Posted On: 07/21/2016 10:26:10 AM
Post# of 8802
"All retail stores continuing to operate in ordinary course."
"In doing so, UMS LLC is moving forward to implement its financial restructuring plan, which is intended to significantly reduce debt and other liabilities, provide maximum recoveries for creditors and cause no interruption of its carrier master dealer operations. All retail stores operated by UMS LLC are open for business and continuing to operate in ordinary course.
"Our retail units across the country are open and will operate without interruption throughout the reorganization process," said David Lee, President of iTalk. "The resulting deleveraging is expected to strengthen UMS LLC's balance sheet, creating a strong and sustainable capital structure and maximizing shareholder value."
http://finance.yahoo.com/news/italk-inc-subsi...00724.html
"In doing so, UMS LLC is moving forward to implement its financial restructuring plan, which is intended to significantly reduce debt and other liabilities, provide maximum recoveries for creditors and cause no interruption of its carrier master dealer operations. All retail stores operated by UMS LLC are open for business and continuing to operate in ordinary course.
"Our retail units across the country are open and will operate without interruption throughout the reorganization process," said David Lee, President of iTalk. "The resulting deleveraging is expected to strengthen UMS LLC's balance sheet, creating a strong and sustainable capital structure and maximizing shareholder value."
http://finance.yahoo.com/news/italk-inc-subsi...00724.html
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