Tonner-One World Holdings, Inc. Announces Settlement of $441,163 in Convertible Debt

Rhea-AI Summary

Tonner-One World Holdings, Inc. (OTC PINK:TONR) announced the settlement of $411,163 in convertible notes and $250,000 in promissory notes for less than 10% of their face value during the week of March 6. CEO Corinda J. Melton emphasized this achievement as part of a strategic focus on reducing debt, surpassing an initial goal of $200,000 within the first week of her reappointment. The company is an emerging growth entity exploring digital commerce initiatives in finance, IP licensing, cryptocurrency, and NFTs.

Positive

• Successfully settled $411,163 in convertible notes and $250,000 in promissory notes for under 10% of their face value.
• Exceeded the initial debt settlement goal of $200,000 within the first week of CEO Corinda J. Melton's tenure.

Negative

• None.

News Market Reaction – TONR

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In the trading session that priced this news, TONR declined 27.78%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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KATY, TX / ACCESSWIRE / March 14, 2022 / Tonner-One World Holdings, Inc. (OTC PINK:TONR) The company is pleased to announce that during the week of Mar 6, a total of $411,163 in convertible notes and $250,000 in promissory notes were settled for less than 10% of their face value.

"When I was re-appointed as CEO of Tonner-One World, my first directive to the team was making convertible debt and promissory note settlement a primary focus for the next six months," stated Corinda J. Melton, CEO. "My goal was to settle at least $200,000 of debt my first week in office and thanks to my amazing team and the relentless efforts of our Co-founders, we far exceeded that number. We will continue to deliver on our promise to reduce debt at a rapid pace." She added.

About Tonner-One World Holdings, Inc.

Tonner-One World Holdings, Inc. is an emerging growth company that is expanding into the world of digital commerce initiatives in finance, IP licensing, crypto-currency and high value NFTs.

For more information, log onto the company's official Twitter account https://twitter.com/tonnerOWInc. Email: info@tonnerow.com

Notice Regarding Forward Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements.

SOURCE: Tonner-One World Holdings, Inc.

View source version on accesswire.com:
https://www.accesswire.com/692862/Tonner-One-World-Holdings-Inc-Announces-Settlement-of-441163-in-Convertible-Debt