Continental Announces Additional Shares for Debt Agreement.TORONTO -- Debt for Shares Conversion Further to its News Release dated September 10, 2004 Continental Cash Technologies Corporation (the "Company") is pleased to announce the approval from certain Debt Holders of the Company to convert additional debt outstanding in the amount of $145,000 into Common Shares of the Company at the rate of $0.15 per Share for a total Debt Conversion amount of $643,350 of which $245,000 is held by Insiders. Conditional upon TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. approval of the Shares for Debt transaction, the Company will issue a total of 4,289,000 Common Shares which Shares will be subject to a minimum four month hold period. About Continental Cash Technologies Corp. The Company operates two subsidiary companies; Continental Asset Management Inc. (CAM) and Health Promotions Strategies Inc. (HPSI HPSI High Pressure Safety Injection HPSI Human-Ported System Interface ). CAM operates white label Automated Teller and Point of Sale Machines and is a preferred supplier of Ingenico Canada Ltd.; a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of one of the world's largest manufacturers of debit and credit point of sale systems hardware. HPSI is a registered gaming equipment supplier providing fundraising services to 150 charitable organizations through its line of "Break Open Tickets". Shares Outstanding: 8,056,593 "The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release" Continental Cash Technologies Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CNT (Carbon NanoTube) See nanotube. ) |
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