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Centiv Obtains New Credit Facility

Wednesday, July 10, 2002

Press release from the issuing company

VERNON HILLS, Ill.--July 9, 2002--Centiv, Inc., today announced that it recently secured a two-year revolving credit facility for up to $2 million with Cole Taylor Bank of Chicago. The initial availability under the facility is $750,000, which will be increased to $2 million upon three consecutive profitable months. "The line of credit provides Centiv with additional flexibility to meet increased demand in it's growing Point-of-Purchase business," said Tom Mason, Chief Financial Officer. Centiv, Inc., headquartered in Vernon Hills, IL, offers web services for consumer brand companies to manage their in-store and on-premise point-of-purchase (POP) processes. The delivered product is high quality, digitally produced signage that is mass-customized for the unique requirements of each retail location. Centiv's POP services are currently used by leading U.S. Corporations, including Action Performance, Anheuser Busch, DuPont, Brown-Forman, Pepsi Americas and TruServ.

 

 

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