August 2, 9:01 am EST - Carbite Golf Bank Line of Credit Increased to $1,000,000
SAN DIEGO, Aug. 2 /PRNewswire/ -- Carbite Golf (Vancouver: CAB - news) announced today expansion of its relationship with Scripps Bank by increasing the Company's line of credit to $1,000,000.
''As our business has grown dramatically over the past year, the bank has played an important role in helping us manage that growth,'' said President Mike Spacciapolli. ''This will give Carbite Golf more flexibility in managing its growth in the year to come.''
Carbite Technology is based on advanced powder metallurgy, which allows molecular bonding of dissimilar materials. The patented technology permits golf club design with a ''material advantage'' that dramatically increases putter moment of inertia and maintains optimum back spin for wedges, irons and woods. The Carbite product line includes Polar Balanced Putters, CheckMate Putters, Tour Insert Wedges, Tungsten Tour Irons, and Carbite Woods. For product information, contact Mike Pinckes at Carbite Golf, 6330 Nancy Ridge Dr., Suite 107, San Diego, CA., 92121, telephone 1-800-272-4325 or fax 619-625-0572.
VISIT CARBITE GOLF'S WEBSITE at www.carbitegolf.com
(This news release has not been reviewed by the Vancouver Stock Exchange, which does not accept responsibility for the adequacy or accuracy of the release.)
SOURCE: Carbite Golf |
