Endonovo Therapeutics (OTCQB: ENDV) today announced
the reduction of current liabilities and restructuring of the balance sheet
through the approved modification of the terms of the Preferred C shares.
“Strengthening our balance sheet is a priority we feel is instrumental in our
continued and long-term success. This reduction of debt provides us the
flexibility to expand our sales and marketing initiatives and to further
develop our nationwide reach to hospitals and other medical facilities we have
identified as prospective partners without having financial restraints,”
Endonovo Therapeutics CEO Alan Collier said in the news release. “Additionally,
reducing the debt increases our shareholder equity which is another step
towards our goal of attaining Nasdaq listing requirements as we look to uplist.
Positioning our company by restructuring and reducing debt will allow us to be
in a better position to grow rapidly and capitalize on the increased market
growth we are experiencing and will continue to experience.”
To view the full press release, visit http://ibn.fm/i33Js
About Endonovo Therapeutics
Endonovo Therapeutics is a commercial-stage developer of
noninvasive wearable Electroceuticals(R) therapeutic devices. The Company’s
current portfolio of commercial and clinical-stage wearable Electroceuticals(R)
therapeutic devices addresses wound healing, pain, post-surgical pain and
edema, cardiovascular disease, chronic kidney disease, and central nervous
system (“CNS”) disorders, including traumatic brain injury (“TBI”), acute
concussions, post-concussion syndrome and multiple sclerosis. The Company’s
noninvasive Electroceutical(R) therapeutic device, SofPulse(R), which uses
pulsed short-wave radiofrequency at 27.12 MHz, has been FDA-cleared and CE marked
for the palliative treatment of soft tissue injuries and post-operative pain
and edema and has CMS national coverage for the treatment of chronic wounds.
The Company’s current portfolio of preclinical-stage Electroceuticals(R)
therapeutic devices addresses chronic kidney disease, liver disease
non-alcoholic steatohepatitis (“NASH”), cardiovascular and peripheral artery
disease (“PAD”), and ischemic stroke. The Company’s noninvasive, wearable
Electroceuticals(R) therapeutic devices work by restoring key electrochemical
processes that initiate anti-inflammatory and growth factor cascades necessary
for healing to occur. For more information, visit www.Endonovo.com.
NOTE TO INVESTORS: The latest news and updates
relating to ENDVD are available in the company’s newsroom at http://ibn.fm/ENDV
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