"This arrangement eliminates the previous short-term mortgage debt and will increase the net cash flow by approximately $120,000 per year and also reduces the company's current liabilities by $2.7 million," saysMichael Kelleher, CFO of Triad Industries Inc.
This building, located on Miramar Road, is carried on the corporate consolidated statement at a net value of $3.3 million, while having been individually appraised in excess of $3.9 million by three independent appraisals.
Triad Industries Inc. is a holding company with operations in financial services, medical services and real estate.
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