Dreams, Inc. (AMEX:DRJ) announced today that it has been approved for up to $23 million dollars in credit facilities with its senior lender, Comerica Bank. The initial credit provided was $18 million. The substantial increase comes less than one-year after Dreams named Comerica Bank as its new senior lender in June 2007. �In order to execute our business plans, it became apparent that we needed to secure an appropriate long-term commercial banking relationship," stated Dreams� President & CEO, Ross Tannenbaum. "That led us to Comerica Bank last year when we began a successful credit and non-credit relationship. Since then, Comerica has continued to support Dreams with a comprehensive suite of merchant and treasury management solutions to fulfill all of our depository and disbursement needs. �Comerica�s middle market banking group has been great to work with. They have been supportive of our corporate initiatives and have evidenced that support with a significant increase to our working capital line. The additional funds will permit our existing business models to remain aggressive and have the Company execute its 2008 business plan which calls for generating more than $91 million in consolidated revenues,� concluded Tannenbaum. DREAMS, INC. trades under the ticker symbol: AMEX:DRJ www.dreamscorp.com Statements contained in this press release, which are not historical facts, are forward looking statements. The forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made herein contain a number of risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, specific factors impacting the Company�s business including increased competition; the ability of the company to expand its operations and attract and retain qualified personnel, the uncertainty of consumer�s desires for sports and celebrity memorabilia; the availability of product; availability of financing; the ability to sell additional franchises; and general economic conditions.
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