HUTCHINSON, Kan., July 21 /PRNewswire-FirstCall/ -- HEE Corporation's (OTC: HCCF) Board of Directors today announced four major financial events and decisions regarding the Company. First, the Company has increased the authorized shares from 1 billion to 2 billion; Second, the Company has decided it would not be in the interest of the Company nor its shareholders to consider a reverse split now or in the foreseeable future; Third, they have aggressively pursued a strategy designed to reduce the debt of the Company; and Fourth, they are actively considering selling almost 500 million restricted shares of common stock to a private investment group with terms favorable to HEE and its shareholders' future. "HEE Corporation continues to operate under an aggressive debt reduction strategy which contributed to the need to increase available shares," said Radley Brooks, president of HEE Corporation. "We have reduced our debt by over Two (2) million dollars in the past couple of months; we have begun the implementation of our marketing strategy as evidenced by our the possibility of a reverse split now and for the foreseeable future; and, we have attracted the interest of a major investment group." "Today's announcement is the culmination of more than three months of strategy development, planning and discussions with our Advisory Board," said Frank Stuckey, Chairman of the Board. "We continue to strive for profitable growth in a dynamic industry. We believe our efforts will result in sustained growth of HEE Corporation and offers the best return for our shareholders. We have entered a new phase and all of us are excited and enthusiastic about the future of HEE Corporation." The Company will continue to answer investor questions through weekly updates to the investor section of its Web site, http://www.hee-corp.com . About HEE Corporation Founded in Hutchinson, Kansas in December 2003, HEE Corporation (OTC: HCCF) is a publicly-traded company committed to improving the quality of life through the research, development and distribution of products, services and nutraceuticals that address many of the causes of metabolic syndrome. Metabolic syndrome is quickly being recognized by the medical community as one of the most prevalent health conditions in the United States. HPB-84, manufactured in the United States, is currently sold exclusively through http://www.hpb84.net . It contains a proprietary blend of the following ingredients generally recognized by the FDA as safe (GRAS). Complete company and investor information can be found at the company Web site, http://www.hee-corp.com . Forward-Looking and Cautionary Statements Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. HEE Corporation undertakes neither intention nor obligation to publicly update or revise any forward-looking statements. HEE Corporation and the HEE Corporation logo are trademarks or registered trademarks.
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