Silynxcom (AMEX:SYNX)
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Synergx Systems Inc. (Nasdaq: SYNX) Announces Credit Line Renewal
SYOSSET, N.Y., March 10 /PRNewswire-FirstCall/ -- Synergx Systems announced
that it has agreed to a two year renewal of its credit facilities with Hudson
United Bank on comparable terms and conditions. Subject to execution of final
documentation, Synergx's new credit facility will run through June 2007.
Chairman and CEO Daniel Tamkin commented, "We are delighted to continue our
excellent relationship with Hudson United. We now have in place the financing
to carry forward with our marketing program for the next couple of years."
Synergx is engaged in the design, manufacture, marketing and service of a
variety of data communication products and systems with applications in the
fire alarm, life safety, security and communication industries.
"Safe Harbor" statement under the Private Securities Reform Act of 1995: This
release contains forward-looking statements, which reflect management's current
views of future events and operations. These forward-looking statements are
based on assumptions and external factors, including assumptions relating to
product pricing, competitive market conditions, financial data, and other risks
or uncertainties detailed from time to time in the Company's filings with the
Securities and Exchange Commission. These forward-looking statements represent
the Company's judgment as of the date of this release and any changes in the
assumptions of external factors could produce significantly different results.
DATASOURCE: Synergx Systems Inc.
CONTACT: John Poserina, Chief Financial Officer of Synergx Systems Inc.,
+1-516-433-4700