Casco International Establishes $5 Million Revolving Line of Credit.SHELBY, N.C.--(BUSINESS WIRE)--July 30, 1998--CASCO INTERNATIONAL, Inc. (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 :CASC CASC Community Amateur Sports Club CASC Carl Albert State College CASC California Association of Student Councils CASC Central Administrative Support Center CASC Canadian Automobile Sports Club CASC California Air and Space Center ) today reported it had established a commercial banking relationship with Branch Bank & Trust (BBI BBI Blockbuster Inc. (stock symbol) BBI Berlin Brandenburg International (Airport) BBI Broadband-Interactive BBI Browser-Based Interface BBI Best Brains Inc. ), Winston Salem, N.C. Charles R. Davis, president and chief executive officer, announced the company has established a revolving line of credit Revolving line of credit A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years. totaling $5 million which will be used for expansion and growth of Casco. "Casco is dedicated to maximizing shareholder value and providing our clients with innovative, results-oriented solutions. We plan to achieve this through expansion of our sales and marketing groups and by making strategic acquisitions of smaller companies in our industry. This line of credit permits us to move forward with these stated goals," Charles Davis Charles Davis may refer to:
Casco International, Inc. operates under the brand name of "CA Short Company." It creates, markets and administers employee recognition programs that reward workers with jewelry and other merchandise for their accomplishments in such areas as safety and years of service.
CONTACT: Casco International, Shelby
Charles R. Davis, 704/482-9591
or 800/535-5690
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