Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » IBZT settlement news this evening..

 - UBBFriend: Email this page to someone!    
Author Topic: IBZT settlement news this evening..
mad-max
unregistered


Icon 12 posted            Edit/Delete Post   Reply With Quote 
iBIZ Technology Corp. Reaches Settlement Agreements With All Convertible Debenture Holders
Thursday January 29, 5:53 pm ET


PHOENIX, Jan. 29 /PRNewswire-FirstCall/ -- iBIZ Technology Corp. (OTC Bulletin Board: IBZT - News), a leading manufacturer and distributor of accessories for personal digital assistants (PDA) and hand-held devices, has reached settlement agreements with The Laurus Master Fund, The NIR Group, Lites Trading and LH Financial to settle all remaining convertible debenture debt. The terms of the agreements will be disclosed in a Form 8K Filing.
Ken Schilling, President and Chief Executive Officer, commented, "Today is a monumental moment in the history of iBIZ Technology Corp. We can proudly look back on the last several years knowing we survived industry downturns and a depressed share price."

Schilling further commented, "Rebuilding our business has been a slow and arduous process; however, today iBIZ Technology Corp. is now well positioned to capitalize on our core strengths. Accordingly, with a capital structure which will not be impacted by dilution as a result of paying down debt with common stock, this is an exciting time for iBIZ and it's shareholders. We look now to the future with planned growth through increasing generic sales revenues with an exciting product offering, as well as adding revenue through acquisitions and mergers."


IP: Logged | Report this post to a Moderator
mad-max
unregistered


Icon 14 posted            Edit/Delete Post   Reply With Quote 
looking for a double tomorrow

quote:
Originally posted by mad-max:
iBIZ Technology Corp. Reaches Settlement Agreements With All Convertible Debenture Holders
Thursday January 29, 5:53 pm ET


PHOENIX, Jan. 29 /PRNewswire-FirstCall/ -- iBIZ Technology Corp. (OTC Bulletin Board: IBZT - News), a leading manufacturer and distributor of accessories for personal digital assistants (PDA) and hand-held devices, has reached settlement agreements with The Laurus Master Fund, The NIR Group, Lites Trading and LH Financial to settle all remaining convertible debenture debt. The terms of the agreements will be disclosed in a Form 8K Filing.
Ken Schilling, President and Chief Executive Officer, commented, "Today is a monumental moment in the history of iBIZ Technology Corp. We can proudly look back on the last several years knowing we survived industry downturns and a depressed share price."

Schilling further commented, "Rebuilding our business has been a slow and arduous process; however, today iBIZ Technology Corp. is now well positioned to capitalize on our core strengths. Accordingly, with a capital structure which will not be impacted by dilution as a result of paying down debt with common stock, this is an exciting time for iBIZ and it's shareholders. We look now to the future with planned growth through increasing generic sales revenues with an exciting product offering, as well as adding revenue through acquisitions and mergers."



IP: Logged | Report this post to a Moderator
brian1054
unregistered


Icon 1 posted            Edit/Delete Post   Reply With Quote 
Im new too this, when I look up IBZT it shows two symbols, IBZT.OB and IBZT.BE, I take it the second is on the berlin stock exchange which one are you guys talking about?
IP: Logged | Report this post to a Moderator
Love the Market
Member


Member Rated:
4
Icon 1 posted      Profile for Love the Market     Send New Private Message       Edit/Delete Post   Reply With Quote 
IBZT.OB - Ibiz Technology.

Is the Penny Stock Play of the YEAR!

Will be in DOLLAR$ soon, very soon imo


Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share