NEWS!!!! SOLID...Pazoo, Inc. Confirms Paying Off Note to Eastmore Capital LLC, More Than a Week Early and Plans to Retire the Few Notes Remaining Through the Summer
Apr 27, 2015
OTC Disclosure & News Service
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WHIPPANY, N.J., April 27, 2015 (GLOBE NEWSWIRE) -- Pazoo, Inc. (OTC Pinks:PZOO) (German WKN#:A1J3DK), is pleased to announce that as of today and more than a week ahead of schedule, the company has completely repaid the total of its obligations on its Convertible Promissory Note to Eastmore Capital LLC. Pazoo announced on April 15 its intentions to pay off Eastmore Capital within the next few weeks. Pazoo made good today on their intentions.
Pazoo is in a very aggressive expansion and growth mode and has plans to accelerate the expansion plans moving forward. In the future, Pazoo may need to finance debt to facilitate and fund this rapid expansion. However, management is very well aware of the effects of dilution and, as demonstrated in our debt paying actions, strives to protect its shareholders. Pazoo firmly believes share valuations will reflect a much stronger fundamental valuation realized through organic growth, potential acquisitions, current site revenues and new possibilities in the future.
Pazoo CEO David Cunic commented, "Raising money to fund expansion and growth is great when it is accretive. We have pared our overhead as low as possible to make sure every dollar is directly invested into the expansion and growth of Pazoo and related subsidiaries. Many big opportunities lay ahead of us and we plan on delivering on everyone of them."
