LEEP, Inc. (Pink Sheets: LPPI), announced today that the company has reached debt settlement agreements with its major institutional, secured and unsecured creditors. Achievement of agreements to eliminate the substantial debt load the company has been carrying has been at the forefront of the business strategy the company has been pursuing since changing management. A spokesman for the company stated, “This is an important milestone for the future of LEEP, Inc., and marks the beginning of a new chapter in the future growth and development of the company. The company has achieved a key objective in management’s quest to become debt free, working with creditors who have been supportive and enthusiastic about the company’s prospects. Settling millions of dollars of long term debt liability, and eliminating the associated debt service, will enable the company to operate with positive cash flow. This also insulates the company in a significant way from economic swings, such as the recession that has gripped the country for the past year. We can now focus the majority of our attention on the diversified sales and marketing opportunities that exist for our product domestically and worldwide. As a result, management is aggressively implementing a marketing program as the next step in its business plan.”

For more information regarding the company, contact John Williams at 604-495-1766, and see our web site at www.leepinc.com.

The "LEEP" name and logo, LeepCoreTM, trademarks, and service marks are the property of LEEP, Inc.

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements regarding future events that involve risks and uncertainties that could cause actual results to differ materially. The Company assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. We refer you to the documents that LEEP, Inc. files from time to time with the Securities and Exchange Commission which contain additional important factors that could cause its actual results to differ from its current expectations and from the forward-looking statements contained in this press release. Disclaimer: The Company is not current in its SEC filings. Management is in the process of bringing the Company’s SEC reporting status current.

LEEP (CE) (USOTC:LPPI)
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