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ATI receives $10 million line of credit from FINOVA.


SAN JOSE, Calif.--(BUSINESS WIRE)--March 1, 1996--ATI (APAQ APAQ Adapted Physical Activity Quarterly  Technology Inc.), a major personal computer systems manufacturer headquartered in San Jose, is pleased to announce that it has received a $10 million credit facility from FINOVA Capital Corp.

"This financial support from FINOVA is indicative of the strong relationship between the two companies," said Michael Shabazian, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "FINOVA continues to be a key partner in the growth and success of ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ."

ATI plans to roll out major distribution partners in the U.S. and open an East Coast office. "We are delighted," continued Shabazian, "with the strong confidence that FINOVA and our customers have granted us in allowing ATI to grow our business."

"FINOVA is pleased with its relationship with APAQ over the past year," said G. Alexander Cole, FINOVA Vice President-Credit. "We are looking forward to assisting the company in its continuing success."

ATI is a systems manufacturer founded in 1992 by Ming Hsu, Chairman and Chief Technical Officer. ATI builds desktop and minitower min·i·tow·er  
n.
A computer cabinet that is about half the height of a cabinet that houses a tower computer.
 personal computers under the PacerTM logo and distributes these products through U.S. distributors and resellers. ATI is a privately held company privately held company

A firm whose shares are held within a relatively small circle of owners and are not traded publicly.
 located in San Jose. You may get further information about the company by accessing its Web page, http://www.APAQ.com.

CONTACT: ATI Systems

Susan Ostrow, 603/743-6700 (Media Contact)

SOSTROW@APAQ.COM
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 1, 1996
Words:222
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