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Tech Laboratories, Inc. Announces Debt Restructuring Plan; Company Reaches Agreement With Lender -- No Longer In Default.

Publication: PR Newswire
Publication Date: 27-OCT-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Tech Laboratories, Inc. (BULLETIN BOARD: TCHL) today said it has reached an agreement with its senior lender to restructure its debt. As a result of this agreement, the Company is no longer in default under the terms of its convertible notes with its lenders and will not face impending foreclosure.

The Company manufactures, markets and sells patented...

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