MIAMI--(BUSINESS WIRE)--On April 7, 2008, Non-Invasive Monitoring Systems, Inc. (OTCBB:NIMUE) (“Nims” or the “Company”) received $1,500,000 of funding from a group of private investors. The financing resulted from the issuance of 1,000 shares of Series D Convertible Preferred Stock (the “Preferred Stock”) at a price of $1,500 per share. Each share of Preferred Stock can be converted into 5,000 shares of Common Stock.
