DDDX News Out - Negotiates Debt Reduction of Over_One_Million_Dollars
Sep 07, 2017
OTC Disclosure & News Service
3DX Industries, Inc. Negotiates Debt Reduction of Over One Million Dollars
SEATTLE, WA--(Marketwired - Sep 7, 2017) - 3DX Industries, Inc. (OTC PINK: DDDX) (the "Company" or "3DX") announced today that CEO Roger Janssen, has successfully reduced the Company's financial debt obligation by over $1,000,000.00.
In a significant step towards improving the financial condition of the Company, Mr. Janssen has agreed to forgive accrued compensation due to him in the amount of $387,305; further debts owed relating to the purchase of equipment in the amount of $288,366 as well as a reduction in his monthly compensation payable per his employment agreement by $21,000 per quarter.
Earlier this year the Company also successfully negotiated a debt forgiveness agreement with one of its third party debt holders in the amount of $325,320. Mr. Janssen stated, "In the last 6 months we have successfully reduced the debt on the company's books by over $1,000,000. It is exciting to have such strong support from our third party debt holders which are allowing us the opportunity to improve the financial condition of the business."
About the Company: 3DX Industries, Inc. is focused on the additive metal manufacturing segment within the manufacturing industry. 3DX has the capability of manufacturing a wide variety of products using its 3D metal printing system, 3D composite printing as well as more traditional methods of precision manufacturing. 3DX offers additive and subtractive manufacturing options as well as product design, engineering and assembly services to its customers.
Safe Harbor: 3DX encourages those interested in our Company to rely only on information included in our filings. Statements released by3DX Industries, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
Visit the 3DX Industries, Inc. web site at www.3dxindustries.com. Information included on the Company's website is not incorporated herein by reference or otherwise.
For additional information please contact:
3DX Industries, Inc.
6920 Salashan Parkway Suite D-101
Ferndale WA 98248