Impact Fusion International Announced Today That It Has Reduced Its Long Term Debt by 42%

Rhea-AI Summary

Impact Fusion International (OTC PINK:IFUS) announced the conversion of $650,000 long-term debt into non-convertible Preferred Shares, effectively reducing its total long-term debt from $1,566,000 to $996,461, a reduction of 42%. Of this new debt total, $656,000 is held by friendly investors. The company reassured shareholders that this transaction does not dilute common shares. Additionally, Impact Fusion's e-commerce website is now operational, allowing customers to place orders.

Positive

• Reduced long-term debt by 42% from $1,566,000 to $996,461.
• $650,000 of debt converted into non-convertible Preferred Shares.
• No dilution of common shareholder holdings as no common shares issued.
• E-commerce website is active and accepting orders.

Negative

• None.

NAPOLEONVILLE, LA / ACCESSWIRE / October 13, 2021 / Impact Fusion International, Inc. (OTC PINK:IFUS)

The Company is pleased to announce that it has converted $650,000 of its long term debt to Preferred Shares. The Company's Preferred Shares are not convertible.

This debt is recorded in the financial disclosures recently filed with the OTC Markets. The net effect of this transaction is to reduce the overall long term debt of the Company by 42%. The previously stated total debt owed by the Company was $1,566,000. The debt is now $996,461, of which $656,000 is in friendly hands.

The Company would like to assure its shareholders that this transaction does not dilute the holdings of the common shareholders in any way as no common shares have been issued.

The Company announced that its e-commerce website is active and accepting orders at this time. http://impactfusionbrands.com/brands/

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: impactfusionintl@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/667949/Impact-Fusion-International-Announced-Today-That-It-Has-Reduced-Its-Long-Term-Debt-by-42

FAQ

What is the recent debt reduction reported by Impact Fusion International (IFUS)?

Impact Fusion International announced a 42% reduction in long-term debt, decreasing it from $1,566,000 to $996,461.

How much debt did Impact Fusion convert to Preferred Shares?

Impact Fusion converted $650,000 of its long-term debt into non-convertible Preferred Shares.

Does the recent debt conversion dilute common shareholders of IFUS?

No, the transaction does not dilute common shareholder holdings as no common shares have been issued.

Is Impact Fusion's e-commerce website operational?

Yes, Impact Fusion's e-commerce website is active and currently accepting orders.