Pure Harvest Corporate Group, Inc. announced a positive corporate event has resulted in a significant reduction in corporate debt. The Company and creditors have entered into a settlement agreement, which results in approximately $2.8 million of Senior Debt being removed from the Company's balance sheet. The U.S. District for Wyoming has granted a motion for the dismissal of all claims concerning the debt.

The reduction of $2.8 million in Senior Debt from the corporate balance sheet is one of many goals set by the Board of Directors to strengthen the Company. In addition, Management is seeking additional sources of capital to further reduce and restructure debt and acquire the growth capital required to execute on the many opportunities currently being presented to the Company.