Triton Distribution Systems, Inc. Management Preparing the Company for Major Financial Growth
13 Januar 2011 - 2:00PM
Marketwired
Triton's (PINKSHEETS: TTDZ) management, in anticipation of the
closing of the acquisition of AGT on January 15, 2011 and the
greatly welcomed pending private placement, is pleased to announce
today that based upon shareholders and board of directors approval
of the various note transactions, warrant conversions and debt
exchange agreements, Triton is in a position to have up to
approximately $4.2 million in debt and $4.1 million in other
liabilities eliminated. As a result, management anticipates an
increase of approximately $8.3 million in total shareholder's
equity.
Immediately after the closing of the acquisition and preceding
the acceptance of the private placement investment, the company
will post publicly the new modified financial reports that will
clearly position it in a very appropriate place to accept
comfortably the new investors and adjust to the rapid financial
growth.
Additionally management is planning in the very near future to
upgrade the company to a higher exchange suited to trade Triton's
stock.
FORWARD-LOOKING STATEMENTS This news
release includes forward-looking statements. While these statements
are made to convey to the public the company's progress, business
opportunities and growth prospects, readers are cautioned that such
forward-looking statements represent management's opinion. The
company's operations and business prospects are always subject to
risk and uncertainties.
Contact: Triton Distribution Systems, Inc. Gregory
Lykiardopoulos CEO 415-381-4806
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