AccessKey IP, Inc. (Pink Sheets:AKYI) announced today that the Company has finalized the restructuring of its long term debentures in an effort to prepare AccessKey for the future growth of its businesses and the listing of the company on the OTC/BB.
AccessKey IP's Chairman, CEO, George Stevens, stated, "We have reviewed the outstanding liabilities of AccessKey and have successfully restructured the remaining Company debts and debentures. Under the new agreements, the maturity dates have all been extended to September 2010 which will give the company an extended period or additional period to execute its business plans for both TeknoCreations and AccessKey without the immediate burden of repaying prior debt." Stevens continued, "The prior commitments were onerous with floorless conversion rights and were convertible by the note holder.
