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Techalt, Inc. Achieves Debt Reduction as Part of Company's Reorganization Plans
Thursday December 20, 10:01 am ET
SEATTLE--(BUSINESS WIRE)--Techalt, Inc. (Pink Sheets:TCLT - News) ("Techalt" or the "Company") today reported successful progress on reduction of the Company's debt as part of management's plans for reorganization of the Company, settling certain debts previously listed on its books as a liability.
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Management believes that the debt reduction increases value to shareholders and continues to approach long-standing investors holding debt in the Company about settling a portion of this debt as a means to improve the Company's balance sheet. The Company plans to continue these efforts.
The Company is currently exploring potential business combinations and feels reducing its liabilities will assist in its efforts towards identifying and securing a potential acquisition target.
Forward-Looking Statements
This release contains 'forward-looking statements' within the meaning of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements'. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.
Contact:
Techalt, Inc., Seattle
Media & Investor Relations:
Joseph J. Malone, 786-375-0556
Information@EquityDigest.com
www.EquityDigest.com
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