Tellza Renews Its Senior Demand Credit Facility for $4.0 Million
TORONTO, April 04, 2018 (GLOBE NEWSWIRE) -- Tellza Inc. (“TELLZA” or the “Company”) (TSX:TEL) announced today that it has renewed its senior demand credit facility for the principal amount of $4.0 Million. The senior lender will continue to have a first ranking security position over all of the assets of the Company and its subsidiaries.
“We have enjoyed a long-standing commercial relationship with our bank, and we are pleased to have a strong financial partner that understands and supports our business plan and growth strategy,” said Mike Vazquez, Chief Executive Officer of Tellza.
About TELLZA
TELLZA is a Technology and Financial Support Services company. TELLZA TECH is an ASP servicing the telecommunications market, including its own Carrier brands Phonetime and Matchcom. Through its investments in Rightway Funding and Merkez Faktoring, TELLZA facilitates secondary financings in the structured annuities market and in B2B working capital financing. TELLZA is a public company listed on the Toronto Stock Exchange (TEL).
Caution Regarding Forward Looking Information:
This press release contains forward-looking statements, which may be identified by words like "expects", "anticipates", "plans", "intends", "indicates" or similar expressions. These statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. TELLZA’s actual results could differ materially from those currently anticipated due to a number of factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time. See www.sedar.com which contains all securities files.
Contact:
Michael Vazquez, Tellza Inc., CEO
Phone - +954-624-8143
Email: mike@tellza.com
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.
