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Invesprint Corporation Announces Completion Of New Financing

Thursday, January 08, 2004

Press release from the issuing company

TORONTO, ONTARIO--Invesprint Corporation today announced it has received funding on its previously announced $1,332,500 debt facility. This 3-year facility has an interest rate of 6.85% per annum and is secured by a portion of the Company's assets. Vince Hockett, Invesprint's President and C.E.O., stated, "This financing is the culmination of many months of hard work. We believe closing on this debt facility speaks to the strength of our balance sheet and our business. Further, we believe these funds, combined with cash from operations, give us the financial flexibility to meet our goal of returning to annual profitability in our next fiscal year." Hockett also stated, "The message from our customers was loud and clear, "We need a solid indication that Invesprint's financial position is improving." Closing on this facility should send a message of stability to our customers."

 

 

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