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Imagination TV Executes Agreement to Cancel Outstanding Warrants

11:09 AM ET 7/13/17 | Comtex Newswires
Imagination TV, Inc. (OTC PINK: IMTV) is pleased to announce that it has successfully negotiated the cancellation of all outstanding warrants on the Company's books.

"New management's focus is to negotiate and conclude agreements with the Company's debt holders with less dilutive terms that would provide a more favorable share structure for the Company. We are pleased to announce that we have concluded an agreement with one of our debt holders to cancel all of their warrants, which represents all of our outstanding warrants," commented Joseph S. Sirianni, President & CEO of Imagination TV, Inc.

Forward-Looking Statements:

Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. Moreover, there is no assurance whatsoever that cancellation of the warrants and/ or future agreements with the Company's debt holders will provide a favorable debt structure for the Company. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

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SOURCE Imagination TV, Inc.

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