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Cryogenic Transportation Announces New Financing Agreement.


EASTON, Pa. -- Cryogenic Transportation, Inc. ("CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. "), a leading transporter of industrial gases, announced today that it has completed a new $11.5 million financing transaction with M and T Bank.

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 David M. Boucher, CTI's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "M and T Bank has provided CTI with new financing for our trailer fleet and to support our working capital position. We are grateful to the M and T loan officers Gerry O'Loughlin and Kaj Karch for their insight into our unique needs."

Cryogenic Transportation is a leading transporter of industrial gases by truck servicing customers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Mexico. CTI is headquartered in Easton, Pennsylvania Easton is a city in Northampton County, in the eastern region of Pennsylvania, in the United States. The population was 26,263 at the 2000 census. It is the county seat of Northampton CountyGR6.  and operates a fleet of 150 trailers and 135 tractors from a network of eight terminals located across the US. CTI just celebrated its 25th anniversary.

For more information on Cryogenic Transportation please contact David M. Boucher at (610) 991-1970 or by e-mail dboucher@cryotran.com.
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Publication:Business Wire
Date:Jun 16, 2005
Words:154
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