Laser Energetics, Inc. Announces Financing Arrangement at A .01 Valuation
MERCERVILLE, N.J., April 24, 2019 (GLOBE NEWSWIRE) — Laser Energetics, Inc. (OTC: LNGT) announces that it has entered into a financing agreement with a private investor at a $0.01 valuation. As part of the agreement, the company will not issue toxic debt. Going forward the company will be without toxic debt. Per terms of the agreement, the investor shall remain anonymous.
The Company will immediately begin to execute its new business plan to achieve success, this financing agreement will give the Company the capital to implement its new business plan. The Company is going to layout its new business plan in the coming days.
Robert A. Battis, CEO stated, “I am happy to announce that the Company has entered into this financing arrangement. I am also pleased to announce that LNGT does not have any toxic debt and has no intention of accepting toxic debt. Our focus is to enhance shareholder value for all LNGT Shareholders.”
Safe Harbor Statement:
This release includes forward-looking statements 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. The Company invokes the protections of the Private Securities Litigation Reform Act of 1995. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategies, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings at www.sec.gov. The company is no longer a fully reporting SEC filing company. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Robert A. Battis, CEO
Laser Energetics, Inc.
3535 Quakerbridge Road
Mercerville, NJ 08619