SOUTHAMPTON, NJ–(UPTICK Newswire – September 2, 2015) – Liberated Energy Inc. (OTC PINK: LIBE) announces today that it has repaid its outstanding debt with Vis Vires, KBM Worldwide, Inc. and Eastmore Capital, LLC over the past 30 days. The details of the debt can be found in the Company’s 8-K filing today.
Brian P. Conway, CEO of Liberated Energy, said, “Previous management raised over $600,000 in convertible debt, and we have sought to reduce these debts as aggressively as possible. In doing so, we have reduced our debt substantially.”
Mr. Conway reiterated, “Our view of our current debt and capital structure is that Liberated will continue to secure a conventional credit facility to fund its normal course manufacturing and distribution operations. Our acquisition strategy will be executed utilizing a combination of both debt and equity.”
About Liberated Energy Inc.
Liberated Energy Inc. is a diversified energy services holding company delivering conventional as well as non-conventional energy solutions throughout North America. For its customers, Liberated is an energy products and services company reducing the everyday cost of energy to its clients. For its shareholders, Liberated operates and acquires a diverse array of energy products and service companies with proven revenues and operations. Its mission is to be the best small cap energy services company of its kind in North America.
Safe Harbor for Forward-Looking Statements:
This press release may contain forward-looking information. There are many factors that could cause the Company’s expectations and beliefs about its operations, its services and service offerings, its results to fail to materialize. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.
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