Printer Friendly
The Free Library
19,585,946 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Boca Research Executes Credit Facility Agreement.


BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Nov. 16, 1998--Boca Research, Inc. (Nasdaq:BOCI BOCI Bank of China International
BOCI Buckner Orphan Care International
) today announced that it has entered into a $5 million credit facility with FINOVA Capital Corporation (NYSE NYSE

See: New York Stock Exchange
:FNV FNV Federatie Nederlandse Vakbeweging
FNV Field Not Valid
FNV Frame Not Valid
FNV Fjölbrautarskóli Nordurlands Vestra (Saudarkrokur, Iceland) 
).

Commenting on the agreement with FINOVA, Navroze S. Mehta, Executive Vice President of Strategic Planning and Chief Financial Officer of Boca BOCA Building Officials and Code Administrators International, Inc.
BOCA Bird Observers Club of Australia
BOCA Business Object Component Architecture
BOCA Borland Object Component Architecture (Borland) 
 Research said, "Although we had cash and cash equivalents of approximately $5.3 million at September 30, 1998, the credit facility with FINOVA will provide us with the financing to satisfy our working capital requirements Capital requirements

Financing required for the operation of a business, composed of long-term and working capital plus fixed assets.
. We are thrilled to have the opportunity to work with FINOVA and view their willingness to provide the financing as an endorsement of our business."

CORPORATE INFORMATION

Founded in 1985, Boca Research designs, manufactures, markets and supports quality, cost-effective Internet access devices, data communications and networking products to facilitate the transmission of information on personal computers, computer networks and the Internet.

The Company also markets its products under the Global Village Communication brand name and sells its products worldwide through distributors, original equipment manufacturers (OEMs) and retailers. Boca Research is a U.S. corporation headquartered in Boca Raton, Fla., with international operations and ventures worldwide.

Note to Editors: For copies of recent press releases from Boca Research via fax, call 800/331-1323; for company information via the Internet, visit http://www.bocaresearch.com
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 16, 1998
Words:219
Previous Article:NCD to Acquire Thin Client Business Unit of Tektronix; Acquisition Will Strengthen NCD's Product Offerings & Market Leadership.
Next Article:John F. Breyer, Jr. Announces the Formation of Breyer & Associates PC.



Related Articles
Boca Research approved by Export-Import Bank of the U.S.; Ex-Im Bank southeast regional director joins-in signing ceremony.
Metropolitan Health Networks Inc. announces Letter of Intent for receivables financing.
Boca Research Reports Second Quarter 1997 Results.
Boca Research and Acorn Group Sign Licensing Agreement.
Visual Edge Arranges New Financing.
National Semiconductor Invests $5.0 Million in Boca Research; Companies Announce Cooperative Development and Licensing Agreement.
Boca Research Sells Manufacturing Facilities to Boundless Manufacturing Services; Enables Increased Focus on Software and Systems Solutions-Based...
Boundless Acquires Manufacturing Facility From BOCA Research; Adding Value By Building-To-Order In A Growing Market.
Boca Research Promotes Martha Ritchason to Senior Vice President, General Administration.
Boca Research Finalizes Sale of Manufacturing Facilities to Boundless.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles