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.
VISUAL TECHNOLOGIES WINS AGREEMENT TO RESTRUCTURE DEBT
