DELRAY BEACH, FL--(Marketwired - May 22, 2014) - Protext Mobility (
"Our nation is in the midst of a safety crisis when it comes to distracted driving. We are pleased that the auto dealer industry not only recognizes the need for our solution, but also is embracing DriveAlert as THE product to answer that need. East Hills Chevrolet is an award-winning auto dealer, and we are proud to be partners with a company that is so dedicated to the safety and satisfaction of their customers," Mr. Berman went on to say.
The Company is also pleased to announce that it has repaid and retired 100% of convertible notes held by Asher Enterprises, Inc. in principal amounts totaling $47,393 USD. Including accrued interest and contractual buyout provisions the debt was officially retired for $65,000 USD. Therefore, there will be no more conversions owed to Asher in conjunction with these notes and the corresponding debt has been removed from the Company's balance sheet. "Management is committed to advancing the financial health of our Company in a sustainable manner, and removing this debt is an important milestone toward that end," concluded Mr. Berman.
About Protext Mobility, Inc.
Protext Mobility (
About East Hills Chevrolet
At East Hills Chevrolet, we pride ourselves in providing the highest quality of service imaginable. We don't just try and sell you a car, we help you buy one. Our promise is to match or beat any valid offer while continuing to provide you with complete satisfaction before, during, and after the sale. At East Hills, our mission is to provide you with a simple and pleasant experience, whether you buy or not. We can assure you that as a potential East Hills Customer, we will make every effort to help make your next new or used car purchase a confident one. For more information about East Hills Chevrolet, please visit their website at http://www.easthillschevrolet.com
Disclaimer: The press release may include certain statements that are not descriptions of historical facts but are 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. These forward-looking statements are identified by words such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms and include statements regarding the potential impact of our new Drive Alert solution and the market opportunity for our new Drive Alert solution. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information, including information regarding financial statements, is based upon various reasonable assumptions made by, and expectations of, our management. All such assumptions are inherently subject to significant economic and competitive uncertainties and beyond our control and contingent upon assumptions with respect to the future business decisions, which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein. The Company has no obligation to update these forward-looking statements.