Thursday, January 4, 2007

Intrusion Inc. Closes $500,000 Private Placement (SYS-CON Media)

Intrusion Inc. (BULLETIN BOARD: INTZ) , today announced that it has closed a $500,000 private placement of its Common Stock. In the private placement, the company sold 1,250,000 shares of common stock at a price of $0.40 per share, the price was based on the Company's Common Stock price at 110% of the average closing price per share for the twenty trading days ended on December 28, 2006.

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