Imagination TV Inc. Satisfies Over $120,000 in Creditor Debt from 2014 & 2015
June 05 2018 - 8:05AM
InvestorsHub NewsWire
Casper,
WY -- June 5, 2018 -- InvestorsHub NewsWire -- Imagination TV Inc.
(OTC:
IMTV) is pleased to announce that in accordance with the terms
of a Settlement Agreement with a creditor, it has fully satisfied
Promissory Notes (the “Notes”) representing $123,874.67 in creditor
debt from 2014 & 2015 (the “Debt”). The Debt was
satisfied with a discounted settlement amount, thereby eliminating
any further contractual obligations under the Notes.
Juan
Areco, CEO of Imagination TV commented, “We are pleased to have
satisfied $123,874 of the Company’s debt, which is a first step in
cleaning up our cap structure.”
About Imagination TV
Inc.
Imagination TV Inc. is a publicly traded online media and
entertainment company with a focus on the Music & Live Event
industries. www.ImaginationTV.co,
Instagram: https://www.instagram.com/imaginationtv_imtv/
Twitter: https://twitter.com/ImaginationTVCo
Forward-Looking
Statements:
Statements made in this press release that
express the Company or management's intentions, plans, beliefs,
expectations or predictions of future events, are forward-looking
statements. The words "believe," "expect," "intend," "estimate,"
"anticipate," "will" and similar expressions are intended to
further identify such forward-looking statements, although not all
forward-looking statements contain these identifying words. Those
statements are based on many assumptions and are subject to many
known and unknown risks, uncertainties and other factors that could
cause the Company's actual activities, results or performance to
differ materially from those anticipated or projected in such
forward-looking statements. The Company cannot guarantee future
financial results; levels of activity, performance or achievements
and investors should not place undue reliance on the Company's
forward-looking statements. No information contained in this press
release should be construed as any indication whatsoever of the
Company's future financial performance, future revenues or its
future stock price. Because we are presently only in
negotiations with the other party referenced above, there are no
assurances that a final written agreement will be consummated.
The forward-looking statements contained herein represent the
judgment of the Company as of the date of this press release, and
the Company expressly disclaims any intent, obligation or
undertaking to update or revise such forward-looking statements to
reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statements are based.
Contact:
Email:
investors@imaginationtv.co
+1(307)201-0602
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