Imagination TV Inc. (IMTV) is pleased to announce that in accordance with the terms of a Settlement Agreement with a creditor, it has fully satisfied Promissory Notes (the "Notes") representing $123,874.67 in creditor debt from 2014 & 2015 (the "Debt"). The Debt was satisfied with a discounted settlement amount, thereby eliminating any further contractual obligations under the Notes.
Juan Areco, CEO of Imagination TV commented, "We are pleased to have satisfied $123,874 of the Company's debt, which is a first step in cleaning up our cap structure."
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