Integrated Ventures Eliminates 100% Of Its Debt Obligations As Eagle Equities, LLC Completes Its Final Conversion
Integrated Ventures Inc. (OTCQB: INTV) announced on February 16, 2021, that it has eliminated all of its convertible debt, enhancing its balance sheet. CEO Steve Rubakh expressed optimism about the company's growth and potential uplisting to a major stock exchange, emphasizing the importance of a strong financial position for shareholder confidence. The company expects this debt elimination and anticipated revenue growth to positively influence its Q3 financials. Integrated Ventures operates in the technology sector, with a focus on cryptocurrency.
- Elimination of 100% convertible debt enhances the company's balance sheet.
- Positive outlook on revenue growth anticipated to positively impact Q3 financials.
- Plans for potential uplisting to a major stock exchange could boost shareholder confidence.
- None.
PHILADELPHIA, Feb. 18, 2021 /PRNewswire/ -- Integrated Ventures Inc, (OTCQB: INTV) ("Company") is pleased to confirm that Eagle Equities, LLC has completed its final conversion and as of 02/16/21, the Company's balance sheet contains zero convertible debt.
Steve Rubakh, CEO of Integrated Ventures, adds the following commentary:
"Integrated Ventures, Inc has eliminated all of its outstanding convertible debt and is looking forward towards building momentum, in regards to growing revenues and increasing share price.
"As we are starting to firm up a plan of action for a potential uplisting onto a major stock exchange, we recognize the importance of a strong balance sheet in order to maximize shareholder confidence.
"We look forward to further optimizing the Company's financial position and its balance sheet to qualify for the up-listing and will continue to update the corporate progress to investors and shareholders.
"We anticipate the current elimination of the derivative liabilities and growing revenues to have a positive impact on our Q3 financials."
About Integrated Ventures Inc: The Company operates as Technology Holdings Company with focus on cryptocurrency sector.
For more information, please visit company's website at www.integratedventuresinc.com.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the company's control. "project," "intend," and similar expressions.
Contact Details:
Steve Rubakh
+1 (215) 613-1111
sr@emsfindapp.com
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SOURCE Integrated Ventures Inc.
FAQ
What is Integrated Ventures Inc.'s recent financial achievement related to convertible debt?
How does the elimination of convertible debt affect INTV's balance sheet?
What are Integrated Ventures' plans for stock exchange uplisting?
When does Integrated Ventures expect to see an impact from its debt elimination?
