Accugraph Secures $3 Million Line Of Credit; Company Signs Agreement with Greyrock Business Credit.RICHARDSON, Texas--(BUSINESS WIRE)--Feb. 11, 1998--Accugraph Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACCUF, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ACU ACU See: Asian currency units .A), a leader in Network Inventory & Provisioning solutions, today announced that it has obtained a $3 million, receivables-based line of credit through Greyrock Business Credit, a unit of NationsBank specializing in loans to technology and venture-stage companies. Available immediately, the line of credit will be used as needed as needed prn. See prn order. for short-term working capital. "We are pleased to be working with Greyrock," said Gary Shroyer, vice president, finance and administration and chief financial officer. "They understand the peaks and valleys of the technology business and have developed a plan that works well for Accugraph." About Greyrock Greyrock Business Credit, a unit of NationsBank, specializes in providing financing for technology and venture stage companies backed by institutional sources. Greyrock evaluates a company's complete picture, focusing on ownership and enterprise value. Loans are structured by Greyrock to maximize flexibility for companies engaged in the rapidly paced technology market. Further information is available through Greyrock's web site at: www.greybuscred.com or by calling 800/988-4113. About Accugraph Accugraph Corporation is a leader in Network Inventory & Provisioning products and services. Accugraph's customers include wireless providers, local and long distance carriers, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and major corporations in the banking and travel/transportation industries. With new corporate offices in Richardson, Texas and Toronto, Canada; as well as established offices in El Paso, Texas and Huntsville, Alabama; Accugraph is a global supplier to the telecommunications and enterprise markets. Accugraph is publicly traded on the NASDAQ national market (ACCUF) and the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (ACU.A). Further information is available through Accugraph's web site at: http://www.accugraph.com. -0- This news release may contain forward-looking statements relating to the future performance of Accugraph Corporation. The forward-looking information is within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those sections. These forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially. Certain of these risks and uncertainties are described in the company's filings with the Securities and Exchange Commission including the company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ending December 31, 1996 and subsequent Forms 10-Q. CONTACT: Accugraph Corporation Gary Shroyer, 972/907-1295 |
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