Advanced Plant Pharmaceuticals, Inc. (APPI) announced that the company has made significant progress in reducing debt. The company has negotiated with many of its debtholders to accept equity to retire the majority of the outstanding debt.
David Lieberman, CEO of Advanced Plant Pharmaceuticals, said. "We are very pleased to have retired more than $1.5 Million in debt to date. In addition, we are experiencing a great deal of success in negotiations with our remaining debtholders to accept our equity as payment for the remaining debt. We look forward to advancing the company's new business plan and building shareholder value. Debt reduction is an integral part of our plan to enhance our financial flexibility as we build the company."
-------------------- Growing old is mandatory!......... Growing up is optional! Posts: 527 | From: Pennsylvania | Registered: Apr 2004
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