Clothestime announces new banking agreement.ANAHEIM, Calif.--(BUSINESS WIRE)--Feb. 13, 1995--The Clothestime 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 :CTME) announced Monday that the company has received a commitment for a new credit agreement in the amount of $40 million through Feb. 1, 1997 from its existing bankers, 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 and Union Bank. John Ortega Seaman John Ortega (born in 1840 in Spain), was the first Hispanic sailor to be awarded the United States' highest military decoration for valor in combat — the Medal of Honor — for having distinguished himself during the South Atlantic Blockade by the Union Naval , chairman and chief executive officer, said, "We are glad to announce a new agreement with Wells Fargo Bank and Union Bank and look forward to continuing this mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship." Ortega added, "In continuing to strengthen our Clothestime team, we are focusing the chain toward quality, branded merchandise and are in the process of recruiting a seasoned General Merchandise Manager to lead the buying group in the coming years." The Clothestime Inc. operates two selling divisions, Clothestime Stores and Lingerie Time. Clothestime Stores currently operates 569 women's apparel stores in 22 states and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , offering primarily in-season, moderately-priced sportswear, dresses and accessories, emphasizing fashion at a discount from department and specialty stores. Lingerie Time currently operates eight women's, value-priced intimate apparel stores in two states, offering brand name merchandise at a discount from suggested manufacturer's retail prices. CONTACT: Clothestime Jeff Dake, 714/779-5881 Ext. 2255 |
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