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TORONTO, ONTARIO--(Marketwired - April 27, 2016) - Michael Stein, a director and President of Applied Inventions Management Corp. ("AIM" or the "Company"), announces that effective April 27, 2016 (the "Closing Date") that he and a company that he controls and directs have agreed to settle an aggregate of $645,154 of indebtedness owing from the Company (the "Settlement") in exchange for a subordinate voting debenture in the principal amount of $343,154 (the "Subordinate Voting Debenture") and a multiple voting debenture in the principal amount of $302,000 (the "Multiple Voting Debenture, and together with the Subordinate Voting Debenture, the "Debentures"). |
