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EZ2Companies Pays Off Cornell Capital Debt WEST PALM BEACH, Fla., Oct. 24, 2007 (PRIME NEWSWIRE) -- EZ2Companies (Pink Sheets:EZTO) announced that it has tendered the final payment to Cornell Capital on Oct 10th and both parties have signed a mutual payoff and release agreement (Exhibit A below). EZ2Companies President Jeff Berkowitz said, "This $250,000 convertible debenture has been on the companies' books and the minds of its investors, as well as potential investors, for over two years. I'm happy to report that the six month payoff agreement which EZ2Companies signed in May of this year with Cornell Capital has been paid in full and ahead of schedule. This Cornell debt was the biggest challenge the company had faced in its efforts to cleaning up the past and becoming a viable entity going forward. We are now able to focus on the future and building shareholder value."
EZ2Companies.com, Inc. is a holding and consulting company. The Company owns the following corporations: EZ2Stream, EZ2Broadcast, EZ2Ask, EZ2Mortgage, EZ2Music, EZ2Realestate, EZ2Date, EZ2Escrow, EZ2Speak and EZ2Movies. The company, through its wholly owned subsidiaries, is actively seeking merger, acquisition and or partnership opportunities.
Forward-Looking Statements
This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statement include our ability to continue to lower our costs, our timely development and customers' acceptance of our products, including acceptance by key customers, pricing pressures, rapid technological changes in the industry, increased competition, our ability to attract and retain qualified personnel, our ability to identify and successfully consummate future acquisitions; adverse changes in customer order patterns, adverse changes in general economic conditions in the U.S. and internationally, risks associated with foreign operations and political and economic uncertainties associated with current world events.
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