HQNT,
H-Quotient Eliminating All Debt
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Mon Feb 23 08:02:00 2004 EST
VIENNA, Va., Feb 23, 2004 (BUSINESS WIRE) --
H-Quotient, Inc.,
(OTC Bulletin Board:HQNT - News) announced that it is eliminating all
remaining debt.
The Company will eliminate all remaining debt during the 1st
Quarter ending March 31, 2004. Only ordinary monthly payables will
remain. This represents the fulfillment of a Company objective
established more than four years ago.
President and CEO Douglas Cohn said, "This is a true milestone for
the Company. Earnings growth has allowed us to make acquisitions, fund
research and development, expand marketing and sales, establish a
sizeable portfolio reserve, and pay quarterly dividends."
This announcement may contain, in addition to historical
information, certain forward-looking statements that involve risks and
uncertainties. Such statements reflect management's current views and
are based on certain assumptions. Actual results could differ
materially from the assumptions currently anticipated.
For more information visit the H-Quotient web site at
www.hquotient.com.
SOURCE: H-Quotient, Inc.
H-Quotient, Inc.
Ashley Bell, 703-752-0690
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Copyright (C) 2004 Business Wire. All rights reserved.
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