PHOENIX, AZ / ACCESSWIRE / February 22, 2021 / Alpine 4 Holdings, Inc. (OTCQB:ALPP), a leading operator and owner of small market businesses, is pleased to announce plans to retire $12.8 million in both short and long term debt in its first-round debt payoffs.
Kent Wilson, CEO of Alpine 4, had this to say, 'From the beginning, we built the company on a Leverage Buy-Out model. We did this to maintain the integrity of our equity and avoid having a multibillion share, share structure. I always knew that our PPS would grow to a point where our cost of equity would become attractive and allow us to transition away from debt. Our reduction of this debt will give Alpine 4 and our subsidiaries a unique competitive advantage by allowing for; better purchasing practices, reducing our overhead burden, and ultimately leading to enhanced profitability. Subsequently, this competitive advantage will also drive larger revenue and profit back to our subsidiaries, strengthening our balance sheet allowing the company to invest in value added opportunities. Needless to say, we are very excited at Alpine 4 on what this payoff means for us as a company and look forward to the fruits it will bear.'
About Alpine 4 Holdings: Alpine 4 Holdings, Inc. (ALPP) is a publicly traded conglomerate that acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. At Alpine 4, we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies, even in brick-and-mortar businesses, can drive innovation. We also believe that our holdings should benefit synergistically from each other, have the ability to have collaborate across varying industries, spawn new ideas and create fertile ground for competitive advantages.
Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards, but also increase value for our shareholders.
Forward-Looking Statements: The information disclosed in this press release is made as of the date hereof and reflects Alpine 4 most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.
SOURCE: Alpine 4 Holdings, Inc.
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