SOURCE: A1 Group, Inc.

March 16, 2015 11:07 ET

A1 Group, Inc. (AWON) Files 8-K Statement

MIAMI, FL--(Marketwired - March 16, 2015) - On March 13th, 2015 A1 Group, Inc. filed an 8-K statement outlining the renegotiation of notes at a significant saving to A1 Group, Inc.

On January 16th A1 Group, Inc. (OTCQB: AWON) renegotiated $324,095.32 in notes at very favorable Terms and Savings to A1 Group, Inc. through a Note Assignment and Purchase Agreement and a Convertible Note. Under the Original Notes, the conversion rate was of 0.15 cents with 8% interest, and under the Newly Negotiated Note there is conversion rate of 0.22 Cents and all the interest is forgiven. This is saving A1 Group, Inc. $31,910.66 in interest. Under the New Note it was agreed that upon the signing of the agreement, A1 Group, Inc. would convert the note to 1,473,161 shares of A1 Group, Inc. (AWON). Upon deliverance of the Certificate, the Newly Negotiated Note is cancelled and A1 Group, Inc. shall have no further obligation under the Note.

Forward Looking Statement Disclaimer:
This press release contains forward-looking statements. Words such as "expects", "intends", "believes", and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission and the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. 

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