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Tissera, Inc. Reports Initial Closing of Bridge Loan Agreement


7/14/2008 9:36:59 AM

HERZLIYA, Israel--(BUSINESS WIRE)--Tissera, Inc. (OTCBB:TSSR) reports that on July 8, 2008, it has entered into a bridge loan agreement with an accredited investor, who was a participant in the Company’s December 2006 fund raising. The terms of this agreement are detailed in a separate Form 8-K report to the United States Securities and Exchange Commission. As part of the initial closing of this agreement, a loan in the sum of $200,000, with net proceeds amounting to $170,000, has been received by the Company.

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