Eventure Interactive, Inc. Announces the Retiring of $554,459 of Debt as of August 1, 2015 – SBI Investments, LLC and Carebourn Capital, L.P. Join Rider Capital Corporation to Provide Eventure Interactive, Inc. Additional Capital
SBI Investments, LLC and Carebourn Capital, L.P. have Provided Recent Financings Totaling $497,560 to Provide Operating Capital and to Consolidate Existing Convertible Notes, with the Aim of Narrowing the Number of Convertible Debt Holders
COSTA MESA, CA / CRWEPRESSRELEASE / August 3, 2015 /Eventure Interactive, Inc. (OTCMKTS:EVTI), a social application and technology development company, whose mission is to enrich event participation, today announced that it has successfully closed two financings with SBI Investments, LLC, and Carebourn Capital, L.P.
The most recent financing with SBI Investments, LLC, totaled $350,000 and provided for the purchase of existing convertible debentures, along with providing $125,000 in operating capital. The most recent financing with Carebourn Capital, L.P., totaled $147,560 and provided for the purchase of existing convertible debentures, along with providing $70,000 in operating capital. Additionally, the Company is working with SBI Investments, LLC, and Carebourn Capital, L.P. and Rider Capital Corporation for ongoing debt consolidation and operating capital funding.
In total, debt obligations totaling $554,459 as listed on the Company’s latest 10K have been retired as of August 1, 2015.
Eventure understands the strategic importance of minimizing the number of outstanding convertible debentures for conversion into the company’s common stock. “We are pleased to have now partnered with SBI Investments, LLC, Carebourn Capital, L.P., and Rider Capital Corporation to provide working capital and for the purpose of consolidating our convertible debt,” said Michael Rountree, Chief Financial Officer of Eventure Interactive, Inc. “We appreciate the continued support of our shareholders as we move through this process and continue to execute our business plan,” continued Mr. Rountree.
About Eventure Interactive, Inc.
Eventure’s business is to connect people locally for controlled sharing of their lives.
Every day, millions of people are forced to use multiple applications to plan, invite, navigate, capture, organize and share their social and business events. Without organization and a simple retrieval system, sharing and recalling memories are often difficult, and many times non-existent. In addition, currently used techniques of memory sharing are person-to-person as opposed to persons-to-event, so many captured memories never end up being shared in a controlled group environment. Eventure solves for this very problem. Our proprietary technologies are robust, yet simple-to-use which address inefficiencies in the social marketplace by enabling captured memories to be centrally stored and effortlessly shared among event attendees in a secure, real-time environment. From our Social Calendar, to our Wearable Camera Technologies, to our Event based Games, Eventure truly redefines how one creates, curates and organizes life’s most memorable moments.
For more information please visit: www.eventure.com.
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are made in accordance with the Private Securities Litigation Reform Act of 1995. Our actual results may differ materially from those implied in these forward-looking statements as a result of many factors, including, but not limited to, overall industry environment, customer acceptance of our products, delay in the introduction of new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by regulatory or governmental authorities, termination or non-renewal of customer contracts, competitive pressures and general economic conditions, and our financial condition. These and other risks and uncertainties are described in more detail in our most recent annual report on Form 10-K and other reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by applicable laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.
Eventure Interactive, Inc.
Executive Director, Investor Relations
SOURCE:Eventure Interactive, Inc.