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| Xentel | . | Press Release - March 20, 2002 |
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Second Tranche Debt Repayment $1Million Repaid CALGARY, AB, March 20, 2002 - XENTEL DM Incorporated (CDNX:XDM), North American specialty entertainment and relationship marketing company has continued to repay its long term debt ahead of schedule by making additional payments to reduce the subordinated debt by $1,000,000 to $3,250,000. This debt is scheduled for repayment in May 2004; however, with the continuing improvements in profitability and cash flow, Xentel was in a cash position to make another $1,000,000 repayment in advance of the Companys contractual commitment. This total debt reduction will have the effect of reducing interest costs by over $240,000 annually or $0.01 per share. The Canadian Venture Exchange has neither approved nor disapproved of the contents of this announcement. For more information, please contact:
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