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Wednesday, August 24, 2016 9:54:25 AM
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WARWICK, RI – (July 30, 2015) – Powerdyne International, Inc. (OTC PINK: PWDY) announced today that as of Wednesday, July 29, 2015 all of its convertible debt has been eliminated from its books.
Jim O’Rourke, CEO of Powerdyne said, “This was a big step for the Company. Ever since taking on the role of CEO at Powerdyne, the convertible debt has been an ongoing issue for our share price. Though it was a necessary step to raise operating capital, we are happy to say that we’ve now moved beyond that point. We anticipate that future revenue generated from operations will be sufficient to fund our operating needs. This marks the first time since May 2013 that Powerdyne International has not had any convertible debt on its books. I want to personally thank our shareholders who have stood by us during this difficult period.”
About Powerdyne International, Inc.:
Powerdyne International, Inc. (www.Powerdyneinternational.com) provides power solutions that are designed to be installed in virtually any location worldwide. The Company’s target customer will typically use its PDI Power Solution to produce its own primary or supplemental power which is useful in any situation where reliable and cost effective power is needed.
Powerdyne is founded on the ability to produce primary and supplemental power using custom-built gas generators which produces electricity cheaper than existing means. The Company expects that the difference between its costs of generating electricity versus its customer’s current cost will result in a substantial savings.
For more information on Powerdyne International go to: www.powerdyneinternational.com
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