LiveWire Ergogenics, Inc. Files Form 8-K Announcing Entry Into a Material Definitive Agreement
September 09 2013 - 9:00AM
Marketwired
LiveWire Ergogenics, Inc. (OTCQB: LVVV) announces certain material
changes detailed in a Form 8-K, filed with the SEC.
In the 8-K LiveWire announced that pursuant to agreements with
two of its lenders that the company had retired two convertible
promissory notes by paying the sum of $40,000.00 to the two
noteholders.
It was also announced that on September 3, 2013, Bill Hodson,
the chief executive officer, and Brad Nichols, the president of
LiveWire Ergogenics, Inc., agreed with the registrant to forgive
any cash debt that is currently showing as a liability to LiveWire
Ergogenics, Inc. regarding their personal deferred salaries to
date, the total amount of which is $460,667.00, and shall no longer
hold the registrant responsible for payment of that amount.
In addition, Messrs. Hodson and Nichols agreed to change the
terms of their employment agreements to a salary of $1.00 per year.
All other details of their employment agreements shall remain in
full effect.
LiveWire Additional SEC Filing: The
company filed a Form 4 on August 29, 2013 stating the purchase of
100,000 shares at an average price of 0.0143 by CEO Bill
Hodson.
About LiveWire Ergogenics, Inc. (OTCQB:
LVVV) and LiveWire Energy™ Chews LiveWire
Energy™ chews are manufactured in Anaheim, California by LiveWire
Ergogenics Inc., the first company to market a full-flavored, soft
"energy" chew packed with both B vitamins and up to 120 mg of
time-released caffeine.
Designed for consumers with an action-packed lifestyle, LiveWire
Energy™ chews are pocket-sized, portable alternatives to bulky
energy drinks or shots. Available in seven different flavors, the
Company's grab-n-go packaging responsibly displays the amount of
caffeine in each chew, including Citrus Mango (90 mg caffeine),
Pomaberry (90 mg caffeine), Chocolate (100 mg caffeine), Mint
Chocolate (120 mg caffeine), Sour Apple (90 mg caffeine), Cinnamon
Fire (90 mg caffeine), and Coffee (100 mg caffeine).
LiveWire Ergogenics Inc. was formed in 2008 and its products are
available for purchase at thousands of retail outlets nationwide or
are available online at: http://www.livewireenergy.com
For additional information: Telephone:
877.678.7169 Email: info@livewireenergy.com Facebook:
http://www.facebook.com/LiveWireEnergychews Twitter:
http://twitter.com/#!/EnergyChews Investor Information visit
http://www.otcmarkets.com/stock/LVVV/quote
Safe Harbor Forward-Looking Statements To
the extent that statements in this press release are not strictly
historical, including statements as to revenue projections,
business strategy, outlook, objectives, future milestones, plans,
intentions, goals, future financial conditions, future
collaboration agreements, the success of the Company's development,
events conditioned on stockholder or other approval, or otherwise
as to future events, such statements are forward-looking, and are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements contained in this release are subject to certain risks
and uncertainties that could cause actual results to differ
materially from the statements made.
INVESTOR RELATIONS CONTACT Bill Hodson LiveWire Ergogenics,
Inc. 714-940-0155 Email: Email Contact
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