–(Marketwired – Apr 29, 2015) – Boreal Water Collection, Inc. (OTC PINK: BRWC), a high finish private label bottled water business from NY, announced today that it is in the approach of retiring all of its outstanding convertible notes held by a variety of financing organizations.
“Our objective is to turn into a completely sustainable free money flow company by the end of 2015,” said Francine Lavoie, chief executive officer. “Retiring of all the convertible debt will assist reduce uncertainty in our equity structure and represents a major step in our strategy to re-capitalize Boreal Water and strengthen its balance sheet. We are anxious to complete this system and to continue our concentrate on developing our business, and adding worth for our shareholders. All of the debt conversions have resulted in a important reduction in the Company’s debt in our 1st quarter of $ 585,000. We think that by the finish of the 2nd quarter, we will have reduced our debt burden in convertible notes by 100% and will have decreased our debt by $ 800,000. As a outcome of the Company’s development, going forward we believe that we can cease the use of convertible debt financing to fund our operations and expansion.
Nowhere do they say they will be debt free just reduced debt...its a very ambiguous PR.....you could read it at first and say all debt gone then read it again and its just been reduced this system........this program lol this system lol
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