Message #16 From:
NewsBot Date: February 13, 2007 04:30:00 AM
SRII News Speaking Roses Restructures Debt
SALT LAKE CITY--(BUSINESS WIRE)--Speaking Roses International, Inc. (OTCBB:SRII), the company that invented patented flower embossing technology, today announced that creditors holding short-term notes of $3,603,356 (71% of SRII existing debt) have agreed to a long term extension and an additional $1 million line of credit.
“This shows the collaborative effort with our creditors to the long term success of our company,” said Alan Farrell, Speaking Roses CEO.
Speaking Roses products can also be purchased online at www.speakingroses.com, or by calling (606) 678-0200.
About Speaking Roses International, Inc.
With a unique, patented embossing technology, Speaking Roses is able to print customized messages, pictures, photographs and logos directly on flowers and plants without damaging them. This cutting edge technology allows customers to create a personalized gift for any occasion including personal gifts, weddings, funerals, corporate events and promotions. SRII has registered the patent in over 100 countries worldwide. Full-service floral shops are opening in the United States and internationally through the sale of area development rights, franchising opportunities and licensing arrangements.
Editor’s note: High-resolution digital images are available upon request. Press release news feed (RSS) available at www.speakingroses.com/blog.
