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Re: xofis post# 83158

Monday, 09/20/2010 10:52:07 AM

Monday, September 20, 2010 10:52:07 AM

Post# of 103340
Two debts, one with BB&T and one with TCF have been paid in full and the company now owns the equipment. The companys focus will now turn to debt reduction with other traditional banking sources as well as direct debt reduction to five (5) individual debt providers. These debts total approximately $247,000 . It is the companys goal to satisfy these private debt providers by April 2011 . It is imperative that the company have a stronger balance sheet by January 1, 2011 to be prepared for expected opportunities.