MOMO to start with DYTB - News...Daytonabrands, Inc. Debt Free After Canceling Promissory Note
Monday September 24, 8:25 am ET
IRVINE, CA and ORANGE CITY, FL--(MARKET WIRE)--Sep 24, 2007 -- Daytonabrands, Inc. (Other OTC:DYTB.PK - News), a manufacturer and marketer of innovative consumer products for the automobile and home industries, announced today it has completed a transaction to cancel a $431,000 promissory note originally issued in September 2006.
"Our goal was to significantly strengthen the balance sheet as a result of this transaction," stated Scott Harkness of Daytonabrands, Inc.
Daytonabrands has an aggressive strategy in place with its partners to increase revenue and shareholder wealth, which it will update to the public in the near term.
About Daytonabrands, Inc.
Daytonabrands, Inc. has reunited the "best in the industry" automotive marketing and sales "powerhouse team" comprised of former Armor All Corporation senior executives, including its founder, Alan Rypinski and many of its original 140 member sales representative groups. With an exceptional history of leadership in the automotive aftermarket industry and over 100 years of combined consumer packaged goods industry experience with some of the most successful and respected marketing companies in the world (including Disney, Pepsi-Cola, ConAgra, Clorox, Wyeth and GE), the team provides distribution access to well over a 100,000 retail outlets. Daytonabrands' products can be found in a variety of trade channels, including the Internet, automotive catalogs, direct to consumer television/print and various retail outlets (www.daytonabrands.com).
Statements contained in this news release, aside from those identifying historical facts, are 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
