Private Business (NASDAQ:PBIZ)
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Private Business, Inc. (NASDAQ:PBIZ), ("PBiz"), a
provider of technology-based solutions for community financial
institutions and their small business customers, today announced that
it has amended its current credit facility to increase the borrowing
availability from $18.0 million to $19.75 million. In addition to the
expansion, the Company also announced that First Horizon Bank and The
Peoples Bank of Winder, Georgia, have joined Bank of America as
lenders under the facility.
Commenting on the amendment, Chief Executive Officer of PBiz, Lynn
Boggs, stated, "We are pleased to have increased the borrowing
capacity on our existing facility. We are equally pleased to have
added two high quality institutions to our lending group and are
gratified by the confidence they have shown in Private Business."
About PBiz
Private Business, Inc. (PBiz) offers a fully featured strategic
product suite that provides core data processing, item processing and
check imaging, ACH origination and processing, remote check capture
and deposit processing, accounts receivable financing solutions, a
teller automation system, turn-key leasing solutions, financial
institution website design and hosting and retail inventory management
services. PBiz believes its full suite of products and services will
allow financial institutions and their small- to medium-sized business
customers to better compete more effectively in today's aggressive
financial services marketplace, grow their trusted financial
relationships and provide increased profitability through the
efficient use of technology and an expanded community presence.
For more information about PBiz, or its line of products for
community financial institutions, please visit us on the web at
www.pbizinc.com or contact marketing via email at pbiz@pbizinc.com or
call, 800-235-5584.
Safe Harbor Statement
Certain statements made in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are based on management's current expectations and include
known and unknown risks, uncertainties and other factors, many of
which the Company is unable to predict or control, that may cause the
Company's actual results or performance to materially differ from any
future results or performance expressed or implied by such
forward-looking statements. These statements involve risks and
uncertainties, including, without limitation, risks and uncertainties
associated with the ability of the Company's suite of products and
services to enhance the competitiveness of its clients. These and
other risks and uncertainties the company faces are detailed from time
to time in the Company's filings with the Securities and Exchange
Commission. The Company cautions investors that any forward-looking
statements made by the company are not necessarily indicative of
future performance. The Company is not responsible for updating the
information contained in this press release beyond the published date,
or for changes made to this document by wire services or Internet
services.