Friday August 14, 8:01 am Eastern Time
Company Press Release
SOURCE: Treasury International, Inc.
Treasury International, Inc. Eliminates US $1.2
Million of Debt (All figures in US dollars)
TORONTO, Aug. 14 /PRNewswire/ -- Treasury International, Inc. (OTC Bulletin Board: TREY - news) today announced
that it has successfully eliminated US $1.2 million of its debt effective immediately.
The company has entered into an agreement whereby US $1.2 million of convertible debentures (debt) is to be canceled in
exchange for its issuance of 33,670,000 Treasury International common shares.
James Hal, president and chief executive officer of Treasury International, Inc. stated ''we are very pleased to have retired such
a significant amount of debt and we are now in a much stronger position for future growth. We remain focused on putting in
place the necessary infrastructure in order to continue to leverage the company's growth through an aggressive acquisitions
strategy in the coming months.''
Treasury International, Inc. with its wholly owned subsidiary, manufactures, distributes and markets commercial and industrial
products to the pharmaceutical, health and beauty, food and household industries.
SOURCE: Treasury International, Inc. |
