OPMG, Options Media Group Holdings, Inc. (OTC Bulletin Board: OPMG) has recently announced the restructuring of large portion of the company's debt. The debt holders have made an agreement with OPMG to convert $1,410,000 of debt into convertible preferred stock. The same note holders have exchanged $309,000 of debt due on December 31, 2009 for $309,000 in convertible notes due February 12, 2010. The company is currently undergoing negotiations in order to convert the remaining debt into equity.
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About Options Media Holdings, Inc. (OTCBB: OPMG)
Options Media Group Holdings, Inc. is an email services provider for on-demand e-mail marketing to create, send, and track professional and permission-based e-mail marketing campaigns. Additionally, Options Media provides precision direct marketing solutions including email marketing, sms/mobile marketing, sms/keyword marketing, custom lead generation and creative services.
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