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REDUCES SHARES UNDERLYING CONVERTIBLE LOAN_DEBT_BY_OVER_90% !!
3DX INDUSTRIES INC. REDUCES SHARES UNDERLYING CONVERTIBLE LOAN DEBT BY OVER 90%
Aug 29, 2017
OTC Disclosure & News Service
Seattle, WA -
Seattle WA, August 29th, 2017 3DX Industries Inc. (OTC: DDDX) 3DX Industries Inc., (the Company or 3DX). 3DX Industries Inc. is pleased to announce management has renegotiated the terms of certain third party convertible loan agreements to further restrict shareholder dilution.
Company President and CEO Roger Janssen has amended the convertible note agreements with two non-related 3rd party convertible debt holders. Based on the terms of the amendments the number of shares issuable on conversion have been reduced by over 90% The total principal debt will be fixed effective April 30, 2017; accrued interest and penalties will be waived as of that date and the principal debt will no longer accumulate any interest or penalties. The debt holders are restricted to a maximum conversion of 10% of their outstanding debt per quarter.
Mr. Janssen comments; These debt holders are 100% on board with what we are trying to accomplish with 3DX and agreeing to these tight restrictions on their debt conversion really shows their commitment to seeing our company succeed. Our goal is to be one of the most successful 3D Metal Printing companies in North America and having their support and the support of our shareholders goes a long way to achieving this. As I have stated in the past, management will not be entering into any type of toxic financing arrangements.
The company is pleased to report it is now current in its filing obligations under the rules of the OTC Markets and will continue to work towards securing nontoxic financing arrangements and keeping focused on minimizing shareholder dilution as the company works towards future expansion.
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 with the United States Securities and Exchange Commission which can be found at www.sec.gov. 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 with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
For additional information please contact:
3DX Industries, Inc.
6920 Salashan Parkway Suite D-101
Ferndale WA 98248
Telephone: 360-366-8858
Email: info @3dxindustries.com
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.
DDDX - REDUCES SHARES UNDERLYING CONVERTIBLE LOAN DEBT BY OVER 90% !!
https://twitter.com/OTCNewsAlerts/status/902559513336741888
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Holding well. Fantastic morning so far. IMTL
Huge News out TMXN!
Thinning out nicely. Cleary skys past .0330s!! IMTL
IMTL's Price Per Share is superbly undervalued!
Company CEO Comments on Facebook's recent Acquisition
SAN CLEMENTE, CA--(Marketwired - Aug 21, 2017) - Image Protect Inc. (OTC: IMTL)
In the battle to fight the constant onslaught of Piracy within the Social Media space, Face Book, NSDAQ (FB) recently acquired a Copyright/Infringement start-up last month, with a platform built for monitoring Copyright Infringements. This corporate acquisition by the largest Social Media firm to date, exemplifies the enormity of the Copyright Infringement market in today's world. Instagram users down load a trillion images a year, and that number is only growing, much of which is done for no regard of true Copyright ownership. Image Protect Inc., www.imageprotect.com, has built an end to end business solution passed through blogs, corporate and editorial websites, and social media platforms etc. Their proprietary software has witnessed its growth from beta tested start up just three years ago to a full-service Copyright Infringement firm monitoring over 10 million images across a global environment. With new visual artists joining the platform each day, Image Protest's growing "Community" continues to be a united voice in today's fight against online piracy.
Chief Executive Officer, Lawrence Adams stated, "Order is being brought to the fast-moving world of the internet age, who owns what, and who has the rights to post and use Images, content and videos, is just now coming to light by a small handful of steadfast startups fighting for the rights of Artists to be compensated while building revenue models. "Trillions of bytes of data are swirling every minute of every day, and we are in here bringing order to ownership", he further stated.
About the Company
Image Protect protects and monetizes creative works. By uniting technology with a team of copyright experts, we ensure that content providers preserve the value of their digital assets. Our web application monitors the global Internet to seek and collect evidence for illegally used visual content. Then our legal partners in North America, Europe, Asia and Oceania ensure that our clients receive appropriate compensation, recovering settlement fees when their work has been used without a valid license.
Safe Harbor Provision
Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review Image Technology Laboratories' 10-K and 10-Q for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.
News is going to shake this to new highs! IMTL
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IMTL - Calm before the storm folks!
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Very active twitter with 10k Followers!
@ImageProtect