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MSGI SECURITY SOL Message Board

  • cruisetrav cruisetrav Apr 6, 2010 10:43 AM Flag

    retired approximately $15 million in debt

    Jeremy Barbera, Chairman and CEO of MSGI commented; “We have retired approximately $15 million in debt this month, dramatically improving our balance sheet. The company will be able to achieve profitability much faster now that the significant related quarterly interest expenses are behind us. We are also launching our renewable energy business with a clean slate by retiring the vast majority of our historical debt.”