WHIPPANY, N.J., April 27, 2015 (GLOBE NEWSWIRE) — Pazoo, Inc. (OTC Pinks:PZOO) (German WKN#:A1J3DK), is pleased to announce that as of today and more than a week ahead of schedule, the company has completely repaid the total of its obligations on its Convertible Promissory Note to Eastmore Capital LLC. Pazoo announced on April 15 its intentions to pay off Eastmore Capital within the next few weeks. Pazoo made good today on their intentions.
Pazoo is in a very aggressive expansion and growth mode and has plans to accelerate the expansion plans moving forward. In the future, Pazoo may need to finance debt to facilitate and fund this rapid expansion. However, management is very well aware of the effects of dilution and, as demonstrated in our debt paying actions, strives to protect its shareholders. Pazoo firmly believes share valuations will reflect a much stronger fundamental valuation realized through organic growth, potential acquisitions, current site revenues and new possibilities in the future.
Pazoo CEO David Cunic commented, “Raising money to fund expansion and growth is great when it is accretive. We have pared our overhead as low as possible to make sure every dollar is directly invested into the expansion and growth of Pazoo and related subsidiaries. Many big opportunities lay ahead of us and we plan on delivering on everyone of them.”
About Pazoo, Inc.:
Pazoo, Inc. is a company focused on health, wellness and safety. Our focus is to provide best-in-class laboratory testing of cannabis and cannabinoids to protect consumers from impurities, contaminants and other irregularities. Through our wholly owned subsidiary, Harris Lee, and our partnership with MA & Associates, Pazoo provides industry leading laboratory testing of cannabis. Pazoo is licensed to test cannabis in Nevada, with a focus on expansion into other states. Additionally, Pazoo delivers a comprehensive array of health and wellness information on its website www.pazoo.com, and features industry experts from both the health and wellness arena and the pet industry.
Safe Harbor Statement:
This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as Pazoo, Inc. or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe the Company’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statement.
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