Quest Solution, Inc. and Senior Executives to Redu
Post# of 2559
Posted On: 10/09/2014 9:59:29 AM
Quest Solution, Inc. and Senior Executives to Reduce Debt
Actions to help with potential acquisitions and debt service reduction.
HENDERSON, Nev., Oct. 9, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Quest Solution, Inc, or "The Company"
(QUES), is pleased to announce that several Senior Executives of the Company have agreed to a transaction with the Company.
"Based on our ongoing commitment to Quest Solution, Inc., we are in discussions to convert some of our debt into common stock in Quest Solution, Inc.," stated Kurt Thomet. "While we are still formalizing the final details of the transaction, I am comfortable stating the executed agreement will provide us with a strong stock ownership position in the company, while at the same time reducing the Company's debt."
"We believe that this debt reduction will help with potential acquisitions, bank financing, and investment banking relationships, and relieve the burden of the debt service," stated Jason Griffith, CEO of Quest Solution, Inc. "In furtherance of earlier discussions and conversations related to this transaction, we are excited about what this means for the Company and our shareholders in that it demonstrates significant confidence in the future of the Company by the executives."
"Additionally, our management, operations and sales team have worked extremely hard this year and are excited about preliminary indications of our 3rd quarter results to deliver to our independent auditor to begin our Form 10-Q review process," added Griffith.
For more information http://www.QuestSolution.com
http://finance.yahoo.com/news/quest-solution-...03253.htm
Actions to help with potential acquisitions and debt service reduction.
HENDERSON, Nev., Oct. 9, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Quest Solution, Inc, or "The Company"
(QUES), is pleased to announce that several Senior Executives of the Company have agreed to a transaction with the Company.
"Based on our ongoing commitment to Quest Solution, Inc., we are in discussions to convert some of our debt into common stock in Quest Solution, Inc.," stated Kurt Thomet. "While we are still formalizing the final details of the transaction, I am comfortable stating the executed agreement will provide us with a strong stock ownership position in the company, while at the same time reducing the Company's debt."
"We believe that this debt reduction will help with potential acquisitions, bank financing, and investment banking relationships, and relieve the burden of the debt service," stated Jason Griffith, CEO of Quest Solution, Inc. "In furtherance of earlier discussions and conversations related to this transaction, we are excited about what this means for the Company and our shareholders in that it demonstrates significant confidence in the future of the Company by the executives."
"Additionally, our management, operations and sales team have worked extremely hard this year and are excited about preliminary indications of our 3rd quarter results to deliver to our independent auditor to begin our Form 10-Q review process," added Griffith.
For more information http://www.QuestSolution.com
http://finance.yahoo.com/news/quest-solution-...03253.htm
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