U.S. Debt Settlement Inc.
US Debt Settlement Inc.: Signing of a Letter of Intent for an equity investment facility
US Debt Settlement Inc. / Agreement 20.10.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- California, 10/20/2009 -U.S. Debt Settlement Inc. announces the signing of a Letter of Intent for a stand by equity investment facility from GEM Global Equity Management. The EUR7,500,000 proposal, will be used as needed by U.S. Debt to augment capital being raised for both organic growth and acquisition as needed. U.S. Debt anticipates closing the facility by early November 2009. About U.S. Debt Settlement Inc.: U.S. Debt Settlement Inc. (USDS), based in Chatsworth, California, is a specialty financial services company. USDS is incorporated and operating since 2003. As of October 12th 2009, USDS has become the first public company serving the debt settlement industry. The debt settlement industry is experiencing unprecedented growth opportunities. The US consumer debt market has a tremendous volume. More than $ 100 Billion of credit card debt is in default and the number is steady growing. Based on its growth strategy including further acquisitions combined with its unique professional services, USDS is uniquely positioned to take advantage of the market opportunities to become the first brand-recognized company in this industry. For additional information, visit the company's website at www.usdebtsettlement.com or contact Mr. Michael Mann, CEO, email: mmann@usdebtsettlement.com or Tel: +1 888 831 0888. Contact: U.S. Debt Settlement Inc. 21625 Prairie Street 2nd Floor Chatsworth; CA, 91311 USA Michael Mann, CEO Email: mmann@usdebtsettlement.com Web: www.usdebtsettlement.com Tel.: +1 888 831 0888 Fax: +1 888 841 0888 Contact: U.S. Debt Settlement Inc. 21625 Prairie Street 2nd Floor Chatsworth; CA, 91311 USA Michael Mann, CEO Email: mmann@usdebtsettlement.com Web: www.usdebtsettlement.com Tel.: +1 888 831 0888 Fax: +1 888 841 0888 20.10.2009 financial News transmitted by DGAP ---------------------------------------------------------------------------
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