Christenson Velagio Announces Completion of Credit Facility and Expanded Role of Senior Vice President.Business Editors/High-Tech Writers PORTLAND, Ore.--(BUSINESS WIRE)--Jan. 22, 2004 Christenson Velagio, Inc., a provider of electrical and technology services to Fortune 2000 organizations, announced today that it has executed an agreement for a $600k revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility. The Company also announced today that in addition to his current role as Senior Vice President, Mark Walter will also assume the Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. position within Christenson Velagio. About Christenson Velagio, Inc. Christenson Velagio, Inc., a provider of electrical and technology services to Fortune 2000 organizations is a wholly-owned subsidiary of Microfield Group, Inc. Christenson Velagio leverages these proven core competencies into Enterprise Solutions spanning electrical services, telecom systems, IT Networking Solutions, Security and Life-Safety Systems, Digital CCTV CCTV abbr. closed-circuit television CCTV closed-circuit television Systems and Energy Management Solutions. Microfield is headquartered in Portland, Oregon, and its common stock are traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol MICG MICG Moroccan Islamic Combatant Group .OB. For more information, visit the Microfield website at www.microfield.com. Forward Looking Statements This press release includes statements that may constitute "forward-looking" statements. These statements are made pursuant to the safe harbor provisions of 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. Forward-looking statements inherently involve risks and uncertainties that could cause of contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third-party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. |
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