Marsbergen concluded “Ultrack Systems also reached a decisive and favorable settlement with its key funder for a substantial debt reduction. This was achieved by restructuring the debt in ways that will prevent any near-term dilution through a preferred class stock deal. Details concerning this debt settlement will be released in the coming days. Worldwide coverage immediately opens up the door for new customers while expanding services for existing ones. I commit to adding value to the Company for our shareholders anywhere we can.
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