Daytonabrands, Inc. Debt Free After Canceling Promissory Note
IRVINE, CA and ORANGE CITY, FL, Sep 24, 2007 (MARKET WIRE via COMTEX) -- Daytonabrands, Inc. (PINKSHEETS: DYTB), a manufacturer and marketer of innovative consumer products for the automobile and home industries, announced today it has completed a transaction to cancel a $431,000 promissory note originally issued in September 2006.
"Our goal was to significantly strengthen the balance sheet as a result of this transaction," stated Scott Harkness of Daytonabrands, Inc.
Daytonabrands has an aggressive strategy in place with its partners to increase revenue and shareholder wealth, which it will update to the public in the near term.
About Daytonabrands, Inc.
Daytonabrands, Inc. has reunited the "best in the industry" automotive marketing and sales "powerhouse team" comprised of former Armor All Corporation senior executives, including its founder, Alan Rypinski and many of its original 140 member sales representative groups. With an exceptional history of leadership in the automotive aftermarket industry and over 100 years of combined consumer packaged goods industry experience with some of the most successful and respected marketing companies in the world (including Disney, Pepsi-Cola, ConAgra, Clorox, Wyeth and GE), the team provides distribution access to well over a 100,000 retail outlets. Daytonabrands' products can be found in a variety of trade channels, including the Internet, automotive catalogs, direct to consumer television/print and various retail outlets (www.daytonabrands.com). |
