Relief of debt in preparation for capital raise
LAS VEGAS, NV / ACCESSWIRE / May 3, 2019 / Scepter Holdings, Inc. (the "Company" or "Scepter Holdings") (OTC PINK:BRZL) is pleased to announce the posting of financials for years ending March 31, 2019 and 2018. The company has recently exited a restructuring which involved a recapitalization of the company's debt in preparation for a capital raise and future asset acquisitions.
"We are pleased to have been successful in working with the Company's debtors which puts the Company in a position to raise further capital and make some ground breaking acquisitions," stated Robert Van Boerum Chairman of the Board.
About Scepter Holdings, Inc.
Scepter Holdings, Inc. manages the sales and brand development of high-performance consumer packaged goods. The company seeks to acquire performing brands to add to the company's portfolio of products and brands sold online and through strategic retail relationships. The company has expertise manufacturing, distributing, marketing, and selling online consumer packaged goods and seeks to leverage its expertise to grow additional acquired brands. Scepter Holdings, Inc. (the "Company") was incorporated under the laws of the State of Nevada on January 11, 2007.
For more information, please visit our website: http://scepterbrands.com
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Scepter Holdings, Inc. filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates,"
potential," or "continue" and variations or similar expressions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
CONTACT:
Investors Contact:
775-296-5768
[email protected]
SOURCE: Scepter Holdings, Inc.