Impact Fusion International Announced Today That It Has Reduced Its Long Term Debt by an Additional $150,000

Rhea-AI Summary

Impact Fusion International (OTC PINK:IFUS) announced the conversion of $150,000 of long-term debt into 11,000,000 common shares, effectively reducing its overall long-term debt by 15%, totaling a 57% reduction since October 13, 2021. The company's remaining long-term debt now stands at $816,461, down from $1,566,000, following a previous $650,000 reduction. This financial maneuver aims to enhance the company's capital structure and facilitate future growth in the health and wellness sector.

Positive

• Long-term debt reduced by 15%, totaling a 57% reduction since October 2021.
• Current long-term debt stands at $816,461 after recent conversions.

Negative

• None.

NAPOLEONVILLE, LA / ACCESSWIRE / November 2, 2021 / Impact Fusion International, Inc. (OTC PINK:IFUS)

The Company is pleased to announce that it has converted $150,000 of its long term debt to Common Shares under Rule 144. A total of 11,000,000 common shares were issued.

This debt was 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 an additional 15% for a total of 57% since October 13, 2021. The previously stated total debt owed by the Company was $1,566,000 which was reduced by $650,000 last month. With this conversion the long term debt now stands at $816,461.

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/670656/Impact-Fusion-International-Announced-Today-That-It-Has-Reduced-Its-Long-Term-Debt-by-an-Additional-150000

FAQ

What recent financial action did Impact Fusion International take?

Impact Fusion International converted $150,000 of its long-term debt into common shares, reducing its debt by 15%.

How much has Impact Fusion International reduced its long-term debt since October 2021?

The company has reduced its long-term debt by a total of 57% since October 13, 2021.

What is the current long-term debt of Impact Fusion International?

Impact Fusion International's current long-term debt stands at $816,461.

How many common shares were issued in the recent debt conversion?

A total of 11,000,000 common shares were issued in the recent debt conversion.