Zenergy Brands, Inc. Begins Executing Its Balance Sheet Clean-up
Plan by Paying off a Sizeable Portion of the Company's Convertible
Debt Obligations
DALLAS, TX, Jan. 10, 2018 -- InvestorsHub NewsWire --
Zenergy Brands, Inc. (OTCQB: ZNGY), the nation's leading
next-generation utility operating in the emerging smart energy and
energy conservation industries, announced today that it has
officially started cleaning up its balance sheet.
This is consistent with the Company’s business objectives for
the first quarter of 2018 as communicated in its recent end of
year Shareholder Newsletter. Alex Rodriguez, CEO of Zenergy
Brands, Inc., said, “Cleaning up the balance sheet is one of three
major objectives for us this quarter. I look forward to continuing
to chip away at these types of debt obligations, while
simultaneously introducing our company’s products and services to
the marketplace.”
The Company made its first major step toward this objective by
paying off over $100,000 of convertible loans before the debt is
converted into shares of ZNGY common stock.
Rodriquez added, “As we grow and get healthier, we gain
increased freedom and flexibility to fulfill more Zero Cost
installations, which, of course, allows us to start achieving our
revenue goals for this year.”
Zenergy Brands, Inc. continues to work diligently to provide
long-term value for the Company and its shareholders alike by
increasing revenues and executing its clearly defined growth plan
that would allow ZNGY to become the premier source of smart energy,
sustainability, and micro-grid solutions for commercial,
industrial, and municipal customers across North America.
ABOUT ZENERGY BRANDS, INC.
Zenergy Brands, Inc. (OTCQB: ZNGY), is a next-generation
energy and technology company operating in the emerging smart
energy/utility industry. The Company provides energy conservation,
smart controls, and efficiency-based products and services as a
fully-integrated energy company. Zenergy is a public company, fully
reporting to the SEC and currently trading on the OTCQB, a venture
market designed for early-stage and developing U.S. and
international companies. To learn more,
visit www.zenergybrands.com.
Twitter: @ZenergyBrands
Instagram: @ZenergyBrands
YouTube: Zenergy Brands
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. The
words “believe,” “expect,” “should,” “intend,” “estimate,”
“projects,” variations of such words and similar expressions
identify forward-looking statements, but their absence does not
mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company's current
expectations and are subject to a number of risks, uncertainties,
and assumptions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed
or implied by such forward-looking statements are risks that are
detailed in the Company's filings, which are on file
at www.OTCmarkets.com.
INVESTORS & MEDIA CONTACT:
Email: investors@zenergybrands.com
Phone: (469) 228-1400
Fax: (469) 626-5101