VISUAL TECHNOLOGIES WINS AGREEMENT TO RESTRUCTURE DEBT

Visual Technologies Inc, which moved from Tewkesbury to Lowell, Massachusetts when we weren’t looking, has won agreement for debt restructuring that will eliminate over $10m of its debt and replace it with equity capital: the agreement is contingent on the company winning further equity capital investment of another $9m; failure of the company’s Commuter portable IBM Personalike put it on the rack.

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