Artificial Intelligence Technology Solutions Commences To Restructure Debentures
December 11 2018 - 9:20AM
InvestorsHub NewsWire
Reno, NV -- December 11, 2018 -- InvestorsHub NewsWire --
Artificial Intelligence Technology Solutions (AITX: OTCPK) is
pleased to announce that it has restructured approximately $950,000
worth of debentures. These debentures that originally matured
during the year 2018 have now been extended by three years and will
mature during the year 2021. The company is continuing discussions
with debenture holders and expects to restructure more of these
debentures in the near future. “The company’s goal is to
restructure approximately $4,000,000 worth of debentures before the
end of this fiscal year,” said Garett Parsons, President and CEO.
“With almost one million dollars done, we are off to a good start.”
The debenture restructure is effective immediately and will
be reflected in the company’s financial statements for its third
quarter ended November 30th.
The company may post important information about its subsidiary
RAD on its website at www.Robotic AssistanceDevices.com and through
tweets from RAD President and CEO Steve Reinharz
(https://twitter.com/SteveReinharz)
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Statements in this news release other than statements of
historical fact are "forward-looking statements" that are based on
current expectations and assumptions. Forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those expressed or implied by the
statements, including, but not limited to, the following: the
ability of Artificial Intelligence Technology Solutions to provide
for its obligations, to provide working capital needs from
operating revenues, to obtain additional financing needed for any
future acquisitions, to meet competitive challenges and
technological changes, and other risks. Artificial Intelligence
Technology Solutions undertakes no duty to update any
forward-looking statement(s) and/or to confirm the statement(s) to
actual results or changes in Artificial Intelligence Technology
Solutions expectations.
About RAD
Robotic Assistance Devices (RAD) is an innovator in the
delivery of artificial intelligence-based solutions that empower
organizations to gain new insight, solve complex challenges and
fuel new business ideas. Through its next-generation robotic
product offerings, RAD can help organizations streamline
operations, increase ROI and strengthen business. RAD robotics
technology improves the simplicity and economics of patrolling and
guard services, and allows experienced personnel to focus on more
strategic tasks. Customers augment the capabilities of existing
staffs and gain higher levels of situational awareness, all at
drastically reduced cost. RAD robotic solutions are well suited for
use in multiple industries such as enterprises, government,
transportation, critical infrastructure, education and healthcare.
To learn more, visit www.roboticassistancedevices.com or
follow us on Twitter @RADbotsecurity.
Everest Corporate Advisors Inc.702-902-2361 www.everestcorp.net
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