BEATRICE, Neb., May 5, 2017 /PRNewswire/ -- Few business topics have generated as much passionate conversation in recent months as the importance of support for American manufacturers. So when Ryan Mitchell, president of Dempsters LLC, an iconic 139 year old Nebraskan farm implement manufacturer read a recent story in the Beatrice Daily Sun stating he had failed to repay a $225,000 LB840 loan to the City of Beatrice, he decided to, as he says, "Get the facts out there to prevent a false impression undermining support for the company."
Mitchell was never interviewed for the original story that ran in the Beatrice Daily Sun on May 1.
Moreover, he informed Beatrice city attorney Gregory Butcher and Tobias Tempelmeyer by email on April 25 that he was working on an alternative source of payment as his first source declined to supply the full amount due to the city.
The record shows that Dempsters paid back a similar LB840 loan in full for $110,000 in August 2015.
Mitchell went on to say, "I don't dispute the fact that the monies owed to the city will not be paid out by the due date."
What he takes issue with is the misleading impression left by an unbalanced story that the company will not honor its obligation to the city.
"I am a retired army officer and I stand by my word. Every dollar owed will be paid back in full."
Dempsters LLC has worked hard to regain its status as an iconic American farm implement and recycling equipment manufacturer, modernizing its operations and expanding its product line.
"We're strong and getting stronger and we've started to hire more people. What's more, we're prepared to compete both here and offshore. All I ask is that our efforts receive a balanced assessment in the press."
Ryan or Steph
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SOURCE Dempsters LLC