Business
ALKM Announces Growing Revenue On Balance Sheet and Operational Improvements
ALKM Announces Growing Revenue On Balance Sheet and Operational Improvements.
About this update from Alkame Holdings, Inc.
[{"type":"text","content":"\n\n\n\nALKM Announces Growing Revenue On Balance Sheet and Operational Improvements\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nALKM Announces Growing Revenue On Balance Sheet and Operational Improvements\nPR Newswire\nLAS VEGAS, April 5, 2022\n\n\n\nLAS VEGAS, April 5, 2022 /PRNewswire/ -- Alkame Holdings, Inc. (OTC PINK: ALKM), is pleased to provide a corporate update.\nValued shareholders,\nAs the first quarter of 2022 has come to an end, we would like to take this opportunity to provide an update of what has been happening with our company since our last corporate update for the fourth quarter 2021.\nThere are several exciting and positive updates that we are pleased to share with you.\nAs we mentioned in our last corporate update, one of our goals was to continue to reduce our corporate debt and we continue to do so. We recently settled a $500,000 + dispute over an equipment transaction for the West Salem Facility. We replaced that debt with a new third party $100,000 UCC-1 assumption on the equipment under the terms of our credit facility note. We also structured a deal to buyout $280,000 of equipment for the West Salem Facility and have already paid $100,000 towards that purchase. The remaining balance is to be paid by end of august 2022. Our corporate debt has been reduced by over $1,000,000 this past quarter.\nWe continue to work hard to increase our revenues, enabling us an opportunity to further reduce our debts from cash flow. The heightened demand for Food & Beverage co-packing and contract manufacturing line time space currently plays very well for us. With line time scarce in the industry, we are in a unique situation to be selective in the inquiries that we continue to receive from small to medium size companies, to even large major household name brands. This leads us to another of our corporate goals of increasing our revenues and cash flow situation to further reduce debt obligations.\nWe made major changes to our operational model this year. We no longer act as the \"bank\" for our customers or clients. Previously, we were purchasing our...