FORT WORTH, Texas, Nov. 3, 2016 /PRNewswire/ -- Galenfeha, Inc. (OTC:GLFH) today announced the retirement of the third of four convertible debentures the company entered into 1 st and 2 nd quarters 2016. The company disclosed this information on recent Form 8-K's filed with the Securities and Exchange Commission this week. Mr. James Ketner, Galenfeha's newly-appointed Chairman and Chief Executive Officer, commented: "Over the past week, we have removed significant headwinds affecting our company and shareholders. I would like to thank all three note holders for their cooperation in negotiating early payoffs. We established good relationships with all three firms, left the doors open to do business in the future with better terms, and resolved these notes both amicably and with dignity." Last week, Mr. Ketner stated in a press release the importance of extinguishing these convertibles in order to restore the confidence of Galenfeha's investors and shareholders. The company is currently in discussions to repay the last remaining note, and anticipates additional news to follow soon. Galenfeha was founded by Mr. Ketner in March 2013 as an Engineering Services/Research and Development company, headquartered in Bedford, Texas. In May 2014, the company opened a Manufacturing and Distribution facility in Shreveport, Louisiana. Galenfeha's stock has been actively traded (GLFH) since September 2014. Mr. Ketner closed with: "Once this final note has been extinguished, I will turn my complete attention to our strategic SG&A cost reduction program. Profitability and debt elimination will provide us with the flexibility to consider future capital returns to our shareholders." About Galenfeha, Inc. Galenfeha (GLFH) is a design, engineering, and manufacturing firm with a focus on stored energy solutions with low environmental impact. Galenfeha designs, manufactures and markets a complete line of patent pending, microprocessor controlled, LiFePO4 chemistry battery systems for Oil and Gas measurement and automation as well as a full line of proprietary high precision chemical injection systems. The company also provides stored energy solutions for U.S. military applications.