(COMTEX) NUKO Information Systems renews credit line
NUKO Information Systems renews credit line
SAN JOSE, CALIF. (June 13) 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.
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CONTACT: NUKO Information Systems
Tom Spanier, 408/570-2280 |
