WEST PALM BEACH, FL , March 27, 2019 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB: ALLM) - Alliance BioEnergy Plus, Inc. (“Alliance”) is pleased to report that, other than an ongoing dispute with the Company’s former Controller, less than $50,000 in pre-petition debt remains payable to non-affiliates of the Company in the Chapter 11 case, subject to court approval.
Management has continually expressed the belief that it would be able to reach agreements with its creditors with minimal dilution to existing shareholders. We believe that we are in the final stages of accomplishing this.
Information in this document may constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance BioEnergy Plus, Inc. herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance BioEnergy Plus, Inc. disclaims any obligation to update forward looking statements contained in this estimate, except as may be required by law.
Contact:
Ben Slager, CEO
ben.slager@alliancebioe.com
or Anthony Santelli, COO
Anthony@alliancebioe.com
SOURCE: Alliance Bioenergy Plus, Inc.