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LASERMASTER TECHNOLOGIES OBTAINS $10 MILLION COMMERCIAL FINANCING LINE

LASERMASTER TECHNOLOGIES OBTAINS $10 MILLION COMMERCIAL FINANCING LINE
 MINNEAPOLIS, May 12 /PRNewswire/ -- LaserMaster Technologies, Inc. (NASDAQ: LMTS) announced today that its LaserMaster Corporation subsidiary has obtained a commercial credit line of up to $10,000,000 from Foothill Capital Corporation, of Los Angeles. The line is secured by domestic accounts receivable and inventory. In connection with the financing, LaserMaster discharged existing obligations to a commercial finance company and regional commercial bank which had previously been secured by the same assets.
 Mel Masters, LaserMaster's CEO, indicated that the new, increased line of working capital will help the company achieve its continued growth objectives, "We have recognized for some time that we are outgrowing some of our historic sources of working capital. We need a large, commercially experienced source of capital. With this new financing relationship, we will enjoy the benefits of a knowledgeable lender with considerable experience in the high technology sector. This new financing facility will remove some of the constraints on growth imposed by working capital limitations in our previous banking relationship."
 LaserMaster Technologies, Inc. designs, manufactures and markets high resolution, high performance printing systems for the microcomputer market. The LaserMaster product line features the company's proprietary TurboRes(R) resolution enhancement technology.
 -0- 5/12/92
 /CONTACT: Karen Neset of LaserMaster, 612-944-6069/
 (LMTS) CO: LaserMaster Technologies, Inc. ST: Minnesota IN: CPR SU: FNC


AL -- MN003 -- 8973 05/12/92 09:11 EDT
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Publication:PR Newswire
Date:May 12, 1992
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