American Diversified Holdings Corporation Announces a Major Debt Restructuring Eliminating $2.727 Million in Debt from Their Balance Sheet
American Diversified Holdings (OTC Pink: ADHC) has announced a major debt restructuring, eliminating $2,726,729.00 in debt from their balance sheet. This move will render ADHC debt-free, significantly strengthening its market position. The debt elimination is expected to be reflected in the corporate annual report due September 30, 2024.
ADHC management stated that this restructuring makes the company a more attractive partner for potential business relationships and acquisitions. The company's operational division, Universal Wellness AI, is actively seeking such opportunities. ADHC has conducted a thorough review of its capital structure, including the stock table and balance sheet, in collaboration with attorneys and auditors.
The company plans to announce further corporate actions and developments in the near future as it continues to build for success.
American Diversified Holdings (OTC Pink: ADHC) ha annunciato una significativa ristrutturazione del debito, eliminando $2.726.729,00 di debito dal proprio bilancio. Questo movimento renderà ADHC senza debito, rafforzando notevolmente la sua posizione di mercato. L'eliminazione del debito è prevista che venga riflessa nel rapporto annuale dell'azienda in scadenza il 30 settembre 2024.
La direzione di ADHC ha dichiarato che questa ristrutturazione rende l'azienda un partner più attraente per potenziali relazioni commerciali e acquisizioni. La divisione operativa dell'azienda, Universal Wellness AI, sta attivamente cercando tali opportunità. ADHC ha condotto una revisione approfondita della propria struttura di capitale, compresi il tavolo azionario e il bilancio, in collaborazione con avvocati e revisori dei conti.
L'azienda prevede di annunciare ulteriori azioni e sviluppi aziendali nel prossimo futuro mentre continua a lavorare per il successo.
American Diversified Holdings (OTC Pink: ADHC) ha anunciado una importante reestructuración de deuda, eliminando $2,726,729.00 de su balance. Este movimiento dejará a ADHC Libre de Deuda, fortaleciendo significativamente su posición en el mercado. Se espera que la eliminación de la deuda se refleje en el informe anual de la empresa que se publicará el 30 de septiembre de 2024.
La dirección de ADHC declaró que esta reestructuración convierte a la empresa en un socio más atractivo para relaciones comerciales y adquisiciones potenciales. La división operativa de la empresa, Universal Wellness AI, está buscando activamente tales oportunidades. ADHC ha llevado a cabo una revisión exhaustiva de su estructura de capital, incluyendo la tabla de acciones y el balance, en colaboración con abogados y auditores.
La empresa planea anunciar más acciones y desarrollos corporativos en un futuro cercano mientras continúa construyendo para el éxito.
American Diversified Holdings (OTC Pink: ADHC)는 주요 부채 구조 조정을 발표하며 $2,726,729.00의 부채를 재무제표에서 제거했습니다. 이 조치는 ADHC를 부채가 없는 상태로 만들어 시장에서의 위치를 상당히 강화합니다. 부채 삭제는 2024년 9월 30일에 예정된 기업 연례 보고서에 반영될 것으로 예상됩니다.
ADHC 경영진은 이번 구조 조정이 회사를 잠재적인 비즈니스 관계 및 인수의 더 매력적인 파트너로 만든다고 밝혔습니다. 회사의 운영 부서인 Universal Wellness AI는 이러한 기회를 적극적으로 찾고 있습니다. ADHC는 변호사 및 감사인과 협력하여 자본 구조, 주식 테이블 및 재무제표에 대한 철저한 검토를 실시했습니다.
회사는 성공을 위해 계속 노력하는 동안 가까운 미래에 추가적인 기업 행동과 개발을 발표할 계획입니다.
American Diversified Holdings (OTC Pink: ADHC) a annoncé une restructuration majeure de sa dette, éliminant $2,726,729.00 de son bilan. Cette opération rendra ADHC sans dette, renforçant considérablement sa position sur le marché. L'élimination de la dette devrait être reflétée dans le rapport annuel de l'entreprise prévu pour le 30 septembre 2024.
La direction d'ADHC a déclaré que cette restructuration rend l'entreprise un partenaire plus attrayant pour d'éventuelles relations d'affaires et acquisitions. La division opérationnelle de l'entreprise, Universal Wellness AI, recherche activement de telles opportunités. ADHC a réalisé un examen approfondi de sa structure de capital, y compris le tableau des actions et le bilan, en collaboration avec des avocats et des auditeurs.
L'entreprise prévoit d'annoncer prochainement d'autres actions et développements corporatifs alors qu'elle continue de travailler à son succès.
American Diversified Holdings (OTC Pink: ADHC) hat eine erhebliche Schuldenrestrukturierung angekündigt, die $2.726.729,00 Schulden aus ihrer Bilanz entfernt. Diese Maßnahme macht ADHC schuldenfrei und stärkt somit ihre Marktposition erheblich. Die Schuldeneliminierung wird voraussichtlich im Unternehmensjahresbericht, der am 30. September 2024 fällig ist, reflektiert werden.
Die Geschäftsleitung von ADHC erklärte, dass diese Umstrukturierung das Unternehmen zu einem attraktiveren Partner für potenzielle Geschäftsbeziehungen und Akquisitionen macht. Die operative Abteilung des Unternehmens, Universal Wellness AI, sucht aktiv nach solchen Möglichkeiten. ADHC hat eine umfassende Überprüfung seiner Kapitalstruktur, einschließlich der Aktienübersicht und der Bilanz, in Zusammenarbeit mit Anwälten und Wirtschaftsprüfern durchgeführt.
Das Unternehmen plant in naher Zukunft weitere Unternehmensaktionen und Entwicklungen anzukündigen, während es weiterhin auf den Erfolg hinarbeitet.
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ADHC to be Debt Free Upon the Elimination of this Debt from the Company's Balance Sheet.
Del Mar, California--(Newsfile Corp. - August 26, 2024) - American Diversified Holdings Corporation (OTC Pink: ADHC) announced today that the Company has negotiated the elimination of
"This is a major move for ADHC and our Shareholders. Cleaning up the balance sheet clearly makes the Company a much more attractive suitor as we negotiate deals to bring value to our Shareholders. Several other corporate actions are underway to further strengthen our position in the market place", commented ADHC Management. "We have conducted a thorough review of ADHC's capital structure including the stock table, balance sheet and other financial aspects in concert with our attorneys and auditors. We are very excited for the future of the Company as our strategy is being favorably received by our business partners," concluded ADHC.
Future development will be publicized in the near term as we continue to build ADHC for future success.
About AMERICAN DIVERSIFIED HOLDINGS CORPORATION
www.UniversalWellnessAI.com
www.UniversalWellnessShop.com
John Cacchioli, CEO
American Diversified Holdings Corporation
Telephone: (212) 537-5900
Email: JC@American-Diversified.com
Social Media:
TWITTER: @ADHCManagement.
This Twitter page is the only official Twitter page for ADHC.
SAFE HARBOR FORWARD-LOOKING STATEMENTS: This press release may contain forward-looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected revenue, contracts, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC) and on the OTC Disclosure & News Service (OTCDNS). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC and/or OTCDNS. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and secure construction contracts and the necessary assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC and/or OTCDNS filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business in the construction industry may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time. Words such as "estimate," "project," "predict," "will," "would," "should," "could," "may," "might," "anticipate," "plan," "intend," "believe," "expect," "aim," "goal," "target," "objective," "likely" or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.
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FAQ
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