CARVER CORPORATION RENEWS LINE OF CREDIT.LYNNWOOD, Wash.--(BUSINESS WIRE)--June 4, 1996--Carver 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 :CAVR CAVR Canadian Administrators of Volunteer Resources CAVR Canadian Agreement on Vehicle Registration CAVR Center for Audio-Visual Research CAVR Completeness, Accuracy, Validity and Restricted access (financial accounting) ), today reported that its line of credit facility has been renewed by Congress Financial Corporation (Northwest) for a two year period. The lender has also agreed to extend until September Until September is a 1984 romantic drama set in France. It stars Karen Allen as an American tourist in Paris who falls in love with a married Frenchman (Thierry Lhermitte). External links 30, 1996, a temporary arrangement which makes an additional $1 million available for borrowing, secured by the Company's manufacturing and headquarters facility. As of May 29, 1996, these combined arrangements make available approximately $2.6 million for borrowing, of which approximately $2 million had been drawn at May 29. "We see the renewal of our line of credit as another vote of confidence in Carver Corporation," stated John World, Executive Vice President and General Manager. "Borrowings under this credit facility will enable us to meet some of our more pressing short term capital needs pending the completion of the previously announced private placement with Renwick Capital. While negotiations on this transaction is proceeding, there can be no assurance that it will be completed." 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. statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the effect of changing economic conditions, trends in the audio components market, product demand and market acceptance risks, risks associated with manufacturing, import and seasonality and other risk factors detailed in the Company's Securities and Exchange Commission filings. Carver Corporation designs, develops, manufactures and markets high-fidelity consumer audio components and systems which are known for their superior sound reproduction. CONTACT: Carver Corporation Stephen Williams There are several articles on Wikipedia about people named Stephen Williams:
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