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NLEF - News!!! NLEF Note Holders Waive All Interest for $500,000 Gain
May 08, 2014 (ACCESSWIRE via COMTEX) -- SOUTHBURY, CT / ACCESSWIRE / May 8, 2014 / New Leaf Brands, Inc. (OTC:NLEF), a diversified beverage holding company acquiring brands, distributors and co-packers in North America has announced today that a majority of its note holders have waived all of their accrued and unpaid interest payments as well as all future interest due through FY 2014.
The un-audited accrued and unpaid interest through the first quarter 2014 represents approximately $420,000 and the remaining interest through FY 2014 is an additional $142,000 of benefit to the company, or $562,000 through all periods.
"Our note holders have again shown extraordinary resilience in supporting management's efforts to build shareholder value," said David N. Fuselier, Chairman and CEO of New Leaf Brands, Inc. "Their acceptance of management's request to waive historic and near term interest payments is a tangible example of their willingness to continue to sustain New Leaf's operations. This continues our effort at building a robust balance sheet that possesses positive net equity coupled with healthy operations."
New Leaf recently executed a $4MM Credit Facility with a $300MM TCA Global Fund to enhance its operations and to acquire proven operating companies in the beverage and food industry.
About New Leaf Brands
New Leaf Brands, Inc. (OTC:NLEF) is a diversified beverage holding company acquiring brands, distributors and co-packers in North America. For our customers, we provide high quality, great tasting beverages in well-placed consumer markets. For our shareholders, we acquire companies that build, maintain and nourish shareholder value. Our corporate mission is to be the best small-cap beverage holding company in North America. For more information please visit NLEFbrands.com, follow us on Twitter @NLEFBrands or email info@NLEFbrands.com.
This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's 10-Ks and 10-Qs on file with the Securities and Exchange Commission.
For more information contact:
David N. Fuselier, CEO or
Annie Dance, Manager - Corporate Communications
(203) 628-7142
info@NLEFbrands.com
SOURCE: New Leaf Brands, Inc.
[url]www.accesswire.com/img.ashx?id=415391[/url
Copyright 2014 ACCESSWIRE
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My pick is APPZ @ .0025
My pick is LPPI @ .01
My pick is UTRM @ .0106
SSHSQ MJ rumored connections and getting alot of attention in the last hour. My shrs have been dormant for quite a while an now has a lot of activity...
My pick is KNSC @ .0011
mrchipper is a great addition!
My pick is LVGI @ .007
My pick is UTRM @ .0076
GBEN - Liking it today!
My pick is WDAS @ .0195
HRDN - Looks close for a move up
HRDN - Ready for a bounce. Back in @ .0005
I agree, it is barely beginning! PMRS
PMRS = P_A_R_A_B_O_L_I_C
PMRS - Next MJ stock to have a run up? Looks like it just got started.
My pick is BNYN @ .001
CPSL 03/05/2014 Market Value Updated
From OTC Markets:
Share Structure
Market Value1 $6,311,064 a/o Mar 05, 2014
Shares Outstanding 3,880,866 a/o May 07, 2013
Float Not Available
Authorized Shares Not Available
Par Value No Par Value
CPSL Share Structure
OTC Markets:
Market Value1 $6,311,064 a/o Mar 05, 2014
Shares Outstanding 3,880,866 a/o May 07, 2013
Float Not Available
Authorized Shares Not Available
Par Value No Par Value
TCEL Bouncing
My pick is DSCR @ .0032
DSCR has done well... and TDEY busted a move later in the day on news and looks to want to move higher tomorrow.
DSCR .0043 New HOD
DSCR .0037 New HOD
DSCR .0035 from a .0023 day low and still moving up
DSCR looks like next leg is forming and going now...
DSCR... What a beast!
My pick is BIEL @ .0028
HDRN: Good Find! Very Interesting Indeed!
My pick is BRND @ .0024
Yes, SING did great. It looked primed for a move up. Lots of weed plays out there, but have to be a bit more careful with the newer announced ones. I jumped on SDGRI and lost, but I think there are still more gainers than losers right now.
Yeah, it's a pretty good week when you get over 200% with your pick and only come in 3rd place!
My pick is VMGI @ .0017
HRDN/.0008- looking good for Monday and next week.
SING Whew! What a day!
Bounce time? Back to .05?
Boardmark #65... like your picks here.
My pick is SING at .0196
VOIS News Out... on the move now.
Liking VOIS :)