Cholestech Corporation Signs $8 Million Line of Credit.Business Editors/Health & Medical Writers HAYWARD Hayward, city (1990 pop. 111,498), Alameda co., W Calif.; settled 1851, inc. 1876. It is an important commercial and distribution center for farm products. Manufactures include wire, plastics, metal and paper products, textiles, machinery, and motor vehicles. , Calif.--(BW HealthWire)--May 23, 2000 Cholestech 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 :CTEC CTEC Course and Teacher Evaluation Council (Northwestern University, Office of the Register) CTEC Certified Technical Education Center CTEC Certified Technical Education Center (Microsoft) ) announced today that it has signed an $8 million line of credit with Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Bank to be used to meet future working capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. . The line is immediately available for use, incurs interest at the current prime rate, and any borrowings must be secured by the Company's Investment Management account balances. "Our credit facility with Wells Fargo Bank extends our solid relationship with one of the nation's leading financial institutions who is committed to the success of our Company," said Andrea Andrea ghost returns to the Spanish court to learn of the events that followed his death. [Br. Drama: The Spanish Tragedy in Magill II, 990] See : Ghost J. Tiller, chief financial officer of Cholestech. "By expanding the Company's access to capital, we not only ensure the conservation of our existing financial resources, but provide additional resources to fund future strategic objectives as the Company continues to expand." About Cholestech Cholestech is committed to helping people successfully improve their health. Working together, the Cholestech business units of Diagnostic Products, WellCheck(TM), and WellCheck.com can provide simple, accessible, and reliable personal health information to health care practitioners and consumers in over 35 countries around the world. By offering efficient and economic diagnostic screening for cholesterol, blood sugar, and liver function, Cholestech hopes to help more people understand whether or not they face potentially serious health risks. Therapeutic monitoring options using the Cholestech L.D.X(R) System can help patients monitor their progress as they work with their health care provider to reduce their risk of cardiovascular cardiovascular /car·dio·vas·cu·lar/ (-vas´ku-ler) pertaining to the heart and blood vessels. car·di·o·vas·cu·lar adj. Abbr. and other diseases. Working together with health care providers, our goal is to ultimately enable people to lead longer, healthier, and more active lives. Statements in this press release other than historical fact, including statements regarding the availability of capital resources in the future, or the results of potential future strategic objectives, are forward looking statements, the accuracy of which is necessarily subject to risks and uncertainties. Actual results may be affected by additional factors set forth in the Company's Securities and Exchange Commission filings including the Company's 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 ended March 26, 1999. Note to Editors: Cholestech L.D.X and WellCheck(TM) are registered trademarks of Cholestech Corporation. For more information on Cholestech, please visit us at: www.cholestech.com |
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