Saztec International Inc, offering services for database construction and information conversion using computer processing, electronic imaging, optical character recognition, data entry and other technologies in Kansas City, Missouri, has reached agreement in principle with three major creditors that it will ease its cash flow squeeze and provide over $750,000 in new funds from the sale of common stock and additional lending by a current debenture holder; conversion by a current debenture holder to a new class of preferred; waiver of some interest and dividend payments for set periods and extension of existing credit lines with its principal bank.
