MARSHALL HOLDINGS INTL
Marshall Holdings Announces Excess of $7 Million Debt Restructure
11/13/2007
LAS VEGAS, Nov 13, 2007 (BUSINESS WIRE) --
Marshall Holdings International, Inc. (OTCBB: MHII)
The Company announced that it is in the process of restructuring its debt and asset base. The Company is currently in negotiations regarding the restructure of its debt along with realignment of some of its assets which should result in excess of $7 million reduction in debt.
Rick Bailey, President / CEO, said, "The restructure is part of our overall business strategy to position ourselves for future growth and acquisitions. The Company will continue to pursue acquisitions and/or partnerships that can expand our global presence and maintain profitability. The Company has excess of $650,000 inventory on hand that is paid in full and available for retail sales. Our focus will be to improve our inventory turn ratio. The Company will continue its efforts to increase sales, while operating more efficiently."
About Marshall Holdings International, Inc:
The principal activity of Marshall Holdings (MHII) is to distribute whole food nutrition, health and dietary supplements through our internet sales, Distributors, and over 3,500 health food stores. The product line has over 6,000 products, which includes top brands such as Natures Way, and Dr. Christopher, and Twin Labs.
Additional information can be found at:
www.marshalldc.com or www.mhii.net or www.worldhealthdepot.com
FORWARD-LOOKING SAFE HARBOR STATEMENT
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that MHII may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
SOURCE: Marshall Holdings International, Inc.
Marshall Holdings International, Inc. Rick Bailey, 702-317-2400
Copyright Business Wire 2007
Marshall Holdings Announces Excess of $7 Million Debt Restructure
11/13/2007
LAS VEGAS, Nov 13, 2007 (BUSINESS WIRE) --
Marshall Holdings International, Inc. (OTCBB: MHII)
The Company announced that it is in the process of restructuring its debt and asset base. The Company is currently in negotiations regarding the restructure of its debt along with realignment of some of its assets which should result in excess of $7 million reduction in debt.
Rick Bailey, President / CEO, said, "The restructure is part of our overall business strategy to position ourselves for future growth and acquisitions. The Company will continue to pursue acquisitions and/or partnerships that can expand our global presence and maintain profitability. The Company has excess of $650,000 inventory on hand that is paid in full and available for retail sales. Our focus will be to improve our inventory turn ratio. The Company will continue its efforts to increase sales, while operating more efficiently."
About Marshall Holdings International, Inc:
The principal activity of Marshall Holdings (MHII) is to distribute whole food nutrition, health and dietary supplements through our internet sales, Distributors, and over 3,500 health food stores. The product line has over 6,000 products, which includes top brands such as Natures Way, and Dr. Christopher, and Twin Labs.
Additional information can be found at:
www.marshalldc.com or www.mhii.net or www.worldhealthdepot.com
FORWARD-LOOKING SAFE HARBOR STATEMENT
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that MHII may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
SOURCE: Marshall Holdings International, Inc.
Marshall Holdings International, Inc. Rick Bailey, 702-317-2400
Copyright Business Wire 2007
