Volt Information Sciences Reports Update on Short-Term Financing Program
NEW YORK -- February 27, 2013
Volt Information Sciences, Inc. (OTC: VISI) today announced the extension to
March 15, 2013 of the financing facility and the requirement to provide
audited financial statements for its fiscal 2009 and 2010 years under its $150
million Short-Term Financing Program (“Short Term Financing Program”). The
underlying borrowing agreement was also extended to March 15, 2014 from its
previous February 28, 2014 expiration date. The due date for audited financial
statements for fiscal 2011 of May 31, 2013, and the due date for audited
financial statements for fiscal 2012 of September 30, 2013, are unchanged. The
Company’s short-term financing program provides for Company borrowing secured
by receivables related to its staffing services business.
Volt Information Sciences, Inc. is a leading provider of global infrastructure
solutions in technology, information services and staffing acquisition for its
FORTUNE 1000 customer base. Operating through an international network of
servicing locations, the Staffing Services Segment fulfills IT, engineering,
administrative, and industrial workforce requirements of its customers, for
professional search and temporary/contingent personnel as well as managed
services programs. Technology infrastructure services include
telecommunications engineering, construction, and installation; and IT managed
services and maintenance. Information-based services are primarily directory
assistance, operator services, database management, and directory printing.
Volt Information Sciences, Inc.
James Whitney, 212-704-7921
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