ANPATH GROUP INC (OTC:APGR)

WEB NEWS

Wednesday, October 19, 2011

Research

We will track the APGR story since we have had tremendous success investing in companies that have emerged from Chapter 11 bankruptcy. We Still need to locate pro forma financials that take into account restructured/improved balance sheet.

MOORESVILLE, NC (December 27, 2010) Anpath Group, Inc. (OTCBB: ANPG), (“Anpath Group”, or the “Company”), announced today its successful emergence from its Chapter 11 restructuring. In May Anpath Group filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware. The company secured debtor-in-possession financing from several lenders, including the Company’s existing senior secured note holder, to continue ongoing operations during the reorganization process. Commercialization of its broad range of commercial and industrial infection prevention technologies had taken the Company much longer than anticipated. The company's plan of reorganization was confirmed on November 22, 2010 by the Hon. Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware. “Anpath emerges from bankruptcy with good liquidity, no long-term debt and lower overhead costs”, stated J. Lloyd Breedlove, President and CEO. “Moreover, we now have more time to execute our plans to exploit our technology and resultant infection prevention products designed to prevent the spread of infectious microorganisms that produce harmful effects on people, equipment and the environment. We believe our action, which has been made possible by the support of our senior lenders, will, in the long run, provide the best chance for all parties vested with an interest in the Company to realize the Company’s potential”.



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