Communication Synergy Technologies Restructures Short-Term Debt
January 11 2005 - 7:53AM
PR Newswire (US)
Communication Synergy Technologies Restructures Short-Term Debt
Arrangement Through Genesee Regional Bank Will Pay Off Debt by 2009
ROCHESTER, N.Y., Jan. 11 /PRNewswire-FirstCall/ -- Communication
Synergy Technologies Inc., (ComSynTech) (OTC:CSYT) a developer of
document management solutions, announced today that it has
restructured $250,000 of short-term bank debt so that it will be
paid off completely in five years. Seth Borg, M.D., chief executive
officer of ComSynTech, said the restructuring is "consistent with
management's commitment to continue to reduce liabilities and
enhance shareowner value." Borg said the company worked with
Genesee Regional Bank on the restructuring plan, which will be
reflected as part of an audited financial statement to be released
later in the first quarter of 2005. About ComSynTech Communication
Synergy Technologies Inc. (ComSynTech) develops and markets
document creation, management and preservation systems for
medicine, industry, finance and government. It's products provide
efficiency, flexibility and improved quality by automating the
creation, capture, management, distribution, archiving,
preservation and retrieval of voice and word documents across
multiple markets. ComSynTech products and development platforms
integrate with and complement existing technologies, accelerating
time-to-implementation. DATASOURCE: Communication Synergy
Technologies Inc. CONTACT: Media - Ron Roberts of Martino Flynn,
LLC, +1-585-421-0100, , or Investor Relations - Michael J.
Perrotta, Chief Operating Officer, +1-585-241-9150, Web site:
http://www.comsyntech.com/
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