NEW YORK, NY, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Accredited Solutions, Inc. (OTC:ASII) ("Accredited Solutions" or the "Company"), the parent company of Diamond Creek Water, a leading brand of ionized alkaline bottled water distributed across major grocery and convenience store chains, has reported balance sheet restructuring agreements leading to recognition of a one-time income event of approximately $3.1 million. This significant balance sheet restructuring and accompanying income event results from the execution and finalization of Debt Exchange Agreements with 100% of the Company's currently outstanding convertible debt holders, who now hold a new series of convertible preferred stock. This strategic move has substantially improved the Company's financial position, increasing Net Shareholder Equity from approximately -$5,073,037 to approximately -$45,576, representing a positive balance sheet impact of over approximately $5 million. ...