With the settlement being finalized, the Company will now remove the related shortfall amount from its book of liabilities as management continues its efforts to clean its balance sheet.
"The Company has strived to clean its balance sheet. We believe extinguishing the related amount of the shortfall in PACE's Claim will bring the Company's balance sheet to nearly zero. The management and directors of the Company are proud of this achievement, which will help the Company emphasize its business growth," stated
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Forward Looking Information:
This news release contains "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements including the Company's ability to be successful in actually cleansing its balance sheet. The statements in this press release are made as of the date of this release. Fintech undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of its securities, financial or operating results (as applicable) or prospects as to the effective implementation of strategies or initiatives or future revenue levels. Fintech disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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