Love this part,,,,
stating YARC is engaged in exploratory negotiations with from my understanding of this PR,,,,a NASDAQ company.
CAMARILLO, Calif.--(BUSINESS WIRE)--Dec. 15, 1999--YARC Systems Corp. (OTCBB:YARC - news) today announced that, upon completion of the initial $10 million credit facility, an additional $25 million line of credit has been pledged by its lender.
This will enable YARC to shift its focus toward the acquisition of larger companies, such as those trading on the Nasdaq Small Cap and Nasdaq National Market exchanges.
This additional line may be drawn down upon approval by the lender of specific merger and acquisition opportunities.
YARC is continuing to identify companies that have bottom lines which can be quickly improved by the injection of YARC's LINUX, Internet and Postscript expertise.
YARC is currently engaged in exploratory negotiations with one such company.
Susie |
