Additionally, the agreement reduces the city's
long term liability for unfunded retiree health costs.
2 million of debt from a
long term liability to a current liability in the consolidated balance sheet as of December 31, 2005.
This other
long term liability was relieved through an increase in the number of shares outstanding by 6,000,000 shares.
They are extremely concerned about
long term liability of their clients, further demonstrating our ability to address such concerns.
The canceled
long term liability, which was non-interest bearing and collateralized by equipment, had been with a lender who could realize repayment solely in connection with placing business, which would be heavily discounted, with the Company over a previously agreed upon period of time which expired Sept.
