VISTA Issues Update on Recent Events
Denver, CO - Jan 8, 2010
-- Vista International Technologies, Inc. (OTC BB: VVIT)
is pleased to give investors an update on recent events within the company.
For the fourth quarter ending December 31, 2009, the company saw a significant revenue increase over the prior quarter, as revenue topped
$300,000. This number exceeded management's expectations by more than 10%. The fourth quarter usually sees a revenue fall from the previous
quarter due to the seasonality of the tire processing business. CEO Thomas Pfisterer remarked
"The revenue generation at the Texas facility continues to exceed expectations due to the solid plan in place, as well as the dedication and
execution by our corporate team. "
The company has also continued its progress with regard to raising equity and reducing its debt. The company took in direct equity
investments of over $75,000 during the final weeks of the quarter, using the funds toward completion of the current restructuring. In addition,
the company was successful in extending the maturity of $500,000 in corporate debt for a period of one year, and is finalizing conversion of
interest on this debt into common equity. Mr. Pfisterer added "We appreciate the vote of confidence our debt holders have shown in rolling
their debt and considering equity in lieu of cash payment. Cooperation from our creditors has been one of the keys to the success of our
corporate turnaround."
For more information on the company or the material contained in this release, please email us at info@vvit.us.
¨C Thomas P. Pfisterer,
CEO.
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