. An earnings press release will be available by 2:00 p.m. Pacific Time, July 26, at http://www.tutsys.com/ and on PR Newswire. Tut Systems President and CEO Sal D'Auria, and CFO Randy Gausman, will host the conference call at 5:00 a.m. Pacific Time, July 27. Participants of the conference call should dial in at least 5 minutes before the start time. Conference ID # 7959710 U.S. and Canada dial 877-356-8058 International participants dial 706-634-2465 Online at http://www.tutsys.com/ A replay will be available two hours after the call ends for one week, dial 800-642-1687 or 706-645-9291 and enter the conference ID number. A replay is also available at http://www.tutsys.com/. About Tut Systems, Inc. Tut Systems, Inc. delivers content processing and distribution products for deploying next-generation data and video services over broadband networks. Service providers, content providers and government agencies in the United States and abroad use Tut Systems solutions to deliver broadcast-quality video over broadband networks. Tut Systems is headquartered in Lake Oswego, OR with regional offices across North America, Europe and Asia. For more information visit http://www.tutsys.com/ or call 971-217-0400. Tut Systems, Inc. CONTACT: Randy Gausman of Tut Systems, +1-971-217-0400, [email protected] Web site: http://www.tutsys.com/ |