C-Bond Systems, Inc. Discusses $500,000 Commercial Project with The Stock Day Podcast

C-Bond CEO also discusses the elimination of the convertible features of the Company's only remaining convertible promissory note as filed in the Company's 8-K yesterday.

PHOENIX, AZ / ACCESSWIRE / December 7, 2023 / The Stock Day Podcast welcomed C-Bond Systems, Inc. (OTC PINK:CBNT)("the Company"), a San Antonio-based nanotechnology company and marketer of the patented C-Bond technology, which is proven to strengthen glass for architectural applications. CEO of the Company, Scott R. Silverman, joined Stock Day host Matthew Dunehoo.

Silverman began the interview by discussing the Company's most recent announcements. "We recently put out a press release that we have now installed our technology in over 162 schools and growing, just in the state of Texas," shared Silverman, adding that the state of Texas has mandated that all schools in Texas be equipped with security window film on certain glass doors and windows or fencing by August of 2025. "We continue to work with many different school systems, as well as new partners and distributors that are working with us in order to expand the reach of our technology and help save lives."

"We have also announced a new school that has issued a purchase order to us," continued Silverman. "Most relevantly, announced for the first time on this podcast, is that we have now received an add-on order for a very significant project in Texas for one of the world's largest oil companies," he shared. "We have been contracted by their general contractor to provide our Bullet Resistant Solution (BRS) throughout the majority of that facility, which is a large commercial facility." According to Mr. Silverman, the Company expects the final purchase order to be close to a half million dollars.

"The 8-K that we recently filed has to do with our balance sheet," said Silverman. "In May, we sold our automotive division for $4 million and we used the proceeds of that to pay off the majority of our debt and significantly strengthen our balance sheet," he explained. "The majority of those payments were to entities that held convertible promissory notes," said Silverman. "We only had one left and we announced last week that we have restructured that agreement to eliminate the convertible feature and start to make cash monthly payments of $15,000 per month in order to pay off the principal and interest of that debt."