Account receivables financing is a highly efficient means of satisfying many financial demands and has been employed in various forms for centuries. Notwithstanding the history and breadth of funding techniques, this article states that receivables are generally inefficiently funded despite their characteristics as one of the most creditworthy and liquid...
Receivables have become a vital component of financing, and a growing percentage of all receivables financing is international. Yet under the laws of many countries, certain forms of receivables financing are still not recognized.2 Even in transactions involving countries where this form of financing is possible, determining which law governs...
BOCA RATON, Fla.--BW HealthWire--March 12, 1997--Metropolitan Health Networks Inc. (NASDAQ:MDPA) announced Wednesday it has executed a Letter of Intent with Providers Financing and Systems Inc., of Wayne, Pa. ("PFS"), to make available to the company $10 million, using the company's current account receivables and those of future acquisitions.
The current adverse financial structure of the healthcare industry has placed hospitals, medical groups, private practitioners and other providers in a perilous position. Cumbersome and bureaucratic third party billing systems with long time-to-collection waiting periods have resulted in inconsistent cash flows and limited capital for growth. Nationwide, two-thirds of physicians...
David A. Bending, President and CEO of Shoreham Resources Ltd. (TSX VENTURE: SMH) is pleased to announce that the Company has received conditional approval from the TSX Venture Exchange for a $1,100,000 non-brokered private placement which replaces our initially announced private placement from April 21, 2008 as News Release 2008-08....
Mayor C. Ray Nagin and other officials today will hold a ribbon cutting for the completion of Wisdom Manor, a 33-unit, affordable, independent-living facility for the elderly at 8900 Quince St. The event is scheduled for 11:45 a.m. Nagin will be...
WESTON, Fla. -- American Scientific Resources, Inc. (Pink Sheets: ASFX) today announced that the Company has received a commitment for a line of credit of up to five million dollars with Ashford Finance, Inc., a prominent New York based corporate financing entity. The multi-million dollar line of credit must be...
Lpath, Inc. (OTCBB: LPTN), the categoryleader in therapeutic agents against bioactive lipids, reported the receiptof approximately $6.4 million in a private placement of unregistered sharesof Class A common stock. The shares were issued at a price of $0.95 per share, with each investoralso receiving warrants to purchase the number...
In the news release, " Lpath Receives$6.4 Million Equity Financing," issued earlier today by Lpath (OTCBB: LPTN), we are advised by the company that the amount of equityfinancing received should have been "$6.7 million" rather than "$6.4million" as originally issued, that NovaQuest did not participate inthis round of financing,...
BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...
New Stream Capital announced today that ithas provided financing to Snapware, a leading manufacturer of food andhome-storage containers. Secured by Snapware's intellectual property,accounts receivable and inventory, the $8.5 loan will provide workingcapital to support the company's continued growth. "Snapware is a growth company with strong intellectual property, atrack-record of...
WENR Corp.(PINKSHEETS: WNRC), announced today its August Letter to Shareholders. Dear Shareholders, I am taking this opportunity to update you on our current progress. -- We will be creating a Finance Division, through our partners who will lend up to $500,000. The qualifications for financing...
New Bank Facility Oversubscribed FORT LAUDERDALE, Fla. -- Republic Services, Inc. (NYSE: RSG) today announced that Bank of America Securities LLC and J.P. Morgan Securities Inc. have arranged a syndicate of lenders committed in writing to the entire amount of Republic's proposed new $1.75 billion senior unsecured revolving...
NEWTON, Mass. -- Novelos Therapeutics, Inc. (OTCBB: NVLT), a biopharmaceutical company focused on the development of therapeutics to treat cancer and hepatitis, today announced that it received $3 million from the sale of 4,615,384 shares of its common stock at $0.65 per share to two accredited investors. The shares of...
SEATTLE -- Techalt, Inc. (Pink Sheets:TCLT) ("Techalt" or the "Company") announced today that it has commenced negotiations to partner with Cascadia Industries Incorporated ("Cascadia"). The Company received a signed letter of intent from Cascadia outlining a proposed stock purchase agreement by the Company. David Moore, president of Techalt, stated, "We're...
Up Rounds Outpace Down Rounds for 18th Consecutive Quarter MOUNTAIN VIEW, Calif. -- Fenwick & West LLP, one of the nation's premier law firms providing comprehensive legal services to high technology and life science clients, today announced results of its Second Quarter 2008 San Francisco Bay Area Venture...
NEW YORK, Aug. 18 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited today announced that it has received a bank commitment for a new $320 million senior secured amortizing term loan facility. The five-year facility, underwritten by Nordea Bank Finland Plc, Bayerische Hypo- und Vereinsbank AG, Sumitomo Mitsui Banking...
NORTH HUNTINGDON, Pa., Aug 18 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corporation today announced it has received several inquiries from its shareholders regarding the sale of equities to fund the company's recent acquisitions and the company has elected to elaborate. The company receives no less than three...
BIRMINGHAM, Ala., Aug. 18 /PRNewswire/ -- Sterne, Agee & Leach, Inc. served as the sole senior manager on a $24,270,000 Series 2008 Macon Water Authority financing that closed August 14. The Macon Water Authority recently issued Water and Sewer Refunding Bonds, saving taxpayers over $1,000,000 in debt...
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