CENTERVILLE, Mass., Feb. 6, 2012 /PRNewswire/ -- UV Flu Technologies, Inc. (OTCBB: UVFTD) (the "Company") is pleased to announce it is ahead of schedule in its continuing program to eliminate all debt. On February 3, 2012, the Company notified Asher Enterprises, LLC, that the remaining and final convertible note, in the amount of $32,500 would be paid off in cash.
"The progress we have made in the last twelve months is nothing short of extraordinary," said Jack Lennon, President of UV Flu. "One year ago, our notes and accounts payable amounted to almost one-million dollars. With the payoff of this note, the $118k note and other reductions in notes and accounts payable, we anticipate having total debt and accounts payable at levels 90-95% below that of a year ago."
"Our program with furniture stores continues to move forward, with display kiosks and advertising materials now in production," said Mr. Lennon. "We are shipping product to India, Oman, Tunisia, and are still working out details with distribution in China and Italy. We are aggressively pursuing American hospitals with a variety of distributors, including Grainger, Inc, and expect 2012 sales to be significantly higher."
Further details regarding the Company's business, acquisitions, financial reports and agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit: www.uvflutech.com.
About UV Flu Technologies, Inc. (OTCBB: UVFT)
UV Flu Technologies is an innovative developer, manufacturer and distributor of bio technology products initially targeting the rapidly growing Indoor Air Quality ("IAQ") industry sector (over $7.7 billion in 2008). The Company manufactures the ViraTech UV-400, which utilizes high-intensity u
|SOURCE UV Flu Technologies, Inc.|
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