Avidbank Corporate Finance Provides $5,000,000 In Credit Facilities to ICU Eyewear, Inc.

  Avidbank Corporate Finance Provides $5,000,000 In Credit Facilities to ICU
  Eyewear, Inc.

Business Wire

PALO ALTO, Calif. -- October 16, 2013

Avidbank Corporate Finance, a Division of Avidbank that specializes in
technology and asset-based funding, has provided $5,000,000 of financing to
ICU Eyewear, Inc. of Berkeley, CA. The facilities will be used for working
capital flexibility and growth.

ICU Eyewear traces its roots back nearly 60 years. Since that time, it has
become a nationally recognized leader in reading glasses, sunglasses, and
outdoor sport eyewear. ICU Eyewear designs have transformed the reading glass
industry with fun styles, bright colors and unique patterns at affordable
prices for the everyday customer. ICU Eyewear has also been an innovator in
the outdoor eyewear category and was one of the first companies to offer
polarized lenses. (www.icueyewear.com)

“Avidbank is delighted to be a part of ICU Eyewear’s success and views this
company as a great addition to our Corporate Finance portfolio,” said Larry
LaCroix, Executive Vice President and Division Manager of the Corporate
Finance Division. “ICU Eyewear, Inc. is a solid company with exciting growth
plans, as well as great business discipline.”

“ICU Eyewear is delighted with our new partnership with Avidbank,” stated Rich
Conti, CEO of ICU Eyewear. “ICU needed a partner who understands the needs of
a high growth company, and Avidbank clearly fits the bill. We look forward to
growing together.”

About Avidbank

Avidbank Holdings, Inc. (OTCBB: AVBH), headquartered in Palo Alto, California
offers innovative financial solutions and services. We specialize in the
following markets: commercial & industrial, corporate finance, asset-based
lending, real estate construction and commercial real estate lending, and real
estate bridge financing. Avidbank advances the success of our clients by
providing them with financial opportunities and serving them as we wish to be
served – with mutual effort, ingenuity and trust – creating long-term banking


Avidbank Holdings, Inc.
Steve Leen, 650-843-2204
Chief Financial Officer
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