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Datametrics Corp. announces completion of $1.85 million financing.

WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Nov. 25, 1996-- The board of directors of Datametrics Corp. (ASE:DC) Monday announced that it has completed a private placement of $1.85 million senior subordinated secured debenture offering funded by a group of investors related to the new board of directors.

This private placement more than fulfills the Oct. 9, 1996 commitment by the new board of directors of Datametrics to provide up to $1.5 million of working capital financing.

Datametrics specializes in the design, development and manufacture of high-speed color printers, high-resolution non-impact printer/plotters and ruggedized computers, printers and workstations.

Datametrics, a Delaware corporation, has its principal executive offices at 21135 Erwin St., Woodland Hills, Calif. 91367.

CONTACT: Datametrics Corp., Woodland Hills

Daniel P. Ginns, 818/598-6200

Diane Trottochau, 818/598-6200 (investor relations)
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Publication:Business Wire
Date:Nov 25, 1996
Words:133
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