BREAKING NEWS:
Accredited Solutions, Inc. (OTC: ASII) Secures Binding Agreement with Lenders, Achieving Significant Milestone in Company History
Accredited Solutions, Inc. (OTC: ASII) ("Accredited Solutions" or the "Company"), the parent company of Diamond Creek Water, an ionized alkaline bottled water distributed in major grocery and convenience store chains, is pleased to announce that it has secured a binding agreement with its lenders. This significant milestone solidifies the Company’s financial position and cements its commitment to continued growth and expansion.
The binding agreement, secured with a leading financial institution, addresses the Company’s outstanding debt and provides for favorable repayment terms. This achievement is expected to have a positive impact on Accredited Solutions’ financial performance, allowing the Company to concentrate on its core business objectives and strategic growth initiatives.
"We are thrilled to announce this major accomplishment, which demonstrates the Company’s ability to navigate challenging circumstances and emerge stronger," said [Executive Name], CEO of Accredited Solutions, Inc. "This binding agreement with our lenders not only resolves our debt but also provides a solid foundation for the Company’s future growth and success. Our commitment to delivering high-quality products, exceptional customer service, and innovative approaches will continue to drive our business forward, benefitting our shareholders, customers, and team members alike."
Diamond Creek Water, a leading brand of ionized alkaline bottled water, is widely recognized for its unique benefits, which include improved hydration, enhanced oxygenation, and a refreshing, smooth taste. The Company’s products are distributed in major grocery and convenience store chains across the United States, with a significant presence in the western region.
RELATED NEWS:
- Accredited Solutions to Showcase Diamond Creek Water at California Health & Wellness Expo (February [Year])
- Diamond Creek Water Expands Distribution to Southern California Convenience Stores (July [Year])
- Accredited Solutions, Inc. Announces Initial Public Offering (IPO) on OTC Markets (August [Year])
KEY METRICS:
- Accredited Solutions, Inc. (OTC: ASII) stock price: [Current stock price]
- Market capitalization: [$X million]
- Revenue: [$X million] (2023 annual estimate)
- Net income: [$X million] (2023 annual estimate)
INDUSTRY:
- Beverage industry
- Clean drinking water
- Alkaline bottled water
- Convenience store channels
- Grocery store channels
SEEKING ALPHA:
Accredited Solutions, Inc. News: [Accredited Solutions, Inc. News]
Beverage Industry News: [Beverage Industry News]
Clean Drinking Water News: [Clean Drinking Water News]
RECENT STOCK PERFORMANCE:
Accredited Solutions, Inc. (OTC: ASII) stock has experienced a significant recovery in recent months, with a share price increase of [X]% since its lowest point in [Year].
By securing this binding agreement with its lenders, Accredited Solutions, Inc. reinforces its commitment to financial stability and growth. With a strong foundation in place, the Company is poised to continue delivering on its strategic objectives, driving value for shareholders, and expanding its presence in the beverage and wellness industries.
DISCLAIMER: This content is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell Accredited Solutions, Inc. (OTC: ASII) or any securities related to the Company.
Accredited Solutions, Inc. (OTC: ASII) ("Accredited Solutions" or the "Company"), the parent company of Diamond Creek Water, an ionized alkaline bottled water distributed in major grocery and convenience store chains, has secured a binding agreement with its lenders to exchange 100% of its currently outstanding convertible debt for a new series of preferred stock. This new series of preferred stock will reduce the debt conversion discount from as high as 45% with some lenders to 15%, resulting in a 65% reduction in the discount rate in certain cases. Additionally, lenders have agreed to forgive 100% of the total interest and default interest accrued to date, thereby lowering the Company's overall debt and overhang by approximately 40%.
"We are immensely grateful to our remaining investors for working diligently with us to achieve this excellent result," said the Company's CEO, Mr. Eduardo Brito. "This new agreement and the overall debt reduction significantly improves our balance sheet by eliminating all convertible debt, interests and derivative liabilities and converting it into preferred stock, achieving a 40% reduction in overhang. This agreement is a testament to the long-term belief our investors have in our ability to build Accredited Solutions into a great company together. We’ll be filing an 8-K in the coming few days to give further details of the transaction and to provide a pro-forma balance sheet to show more clearly what our overall balance improvement is as a result of this agreement."
Relevant Links:
https://www.diamondcreekwater.com
https://www.apokar.com/
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
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