Impact Fusion International Announced An Additional Debt Reduction of Its Long Term Debt by $684,629

Rhea-AI Summary

Impact Fusion International (OTC PINK: IFUS) announced a significant debt reduction of 93% since July 2021, lowering long-term debt from $1,566,000 to $116,960 after the retirement of an additional $684,629. This substantial debt reduction facilitates enhanced operational focus and growth opportunities.

The company plans to utilize treasury shares to attract investment for equipment upgrades and to develop a skilled sales team. Management expresses optimism for achieving business objectives in 2022 and beyond.

Positive

• 93% reduction in long-term debt from $1,566,000 to $116,960.
• Retirement of additional $684,629 in debt.
• Opportunity to attract investment capital for equipment upgrades.
• Plans to develop a seasoned sales staff for growth.

Negative

• None.

NAPOLEONVILLE, LA / ACCESSWIRE / December 28, 2021 / Impact Fusion International, Inc. (OTC PINK:IFUS)

The Company is pleased to announce that since July 2021 the Company has been able to reduce its long-term debt of $1,566,000 by $1,449,040 by retiring an additional $684,629 today.

The balance of the long-term debt of the Company is $116,960 at the end of 2021 as recorded on its books and records.

The Company's debt reduction by 93% will now allow us to focus on facilitating growth, by improving operations, increasing sales, eliminating and capitalizing debt.

Mr. Walther, CEO of Impact Fusion stated "I am confident that the recent increase in the authorized shares that was filed with the Secretary of State, NV and reported to Pacific Stock Transfer and to the OTC Markets will have a positive, immediate and long term impact for the Company in delivering it's business objectives for 2022 and beyond."

Specifically, the Company now has the option to use shares from its' treasury to attract investment capital to assist in updating and purchasing production and operations equipment. We will be funding future baseline studies and improve the property on which the Company operates. In addition, we will develop a seasoned sales staff to maintain and expand our client base.

The Company maintains its process of transparency and is excited to keep its current and potential shareholders informed on the progress of corporate developments.

About Impact Fusion International Inc.

Impact Fusion International, Inc. is in the business of marketing products in the "Health and Wellness" sector of all international markets. It is the company's mission to invent, develop and market these proprietary products worldwide for the health and well-being of humans and animals.

The information contained in this release includes some statement that are not purely historical and that are "forward-looking statements." Such forward-looking statements include, but are not limited to, statements regarding our and their management's expectations, hopes, beliefs, intentions or strategies regarding the future, including our financial condition, results of operations. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipates," "believes," "continue," "could," "estimates," "expects," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "seeks," "should," "would" and similar expressions, or the negatives of such terms, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this release are based on current expectations and beliefs concerning future developments and the potential effects on the parties and the corporate and administrative transactions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements and represent our management's beliefs and assumptions only as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future.

Updates can be found at the official Impact Fusion Twitter account @impactfusionl

Contact:

Impact Fusion International Inc.
204 Highway 1011
Napoleonville LA 70390
1-800-775-4130

Email: impactfusioninti@gmail.com
http://www.impactfusionbrands.com/brands
http://www.impactfusionint.com

SOURCE: Impact Fusion International Inc.

View source version on accesswire.com:
https://www.accesswire.com/679930/Impact-Fusion-International-Announced-An-Additional-Debt-Reduction-of-Its-Long-Term-Debt-by-684629

FAQ

What recent financial improvement has Impact Fusion International (IFUS) announced?

Impact Fusion International reported a 93% reduction in its long-term debt, decreasing from $1,566,000 to $116,960.

How much debt did Impact Fusion International retire recently?

The company retired an additional $684,629 in long-term debt.

What are the future plans for Impact Fusion International (IFUS) after the debt reduction?

The company plans to use treasury shares to attract investment for updating production equipment and developing its sales staff.

How does the debt reduction impact Impact Fusion International's business strategy?

The significant debt reduction allows the company to focus on growth, operational improvements, and increasing sales.