Global Vision Holdings inc (GVHIB)

[esi23]

Soon we shall rise. See below from Oct 10

Settlement Amount. In full and final settlement of all claims asserted, or which could have been asserted in the Action, the Global Parties agreed to pay, and Asher agreed to accept, the aggregate sum of One Hundred Thousand Dollars ($100,000.00) (the "Settlement Amount"), which has been paid to Asher Enterprise Inc. by wire transfer on October 10, 2016.

Glen Carnes, CEO of Global Vision Holdings, Inc. said, "It has been a hard path that we have had to walk due to the toxic convertible debt that our former CFO took onboard from Asher Enterprises, but we are now free of this debt and we have no intention to ever take on any new toxic loans for the benefit of the company and its shareholders. I want to personally thank our shareholders who have stood by us during this difficult period. During this time, we have continued to build the business and concentrate on the operational day-to-day activities of the Company. This hard work and effort by all members of the Global Vision Holdings, Inc. team can now start to be capitalized on without the added weight of the toxic convertible debt.”

We, the Company, would like to thank you again for your vote of confidence and look forward to informing you of our progression via press releases in the near future.