$HIPH Financing Deal at .40 Valuation and Retirement of Converts
MAJOR Financing Deal and Retirement announced today read below:
PLAYA VISTA, Calif., Jan. 15, 2019 (GLOBE NEWSWIRE) -- American Premium Water Corporation (HIPH) announces that it has entered into a financing agreement with an institutional investor at a $0.40 valuation, ten times the current market valuation. As part of the agreement, a substantial portion of the Company’s convertible debt will be retired. The retirement will be reflected in the Company’s 1st quarter 2019 financials. Per terms of the agreement, the investor shall remain anonymous.
American Premium CEO Ryan Fishoff, commented, “I am thrilled to announce that the Company has entered into this agreement at a 10x valuation! This is an affirmation of the Company’s business plan and the initiatives it has implemented over the past year. It’s a vote of confidence to the direction of the Company and we will continue to work hard to execute on the business plan to achieve the goals and benchmarks that I laid out for 2019. There is still a tremendous of work to do, but we (the Company) are certainly emboldened by this financing agreement, which will give the Company the capital to implement its 2019 plan. This agreement also meets the Company’s goal to reduce convertible debt and strengthen the balance sheet. This is a win for the Company and our shareholders”
finance.yahoo.com/ne...-hiph-123000956.html
PLAYA VISTA, Calif., Jan. 15, 2019 (GLOBE NEWSWIRE) -- American Premium Water Corporation (HIPH) announces that it has entered into a financing agreement with an institutional investor at a $0.40 valuation, ten times the current market valuation. As part of the agreement, a substantial portion of the Company’s convertible debt will be retired. The retirement will be reflected in the Company’s 1st quarter 2019 financials. Per terms of the agreement, the investor shall remain anonymous.
American Premium CEO Ryan Fishoff, commented, “I am thrilled to announce that the Company has entered into this agreement at a 10x valuation! This is an affirmation of the Company’s business plan and the initiatives it has implemented over the past year. It’s a vote of confidence to the direction of the Company and we will continue to work hard to execute on the business plan to achieve the goals and benchmarks that I laid out for 2019. There is still a tremendous of work to do, but we (the Company) are certainly emboldened by this financing agreement, which will give the Company the capital to implement its 2019 plan. This agreement also meets the Company’s goal to reduce convertible debt and strengthen the balance sheet. This is a win for the Company and our shareholders”
finance.yahoo.com/ne...-hiph-123000956.html
