HUNTINGTON BEACH, CA, Aug. 17, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- J. Craig Holding Corp., fka Ultra Pure Water Technologies, Inc. (OTC: UPWT), an accelerator and incubator for innovative businesses, intellectual properties and assets, has reached an agreement with the sole noteholder for the debt of $150,000 USD to be forgiven.
CEO Jerry C. Craig stated, “We knew there was some old debt within the company from many years back. Over the last few weeks, I have had numerous calls with the noteholder, going over step by step of how I planned to resurrect the company and carryout my business plans. From day 1, the debt holder was on board and ultimately found it in the best interest of the company to forgive the debt. Now that the company is debt-free, it’s full speed ahead building this business.”
The company has also inquired as to the process of officially changing the company name and ticker symbol in order to accurately reflect the nature of the new business. J. Craig Holding Corp. will continue to announce company directors, its board of advisors and its holdings over the coming days, weeks and months. Our preliminary businesses will be in the sporting equipment and technology industries.
About J. Craig Holding Corp. (OTC: UPWT)
J. Craig Holding Corp. is a California based holding company that focuses on acquisition and support of both distressed and emerging companies within a multitude of industry sectors. The company actively seeks targets in which it can partner with or acquire to accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. For more information visit: www.JCHoldingCorp.com
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