FLORHAM PARK, N.J., June 2, 2016 /PRNewswire/ -- Pazoo, Inc. (OTC Pinks: PZOO) is extremely pleased to announce that with the help of a financial partner the Company has paid off and consolidated five convertible notes into one investor's hands. This now eliminates these five different convertible note holders from competing against each other to convert and sell shares into the open market.
It was apparent that each of these convertible note holders felt the need that following conversion they needed to rush to sell shares because there were numerous other convertible note holders' simultaneously converting and selling stock. In essence, it was a competition by these particular note holders to sell before the other note holders and drove the price down. With the sales and new consolidation now complete, there should be a much more orderly market in the trading of Pazoo, Inc. It is our assertion that this should immediately lead to better shareholder valuations as the overall company's revenues continue to grow and expand over the remainder of 2016 and beyond.
Pazoo CEO David Cunic stated, "It is a major relief to have these particular notes consolidated. We are very fortunate to have the relationship that we do with this one committed financial partner. While it was very distressing to see market valuations getting obliterated, I am now very excited at the prospects of building fundamental value through our expanding operations and seeing that fundamental value now translate into increased shareholder value."
About Pazoo, Inc:
Pazoo, Inc. is a company focused on health, wellness and safety. Our focus is to provide best-in-class laboratory testing of cannabis and cannabinoids to protect consumers from impurities, contaminants and other irregularities. Through our wholly owned subsidiaries, Harris Lee and MA & Associates, Pazoo provides industry leading laboratory testing of cannabis. Pazoo is licensed to test cannabis in Nevada, with a focus on expansion into other states. Pazoo licensee Harris Lee Colorado is currently an operating cannabis testing laboratory in Denver, Colorado. Additionally, Pazoo delivers a comprehensive array of health and wellness information on its website www.pazoo.com, and features industry experts from both the health and wellness arena and the pet industry. Lastly, our newly formed wholly owned subsidiary CK Distribution LLC, provides the marketing and sales agent for the distribution of non-controlled hemp products throughout the USA. Non-controlled hemp products are the items utilized by the industry that support grow facilities, infusion companies and dispensaries.
Safe Harbor Statement:
This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as Pazoo, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statement.
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SOURCE Pazoo, Inc.