NEWS!!NEWS!!!NEWS!!!
(PR NEWSWIRE) NUKO Information Systems renews credit line
NUKO Information Systems renews credit line
SAN JOSE, Calif.--(BUSINESS WIRE)--June 13, 1997--NUKO Information Systems
Inc. (NASDAQ:NUKO) today announced the renewal of its one-year, $6 million
credit facility with Silicon Valley Bank.
NUKO's president and CEO, Bob Kondamoori, said, "We are pleased to continue
our credit relationship with Silicon Valley Bank. The bank has tremendous
experience with early stage high technology companies, and consequently
understands our financing requirements very well. Their continuing financial
support and counsel are valuable resources that will be most helpful as we
continue to progress through our development stages."
NUKO Information Systems Inc., headquartered in San Jose, is a provider of
technology which enables the end-to-end networking of broadcast quality video.
NUKO's Intelligent Broadband Service Network (IBSN) solution uses
open-systems, standards-based MPEG-2 methodology. These products enable users
to digitally encode, compress, transmit, decode and store video signals for a
complete range of applications including distance learning, tele-medicine,
broadcasting, conferencing, entertainment and authoring.
|
