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SW Innovative Holdings, Inc. Informs Market of No Convertible Debt

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HOUSTON, Oct. 16, 2018 (GLOBE NEWSWIRE) -- SW Innovative Holdings, Inc. d.b.a. Everybody's Phone Company, Inc. (Pink Sheets: SWHI), a service provider of prepaid landline telephone services, today announced company details.

SW Innovative Holdings, Inc. (SWHI) is considered a development stage company focusing on marketing plain old-fashioned telephone service (POTS) to consumers in Texas.

Norman George, President, said, "We are presently writing our 3rd quarter report and when complete we will post the report on OTC Markets. Issuing the 3rd quarter report to OTC Markets will return the company to 'Current Information' status with OTC Markets."

Mr. George said shareholders have asked if we have any convertible financing on our financial statement notes that could cause dilution. 

The company states that there is no convertible debt on the books.  

Mr. George said the company plans to sell registered shares using the “qualified” Reg-A to qualified investors from time to time to raise additional working capital to fund operations, as per the Corporate Update provided on September 7, 2018. The proceeds from the sale of the registered stock will be used to implement our marketing plan to increase revenue and achieve profitability. 

About SW Innovative Holdings, Inc.
SW Innovative Holdings, Inc. d.b.a. Everybody's Phone Company, sells prepaid, unlimited local (dial tone) telephone service to the residential market, primarily in greater Houston. The Company is fully licensed by the Texas Public Utility Commission to resell telephone services throughout the State. Once SWHI achieves critical mass in Texas, the Company plans to expand its prepaid telecommunications product offerings nationwide.
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The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

SW Innovative Holdings, Inc.
Tel: (713) 268-1610
Twitter: @HoldingsSW

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Source: SW Innovative Holdings, Inc.