UDS Group Inc. Repays Debt and Becomes Virtually Debt Free
June 15 2007 - 6:00AM
Business Wire
UDS Group, Inc. (Pink Sheets:UDSG) a leader in Delivery Management
Solutions and Management Services today announced they have repaid
$102,269.00. This represents full repayment of principal and
interest debt to Hope Capital and JABRO Funding. The company is now
virtually debt free other than daily operating expenses and
approximately $50,000 which we look to repay in the coming months.
The repayment was in the form of cash and did not involve the
issuance of any stock. Mr. Ryan Coblin, CEO of UDS, commented,
�This announcement is very exciting for UDS. We feel this
represents the financial strengthening of our company. The
repayment of this debt is a very positive move and was completed in
the best interests of our shareholders as we are becoming a more
mature company. We are now focusing servicing our growing client
roster and on new proprietary programs for allowing the ability of
large scale national rollouts.� About Universal Delivery Group,
Inc. Universal Delivery Solutions, Inc. (UDSG.pk)
www.UniversalDelivery.com is the first Company to provide a 100%,
turnkey delivery platform to the service industry throughout North
America (restaurant, retail, other). The system is designed on both
a customer relation management (CRM) system and a service
integrated technology backbone between customers, call center and
the personal industry provider of choice. Legal Notice Regarding
Forward-Looking Statements The statements in the press release that
relate to the company's expectations with regard to the future
impact on the company's results from acquisitions or actions in
development are forward-looking statements, within the meaning of
the Private Securities Litigation Reform Act of 1995. The
statements in this document may also contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Since this information may contain statements that involve risk and
uncertainties and are subject to change at any time, the company's
actual results may differ materially from expected results.
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