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Sunrise, FL -
Alaska Pacific Energy Corp Announces Plan To Capitalize The Company & Remove Debts From The Financial Statements.
Miami Fl. July 01, 2015. Alaska Pacific Energy Corp. (PINKSHEETS: ASKE) CEO, Eric Weinberger, is announcing a strategic plan to capitalize the company and remove the debts from the financial statements. The plan involves turning the Company into an acquisition and investment company. One of the strategic goals of the new and improved Alaska Pacific Energy Corporation is to write down most of all the non cash debts. After a thorough due diligence review of the financial statements, Eric Weinberger states, "we have found most of the debts to be for services that have either gone unfulfilled or cannot be accurately quantified. The intention is to write down these debts to zero, or a neglible value as the potential for these notes to be successfully converted even with an issuance resolution, is almost impossible. There are, however some cash debts which are real, that we will attempt to negotiate forced conversions of those notes, so that we can finally retire them. With respect to the equity, the company needs funding, and it is my intent to finance the company from my own personal investments. I will receive restricted convertible preferred stock as compensation for the investments. Additionally we will seek to acquire other profitable companies as subsidiaries, that we may have a private affiliation with at present. "
“We understand this is a process, and there are no quick fixes. It will take time to build the value in this company and repair investor confidence, but we are up to the job” Said Alaska Pacific Energy Corp. CEO Eric Weinberger.
Safe Harbor Statement: This 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 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company’s ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company’s contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
CONTACT: Alaska Pacific Energy Corp.
Eric Weinberger , CEO
www.alaskapacificenergy.com (web site under revision; not totally up to date.)
