Synergx Systems Inc. (Nasdaq: SYNX) Announces Credit Line Renewal
11 March 2005 - 2:56AM
PR Newswire (US)
Synergx Systems Inc. (Nasdaq: SYNX) Announces Credit Line Renewal
SYOSSET, N.Y., March 10 /PRNewswire-FirstCall/ -- Synergx Systems
announced that it has agreed to a two year renewal of its credit
facilities with Hudson United Bank on comparable terms and
conditions. Subject to execution of final documentation, Synergx's
new credit facility will run through June 2007. Chairman and CEO
Daniel Tamkin commented, "We are delighted to continue our
excellent relationship with Hudson United. We now have in place the
financing to carry forward with our marketing program for the next
couple of years." Synergx is engaged in the design, manufacture,
marketing and service of a variety of data communication products
and systems with applications in the fire alarm, life safety,
security and communication industries. "Safe Harbor" statement
under the Private Securities Reform Act of 1995: This release
contains forward-looking statements, which reflect management's
current views of future events and operations. These
forward-looking statements are based on assumptions and external
factors, including assumptions relating to product pricing,
competitive market conditions, financial data, and other risks or
uncertainties detailed from time to time in the Company's filings
with the Securities and Exchange Commission. These forward-looking
statements represent the Company's judgment as of the date of this
release and any changes in the assumptions of external factors
could produce significantly different results. DATASOURCE: Synergx
Systems Inc. CONTACT: John Poserina, Chief Financial Officer of
Synergx Systems Inc., +1-516-433-4700
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