Socius Capital Invests in Hythiam

A group of investors, which includes Socius Capital Group, has provided Hythiam (OTC: HYTM) with $6.9 million of development capital. In exchange, the investors received 100 million shares of common stock, each priced at $0.01, and senior secured convertible debentures. Hythiam provides specialized behavioral health management services and was financially advised by Rodman & Renshaw and Griffin Securities on the transaction.