Richard, will you go for four!!
Heartsoft to Reduce Operating Liabilities by 60% by 6/30/98
TULSA, Okla., June 9 /PRNewswire/ -- Heartsoft, Inc. (OTC Bulletin Board: HTSF - news) today reported that the company anticipates that it will reduce outstanding operating liabilities by approximately 60% by the end of June, 1998.
Utilizing revenues generated through operations, Heartsoft anticipates that it will reduce outstanding bank and shareholder debt in combination with general operating liabilities by nearly 60% by June 30, 1998. Reduction of current liabilities has already began, and once completed, the company anticipates aggregate operating payables and debt not to exceed $300,000.
''With strong sales of the company's new educational software CD-ROM series, Thinkology, to education markets nationwide, we anticipate that we will continue to see a reduction of operating payables over the next 90 days. As shipments of Thinkology continue to increase, our cost of goods will steadily decline, resulting in lower operating payables,'' said Benjamin Shell, Heartsoft C.E.O.
Heartsoft, Inc. develops, publishes, and distributes a diverse line of multi-media curriculum-based products for schools and parents nationwide. Headquartered in Tulsa, Oklahoma, Heartsoft is acknowledged among educators as the price-vs-performance leader -- delivering such product classics as the Heartsoft Bestseller and its new release Thinkology with unsurpassed customer service and customer loyalty. The company's stock is traded on the OTC Bulletin Board under the symbol ''HTSF''. Heartsoft's web sites are located at ''http://www.heartsoft.com'' and ''http://www.thinkology.com''.
SOURCE: Heartsoft, Inc. |
