DENVER, CO--(NewMediaWire - Jan 31, 2017) - Ubiquitech Software
Corp. (OTC PINK: UBQU) is pleased to announce that it has
successfully paid down $65,000 of debt through excess cash flow.
The company will continue with this process throughout the year as
it monitors the best use of cash in the coming quarters.
This previously incurred debt was used for research and
development, inventory reserve, and marketing. Paying off this debt
gives the company additional monthly positive cash flow and helps
improve the company balance sheet moving forward.
"We are very happy to have this portion of debt behind us now,"
said James Ballas, CEO "and moving forward this increases our
monthly cash flow that can be accumulated to purchase inventory or
pay down additional debt as we manage the additional growth of the
company. We will continue to do what is best for the company's
growth, our customers, our stock, and our shareholders, and we will
always to operate in this manner."
The company continues to position itself for accelerated growth
quarter over quarter and successful debt management is an integral
component to company growth.
About Ubiquitech (HempLife Today™)
Ubiquitech Software Corp, through its subsidiaries is a dynamic
multi-media, multi-faceted corporation utilizing state-of-the-art
global internet marketing, Direct Response (DRTV) Television,
Radio, and traditional marketing, to drive traffic to the new and
emerging multi-billion dollar industries like its subsidiary
HempLifeToday.com™
HempLifeToday™ focuses on the exciting and dynamic new thinking
in the world today that recognizes the important health and life
enriching enhancement that CBD Oil from the Hemp plant can bring.
Through its network of quality USA growers HempLifeToday.com™ has
developed multiple and proprietary CannazALL™ CBD oil products that
include; It's popular CBD Tinctures, Oils, GelCaps, CBD Powder,
Skin Salve, Wax Crumble, and e-liquid, all offered @ www.HempLifeToday.com
This press release contains forward-looking statements. Words
such as "expects", "intends'', "believes'', and similar expressions
reflecting something other than historical fact are intended to
identify forward-looking statements, but are not the exclusive
means of identifying such statements. These forward-looking
statements involve a number of risks and uncertainties, including
the timely development and market acceptance of products and
technologies, the ability to secure additional sources of finance,
the ability to reduce operating expenses, and other factors
described in the Company's filings with the OTC Markets Group. The
actual results that the Company achieves may differ materially from
any forward-looking statement due to such risks and uncertainties.
The Company undertakes no obligation to revise or update any
forward- looking statements in order to reflect events or
circumstances