Communication Synergy Te... (CE) (USOTC:CSYT)
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Communication Synergy Technologies Restructures Short-Term Debt
Arrangement Through Genesee Regional Bank Will Pay Off Debt by 2009
ROCHESTER, N.Y., Jan. 11 /PRNewswire-FirstCall/ -- Communication Synergy
Technologies Inc., (ComSynTech) (OTC:CSYT) a developer of document management
solutions, announced today that it has restructured $250,000 of short-term bank
debt so that it will be paid off completely in five years.
Seth Borg, M.D., chief executive officer of ComSynTech, said the restructuring
is "consistent with management's commitment to continue to reduce liabilities
and enhance shareowner value."
Borg said the company worked with Genesee Regional Bank on the restructuring
plan, which will be reflected as part of an audited financial statement to be
released later in the first quarter of 2005.
About ComSynTech
Communication Synergy Technologies Inc. (ComSynTech) develops and markets
document creation, management and preservation systems for medicine, industry,
finance and government. It's products provide efficiency, flexibility and
improved quality by automating the creation, capture, management, distribution,
archiving, preservation and retrieval of voice and word documents across
multiple markets. ComSynTech products and development platforms integrate with
and complement existing technologies, accelerating time-to-implementation.
DATASOURCE: Communication Synergy Technologies Inc.
CONTACT: Media - Ron Roberts of Martino Flynn, LLC, +1-585-421-0100,
, or Investor Relations - Michael J. Perrotta, Chief
Operating Officer, +1-585-241-9150,
Web site: http://www.comsyntech.com/