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The following content is a news release distributed by . The original news release may be found here.

Eletson Emerges from Chapter 11 Process

NEW YORK--(BUSINESS WIRE)--Eletson Holdings Inc. (“Eletson” or the “Company”), an international seaborne transportation company, announced today that it has successfully completed its financial restructuring and emerged from Chapter 11 protection, marking a new beginning with new leadership, new financial resources and no debt. Eletson’s now effective Plan of Reorganization, proposed and backstopped by Pach Shemen, is supported by the majority of its creditors and has been approved by the U.S...

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