AHPC Holdings, Inc., Announces New Revolving Credit Facility.ITASCA I·tas·ca A lake of northwest Minnesota. It was identified in 1832 as the source of the Mississippi River. , Ill. -- AHPC AHPC American Home Products Corporation Holdings, Inc. (Nasdaq SmallCap: GLOV), today announced the completion of a new one-year $3 million revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility, which will be used by the Company to fund its working capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. . "The new credit facility provides AHPC with significant financial flexibility to pursue growth opportunities, as well as the ability to expand our product offerings" said Alan Zeffer, President and Chief Executive Officer of AHPC. AHPC Holdings, Inc., headquartered in Itasca, is a top marketer of disposable medical examination, foodservice and retail gloves and other personal protection products to the healthcare, foodservice, retail and industrial markets nationwide. This Press Release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which involve numerous risks and uncertainties, including, but not limited to, the risk that the transaction contemplated in the Letter of Intent, the Company's ability to maintain current sales levels at current margins and ability to maintain in place the Company's current line of credit or replace it with an alternate substitute. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission. |
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