Tonner-One World Settles Another $62,000 in Convertible Debt

Rhea-AI Summary

Tonner-One World Holdings (OTC PINK:TONR) has announced the settlement of $62,000 in convertible notes at under 10% of their face value as of April 25. CEO Corinda J. Melton emphasized the company's commitment to rapidly and cost-effectively reduce debt. Tonner anticipates further reductions in convertible debt by the time of their third-quarter filings. Shareholders will be updated monthly and a major announcement regarding their NFT Marketplace, Zowee.io, is scheduled for this afternoon.

Positive

• Settlement of $62,000 in convertible notes at under 10% of face value.
• Anticipation of further debt reduction by third-quarter filings.
• Commitment to provide monthly updates to shareholders.

Negative

• None.

KATY, TX / ACCESSWIRE / April 26, 2022 / Tonner-One World Holdings, Inc. (OTC PINK:TONR)

The company is pleased to announce that as of April 25, a total of $62,000 more in convertible notes have been settled for less than 10% of their face value.

"My first directive to the team on a weekly basis is to do everything necessary to settle debt on our books as fast and as cheaply as possible," stated Corinda J. Melton, CEO. "Based on the current success of our ongoing efforts, we anticipate the settlement of a large portion of the company's convertible debt by the submission of our 3^rd quarter filings to the OTC Markets," she added.

The company will continue to issue updates and information on debt settlement to the shareholders at least once a month and will discuss this topic on its next shareholder conference call in May. The company will also be making a major announcement about its NFT Marketplace Project, Zowee.io this afternoon at 2pm eastern daylight time.

About Tonner-One World Holdings, Inc.

Tonner-One World Holdings, Inc. is an emerging growth company that is expanding into the world of digital commerce initiatives in finance, IP licensing, crypto-currency and high value NFTs.

For more information, log onto the company's official Twitter account https://twitter.com/tonnerOWInc. Email: info@tonnerow.com

Notice Regarding Forward Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements.

SOURCE: Tonner-One World Holdings, Inc.

View source version on accesswire.com:
https://www.accesswire.com/698874/Tonner-One-World-Settles-Another-62000-in-Convertible-Debt

FAQ

What recent financial action did Tonner-One World Holdings (TONR) take?

Tonner-One World Holdings settled $62,000 in convertible notes for less than 10% of their face value.

When does Tonner plan to announce further debt settlements?

Tonner expects to announce further debt settlements by the submission of their third-quarter filings.

What is the purpose of the upcoming shareholder conference call for TONR?

The call will discuss debt settlement updates and other important announcements.

What major announcement is Tonner making related to Zowee.io?

Tonner will make a significant announcement regarding their NFT Marketplace Project, Zowee.io, at 2 PM EDT today.