CLEARWATER, Fla., April 22 /PRNewswire/ -- Level Best Golf, Inc. (Nasdaq BB: LBGF) announced today that the company has obtained a $3,000,000 line of credit from High Point Capital, LLC and affiliates of Raleigh, NC. This financing provides Level Best with capital to fuel its growth.
The company also stated that it has shipped and invoiced over $500,000 worth of products to major accounts, including The Sports Authority and Service Merchandise.
According to Level Best Golf President Fred L. Solomon these new receivables represent the single largest month the company has ever had.
Level Best Golf's recently completed AngleIron infomercial, which will air in early May, features Butch Harmon, Golf Digest professional advisory staff member and personal coach of Tiger Woods, winner of the 1997 Masters Golf Tournament.
Level Best Golf, Inc. markets golf improvement and training products and golf accessories. The company's unique line of training aids is led by the highly acclaimed AngleIron, the ultimate multi-purpose training club for all levels of play.
This news release contains forward-looking statements that involve risks and uncertainties. Actual results, including level of revenues, margins, and earnings, may differ from the results discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, changes in order quantities by customers and general conditions in the retail and leisure product markets.
SOURCE Level Best Golf, Inc.
CO: Level Best Golf, Inc.
ST: Florida
IN: REA
SU:
04/22/97 12:21 EDT prnewswire.com
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