Explore Anywhere Holding Corp. Announces Senior Lender Debt Reduction
WABASH, Ind., June 28, 2012 /PRNewswire/ — Explore Anywhere Holding Corp. (OTC/QB: EAHC), specializing in developing computer monitoring solutions for parents, corporations, and educational facilities, is pleased to announce the reduction of one hundred thousand dollars ($100,000) of long-term debt.
In the ongoing effort to improve corporate structure, Explore Anywhere successfully negotiated the reduction of one hundred thousand dollars of debt from its balance sheet. The reduction accounts for approximately twenty percent of the company’s total debt. “In a vote of confidence, our senior lender has agreed to convert a significant portion of debt to equity,” said Explore Anywhere’s CEO Bryan Hammond. Mr. Hammond continued, “Strengthening the balance sheet coupled with last month’s retirement of 14,000,000 shares makes our company much stronger financially. We look forward to sharing other major corporate initiatives with investors and capital markets as we progress to address the need for safer use of today’s increasingly mobile world.”
About Explore Anywhere Holding Corp.
Explore Anywhere specializes in computer monitoring solutions for parents, corporations, and educational facilities. Explore Anywhere’s mission is to provide effective and useful computer monitoring products at affordable prices in an effort to cut down on the dangers of the Internet and the greater community at large. Its solutions implement technologies designed to address a range of emerging online threats.
Statements about our future expectations are “forward-looking statements,” which are not guarantees of future performance. When used herein, the words “may,” “will,” “should,” “anticipate,” “believe,” “appear,” “intend,” “plan,” “expect,” “estimate,” “approximate,” “potential” and similar expressions are intended to identify such forward-looking statements. These statements involve risks and uncertainties inherent in our business, including those set forth in our filings with the Securities and Exchange Commission (SEC), and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.
SOURCE Explore Anywhere Holding Corp.