Affordable Telecom Completes Non-Dilutive Debt Funding Agreement.HOUSTON -- Steven H. Bethke, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Affordable Telecommunications Technology Corp. (Pink Sheets:ATCT ATCT Airport Traffic Control Tower (FAA) ATCT Air Traffic Control Tower ATCT Air Traffic Control Transponder ATCT Analog Toll Connecting Trunk ), today announced, that ATCT has concluded an agreement with Stock Charter Group to provide a non-dilutive debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay line of credit to fund ATCT's market development. Bethke stated, "We have concluded all the necessary paper work and will begin drawing on this line of credit in May." Safe Harbor Statement Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company undertakes no duty to update or revise these forward-looking statements. |
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