Jim O'Rourke, CEO of Powerdyne said, "This was a big step for the Company. Ever since taking on the role of CEO at Powerdyne, the convertible debt has been an ongoing issue for our share price. Though it was a necessary step to raise operating capital, we are happy to say that we've now moved beyond that point. We anticipate that future revenue generated from operations will be sufficient to fund our operating needs. This marks the first time since May 2013 that Powerdyne International has not had any convertible debt on its books. I want to personally thank our shareholders who have stood by us during this difficult period."
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