WHIPPANY, N.J., April 24, 2015 (GLOBE NEWSWIRE) — Pazoo, Inc. (OTC Pinks:PZOO) (German WKN#: A1J3DK), is pleased to announce that as of today, the company has completely repaid the total of its obligations on its Convertible Promissory Notes to Union Capital LLC. Pazoo announced on April 15th its intention to pay off Union Capital within ten days’ time. Pazoo made good today on its intentions. Pazoo’s next steps will be to pay off the Eastmore Capital Note within the next few weeks.
Pazoo felt it’s extremely important to let shareholders and the public know that it continues to meet its commitments, and assure the public that Pazoo is taking affirmative steps to prevent any conversions of these Notes into free trading shares of the company’s common stock. With several Notes now retired, Pazoo continues working towards building important relationships with more traditional financing sources.
Additionally, Pazoo’s Harris Lee, LLC management team is moving quickly to find a location in the Portland, Oregon area to start the build out of its Oregon testing lab. Also, Pazoo has narrowed down several target states for Harris Lee’s next expansion.
Pazoo CEO David Cunic commented, “We are very excited about our progress and couldn’t be more proud about how we are growing from a developmental stage company to a growth stage company. We are currently making leaps and bounds in the right direction. Our new financial consultant has been a great asset to the company and has helped already to establish new controls and procedures.”
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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