BIEI NEWS Premier Biomedical Confirms Consolidation of Debt
EL PASO, TX--(Marketwired - May 31, 2016) - Premier Biomedical, Inc. (OTCQB: BIEI) reported today that it has consolidated its debt to one lender, a move that the company believes will minimize the toxic impact that having multiple lenders had on the market for its stock.
William A. Hartman, President and CEO of Premier Biomedical, stated, "We no longer have multiple lenders competing in the market with each other to sell their loan conversion stock and have turned the corner on this harmful financing which has depressed our stock price, and now have only one lender working with us in a more constructive partnership. This should improve our financial health and long term prospects."
