TAB Bank Provides InterMetro Communications With a $3 Million Senior Credit
OGDEN, Utah, Oct. 19, 2012 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce
that it has provided a $3 million senior credit facility through a multi-year
agreement for InterMetro Communications, Inc. (Ticker:IMTO) of Simi Valley,
TAB Bank (@TABBank) provides custom working capital solutions to commercial
businesses from many industries. These solutions are provided in all stages of
business life cycles during any economic conditions. TAB Bank does this
through Accounts Receivable Financing, Lines of Credit, Equipment Loans, Asset
Based Loans, Business Accounts, and Commercial Banking Services.
InterMetro Communications is a leading facilities-based IP communications
provider of enhanced voice and data communication services. InterMetro owns
and operates a national, private, proprietary voice-over Internet Protocol
(VoIP) network infrastructure powered by state-of-the-art switching equipment
and software. InterMetro's robust network transports carrier-quality,
cloud-based enhanced voice and data services that are packaged into customized
products. This network powers some of the industries' leading providers of
converged communication services such as: wholesale transport carriers,
wireless providers, broadband phone companies, VoIP service providers, prepaid
service providers, and voice-enabled application service providers.
InterMetro's experienced team has a customer-centric approach with a proven
track record of success.
"We were looking for a lending partner that could grow with us, and TAB Bank
is the type of partner we had in mind. We were very impressed with their team
of commercial finance professionals. As a high growth technology company, they
understood what we were looking for and they customized a solution that gives
us the financial footing to achieve our forecasted growth plans," commented
Charles Rice, Chief Executive Officer of InterMetro Communications.
"We are very excited with our new relationship with InterMetro
Communications," stated Gary Harding, Chief Credit Officer at TAB Bank. He
continues, "The company provides exceptional service and value to their
customer base. We are very much looking forward to working alongside their
experienced team as they work toward bringing their communication solutions to
a larger number of clients and grow their business."
Twitter - @TABBank
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