SIMH Sanomedics Completes Financing; Settles Creditor Litigation GlobeNewswire "Press Releases"
MIAMI , Oct. 21, 2014 (GLOBE NEWSWIRE) -- Sanomedics International Holdings, Inc. (OTCQB:SIMH), (the "Company") a medical technology and services holding company that focuses on providing game changing products, services and ideas, is pleased to announce that, through an acceleration of previously disclosed rights by Redwood Management, LLC ("Redwood"), the Company has satisfied all outstanding debt obligations owned to TCA Global Credit Master Fund LP ("TCA") and all litigation with TCA has been dismissed.
Keith Houlihan , President of Sanomedics , commented, "We are pleased to announce the completion of this financing and our continued balance sheet restructuring. We are thankful for the confidence which Redwood has in our Company and management team in the execution of our growth plans."
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