Vicon Industries Makes Announcement
March 07 2016 - 1:37PM
Business Wire
Vicon Industries, Inc. (NYSE MKT: VII), a global producer of
end-to-end security solutions, today announced that on March 4,
2016, the Company entered into a Credit Agreement with NIL Funding
Corporation to provide the Company with a one year $3 million
revolving line of credit for working capital purposes.
NIL Funding Corporation is an affiliate of The InterTech Group,
whose Executive Vice President and Chief Operating Officer, Julian
A. Tiedemann, serves as Chairman of the Company’s Board of
Directors.
Eric Fullerton, Vicon’s CEO, said, “We are pleased to secure
this credit facility to support our working capital needs as we
continue execution of our key strategic initiatives.”
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version on businesswire.com: http://www.businesswire.com/news/home/20160307006412/en/
Vicon Investor RelationsCindy Schneider,
631-650-6201IR@vicon-security.com
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