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Ensurge Completes Debt Restructuring
CLARK COUNTY, Nev., Dec. 23 /PRNewswire/ -- As a follow-up to its December 4th press release, Ensurge, Inc. announced today that it has completed the conversion of over $1.9 million in outstanding debt into equity. The conversion resulted in the issuance of approximately 25.5 million restricted shares of common stock. The conversion of outstanding debt into common stock will be reflected in the Company's next periodic filing for the period ending December 31, 2009. As part of its new business direction, the Company is currently investigating gold mining claims and properties in South America. Though no decisions have been made with regards to specific properties or projects, the Company currently anticipates entering into a preliminary agreement during the first quarter of 2010.
Forward Looking Statements
This press release contains forward-looking statements regarding the future results and performance of Ensurge, Inc. including statements regarding revenue, growth and market development. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements. The realization of any or all of these expectations is subject to a number of risks and uncertainties and it is possible that the assumptions made by management may not materialize. Statements in this press release may involve risks and uncertainties; actual results may differ from the forward-looking statements. Sentences or phrases that use such words as "believes," "anticipates," "plans," "may," "hopes," "can," "will," "expects," "is designed to," "with the intent," "potential" and others indicate forward-looking statements, but their absence does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly release any revisions to forward-looking statements.
SOURCE Ensurge, Inc.
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