CYCOMM (CYII)-on aquisition trail Message Board

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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail

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To: James W. Bradsh who wrote (927)	12/23/1997 1:29:00 PM
From: James W. Bradsh	Read Replies (1) of 1800

Press Release, 12/23/97, 7:00 a.m. EST "Cycomm International Inc. (Amex: CYI) today announced it closed on a new revolving, secured line of credit of $4.0 million to meet the growing demand for the Company's line of rugged and secure mobile computers. The line of credit, obtained from American Commercial Finance Corp., a subsidiary of HPSC, will finance inventory and receivables. About $2.1 million of the proceeds will be used to repay existing lines of credit with the remaining credit being available for current and future working capital needs, the Company said. Cycomm President and Chief Executive Officer Albert I. Hawk stated, "this credit provides additional financial resources to support our fast-growing operations while maintaining the strength of our financial condition. With the backlog that we expect to ship in the fourth quarter of 1997 and early 1998, this line of credit is a significant element of our continued growth."

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