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MDKM Mdechem Inc (CE)

0.000001
0.00 (0.00%)
28 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mdechem Inc (CE) USOTC:MDKM OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 00:00:00

MDEChem, Inc. Completes Unaudited Balance Sheet for Year Ending 2006/All Debt Forgiven by EnviroFuels, LLC

11/05/2006 3:15pm

Business Wire


Mdechem (CE) (USOTC:MDKM)
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MDEChem, Inc., (the Company) (PINK SHEETS:MDKM) is pleased to present to its shareholders and all interested parties an update in it's May 10, 2006 Balance Sheet and its relationship with EnviroFuels LLC of Houston. For the period ending 5/10/2006, MDEChem Inc. released details of its unaudited Balance Sheet showing very positive developments in its association with EnviroFuels LLC. The Balance Sheet showed forgiveness of the note due including interest owed. In addition EnviroFuels, LLC is permitting MDEChem to convert the Company's common units for Class A units. These Class A units are like preferred stock with a higher value than the common units and emphasize greater shareholder rights. The Balance Sheet (unaudited) may be viewed at http://www.investments101.com/MDEChem_BalSheet.html. It is expected that an audited Balance Sheet will become available when the K-1 for 2005 that is referenced on the Balance Sheet is received from EnviroFuels. It can be assumed however that the conversion will be positive to the Balance Sheet. "The forgiveness of our Note and accrued interest plus the conversion of the EnviroFuel units is a very positive development for MDEChem and its shareholders. These actions are allowing us to proceed with our plans to manufacture and market MaxHeal products in the United States this year." stated MDEChem, Inc. President Paul Sack. Safe Harbor Notice This document contains "forward-looking statements" as provided in the Securities Act of 1933 and the Securities Exchange Act of 1934. MDEChem, Inc. believes that the expectations reflected in the above statements are reasonable, but no assurances can be given that they will prove correct. Statements made herein are not a guarantee of future corporate or stock performance. This information should not be construed as investment advice. All information is believed to be reliable, but cannot be guaranteed. The above information is not a solicitation to buy or sell securities. Always consult with a registered investment professional prior to investing.

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