Stealth Trucking Completes Negotiations to Increase Credit Line
June 18 2010 - 9:00AM
Business Wire
Stealth Trucking and CLXM Inc. (OTCBB: CLXM), are pleased to
announce the completion of a receivable finance program with
Capital Credit Incorporated, a national invoice factoring company.
The strategic relationship gives Stealth Trucking immediate cash
for accounts receivable, improving cash flow and thereby providing
vital working capital for national expansion.
“We are committed to providing financial support to Stealth
Trucking in these difficult economic times and are very pleased to
be able to extend our unparalleled service and unwavering
commitment to a company with the unprecedented growth such as
Stealth Trucking,” said Art Omega, Assistant VP of Capital Credit
Inc.
“Since May of this year, Stealth’s daily factoring volume has
increased by more than 40% and year-to-year volume has seen similar
growth. Accounts receivable factoring volume from new business is
up 48% over 2009,” said Jose Chavez, Stealth Trucking CEO.
About Stealth Trucking
Stealth Trucking is developing as a diverse transportation
logistics carrier - anytime, anywhere and through any
transportation medium. Stealth Trucking is a minority owned
business. For more information, visit
http://www.stealthtrucking.com
Forward Looking Statements
This press release includes “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements in this press release include expectations about the
anticipated benefits of the Stealth Trucking acquisition, which
involve risks and uncertainties that could cause actual results to
differ materially from results expressed or implied by these
statements. Factors that might cause or contribute to such
differences include, but are not limited to: difficulties
encountered in integrating merged businesses and the ability to
successfully combine product offerings and customer acceptance of
combined products.
For further discussion of these and other risks and
uncertainties, individuals should refer to the Company’s SEC
filings. Stealth Trucking undertakes no obligation and does not
intend to update these forward-looking statements to reflect events
or circumstances occurring after this press release. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
All forward-looking statements are qualified in their entirety by
this cautionary statement.