EBIZ Enterprises Secures $4 Million Line of Credit; Deal Strengthens EBIZ's Position in the Linux Marketplace.Business Editors & Technology Writers HOUSTON--(BUSINESS WIRE)--June 14, 2001 EBIZ EBIZ Electronic Business Enterprises Incorporated (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EBIZ), a manufacturer of specialized servers and the leading vendor-neutral provider of Open Source products and solutions, today announced that Finova Capital Corporation has extended its existing $4 Million line of credit to fund its manufacturing and sales activities. "This extended line of credit gives us cash and working capital to provide even more products and services to our customers nationwide," said Dave Shaw, 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. of EBIZ Enterprises. "While we will continue to look for additional capital, this continuing supply of working capital will help us grow our operations and enhance our already substantial product line of Terian specialized servers." The complete family of Terian computing platforms See platform. are widely used by IT departments, data centers, systems integrators and computer sellers nationwide for applications including call centers, office computer systems and point-of-sales networks. From small office systems to geographically dispersed wide-area networks Wide-area networks Communication networks that are regional, nationwide, or worldwide in geographic area, with a minimum distance typical of that between major metropolitan areas. Smaller networks include metropolitan and local-area networks. , Terian systems are used by thousands of customers in hundreds of different environments. About EBIZ Enterprises Incorporated EBIZ Enterprises Incorporated (www.ebizenterprises.com) is a developer and provider of computer systems, software and accessories for the business computer market. EBIZ sells directly to end users through its www.linuxmall.com e-commerce Web site and to corporate accounts and value-added resellers nationwide through its sales teams. EBIZ is the manufacturer of the Terian product line of computing platforms. Terian systems provide the latest open architecture hardware in appliance server and white box configurations. EBIZ is located at 13715 Murphy Road Suite D, Stafford, Texas Stafford is a city in the U.S. state of Texas within the Houston–Sugar Land–Baytown Metropolitan Area. Stafford is mostly in Fort Bend County with a small portion in Harris County. As of the 2000 U.S. Census, the city population was 15,681. 77477 and may be reached by phone at 800/876-8649 or via e-mail at sales@ebizmart.com. This press release contains statements that constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " as that term is defined by 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. 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 (the "Reform Act"). Specific forward-looking statements contained in this press release include, but are not limited to the availability of sufficient cash and working capital to provide for EBIZ customers and the widespread use of the Terian systems by IT professionals and customers. Forward-looking statements involve risks, uncertainties and other factors, which may cause actual results, performance or achievements of EBIZ Enterprises Inc. to be materially different from those expressed or implied by such forward-looking statements. Other factors include those risk factors and cautionary statements made in EBIZ Enterprises Inc.'s annual report on Form 10-KSB/A for the period ended June 30, 2000 and the quarterly report on Form 10-QSB for the period ended March 31, 2001 and other factors that EBIZ Enterprises Inc. is currently unable to identify or quantify, but may arise or become known in the future. In addition, the foregoing factors may affect generally EBIZ Enterprises Inc.'s business, results of operations and financial position. Forward-looking statements speak only as of the date the statement was made. EBIZ Enterprises Inc. does not undertake and specifically disclaims any obligation to update any forward-looking statement. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion