DDDX news out DX Industries, Inc. Negotiates Debt
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Posted On: 09/07/2017 10:06:56 AM
DDDX news out DX Industries, Inc. Negotiates Debt Reduction of Over One Million Dollars Marketwire "Press Releases"
SEATTLE, WA -- (Marketwired) -- 09/07/17 -- 3DX Industries, Inc. (OTC PINK: DDDX) (the "Company" or "3DX"
announced today that CEO Roger Janssen , has successfully reduced the Company's financial debt obligation by over $1,000,000.00 .
In a significant step towards improving the financial condition of the Company, Mr. Janssen has agreed to forgive accrued compensation due to him in the amount of $387,305 ; further debts owed relating to the purchase of equipment in the amount of $288,366 as well as a reduction in his monthly compensation payable per his employment agreement by $21,000 per quarter.
Earlier this year the Company also successfully negotiated a debt forgiveness agreement with one of its third party debt holders in the amount of $325,320 . Mr. Janssen stated, "In the last 6 months we have successfully reduced the debt on the company's books by over $1,000,000 . It is exciting to have such strong support from our third party debt holders which are allowing us the opportunity to improve the financial condition of the business."
SEATTLE, WA -- (Marketwired) -- 09/07/17 -- 3DX Industries, Inc. (OTC PINK: DDDX) (the "Company" or "3DX"
announced today that CEO Roger Janssen , has successfully reduced the Company's financial debt obligation by over $1,000,000.00 . In a significant step towards improving the financial condition of the Company, Mr. Janssen has agreed to forgive accrued compensation due to him in the amount of $387,305 ; further debts owed relating to the purchase of equipment in the amount of $288,366 as well as a reduction in his monthly compensation payable per his employment agreement by $21,000 per quarter.
Earlier this year the Company also successfully negotiated a debt forgiveness agreement with one of its third party debt holders in the amount of $325,320 . Mr. Janssen stated, "In the last 6 months we have successfully reduced the debt on the company's books by over $1,000,000 . It is exciting to have such strong support from our third party debt holders which are allowing us the opportunity to improve the financial condition of the business."
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