Message #18 From:
Stock News Bot Date: December 21, 2006 08:45:00 AM
LINK News Interlink Electronics Obtains New Line of Credit
CAMARILLO, Calif.--(BUSINESS WIRE)--Interlink Electronics, Inc. (Pink Sheets:LINK) today announced it has
obtained a line of credit with Silicon Valley Bank. The line of credit
is secured against accounts receivable and other assets. Under the one
year term of the agreement, the Company has the ability to draw up to $5
million in cash borrowed against accounts receivable.
“This is an important first step to enhance
our financial position,” said E. Michael
Thoben, President, CEO and Chairman of Interlink Electronics. “We
will continue to pursue additional financing alternatives and ways of
reinforcing our balance sheet in order to execute our growth strategies.”
About Interlink Electronics, Inc.
Interlink Electronics, Inc. (Pink Sheets:LINK) is a global leader in the
design, development and manufacture of intuitive human interface
products and technologies. Setting tomorrow’s
standards for electronic signature and e-notarization products, advanced
remote controls and consumer electronics interface solutions, Interlink
has established itself as one of the world’s
leading innovators of intuitive interface design. With more than 80
patents around the world protecting its technologies and products,
Interlink Electronics serves a world-class customer-base from its
corporate headquarters in Camarillo, California and offices in Japan,
Taiwan, Hong Kong and China. For more information, see http://www.interlinkelectronics.com.
This release contains forward-looking statements that involve a
number of risks and uncertainties.The following are among the
factors that could cause actual results to differ materially from the
forward-looking statements: the sufficiency of cash, credit lines and
other sources to finance our operations; the results of pending
litigation; business conditions and growth in the electronics industry
and general economies, both domestic and international; lower than
expected customer orders; delays in receipt of orders or cancellation of
orders; competitive factors, including increased competition, new
product offerings by competitors and price pressures; the availability
of third party parts and supplies at reasonable prices; changes in, and
acceptance by our market of, our product mix; significant quarterly
performance fluctuations due to the receipt of a significant portion of
customer orders and product shipments in the last month of each quarter;
and product shipment interruptions due to manufacturing problems. The
forward-looking statements contained in this document regarding Interlink’s
financial results, industry and revenue trends, the filing of reports
with the Securities and Exchange Commission and future business
activities should be considered in light of these factors.
