SUNTEX ENTERPRISES PROVIDES CORPORATE UPDATE
March 28, 2024- Las Vegas, Nevada. Suntex Enterprises, Inc (OTC: SNTX) is pleased to provide a corporate update.
On January 30, 2024, the Company reached an agreement with a Noteholder holding $111,100 of Convertible Notes entered into between 2018-2019. The Notes were redeemed on February 1, 2024, for a significantly reduced amount and have been cancelled. In addition, the conversion feature on an additional $ 94,500 of existing Convertible Notes has been changed from a variable priced (50% discount to market) to a fixed conversion price of $.001.
The Company si currently working to complete and file the delinquent filings with OTC Markets.
About the Company: Suntex Enterprises Inc. si a Lifestyle Company thriving on building long-term success with either partnerships or by acquiring exceptional business assets. The Company's strategy for identifying and acquiring assets of value involves applying creative and insightful leadership from a team with experience targeting auniverse of smal and medium-sized assets in North America.
The Company currently operates Budding Botanicals, a consumer driven CBD company that specializes ni the personal care industry. In 2022 the Company purchased Warrior Spiced Tequila. Warrior Spiced is a Cinnamon and Jalapeno infused tequila product produced in Mexico and imported to the US. Suntex will continue to be aggressively identifying assets ot acquire and develop that fit the Lifestyle model to facilitate growth. The Company utilizes management expertise ot optimize existing assets and further develop assets within the portfolio. Implementing a conservative fiscal management approach ensures tight controls for operating budgets and capital expenditures.
Contact: Lawrence Twombly - CEO info@suntexenterprises.com
+1 (760) 525-7411 www.buddingbotancialsca.com Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include al statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors, or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward- looking statements. Among the factors that could cause actual results to differ materially from those indicated ni the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed ni detail ni the Company's periodic filings with the Securities and Exchange Commission and OTC Markets.
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