09:48 AM EST - Smartcool Systems : announced the successful negotiation of an agreement to reduce the balance owing by the Company to the Vendors of two companies, Smartcool Systems UK Ltd. and Smartcool Systems EMEA Ltd., which were acquired by the Company in 2008 and 2011, respectively. Under this Debt Reduction Agreement, the total debt including interest of $2,916,508 has been reduced to $523,380, payable over five years without interest. The Vendors of these two companies will either be issued preferred shares or promissory notes for the sum of $523,380. Smartcool Systems
shares V.SSC are trading up $0.005 at $0.05.
