Global Med Technologies(R), Inc. Secures $6 Million Credit Facility From Silicon Valley Bank for Inlog Acquisition
June 20 2008 - 7:00AM
PR Newswire (US)
Loan Facility Paves Way for Inlog Closing by End of Month DENVER,
June 20 /PRNewswire-FirstCall/ -- Global Med Technologies(R), Inc.
("Global Med" or the "Company") (OTC:GLOB) (BULLETIN BOARD: GLOB) ,
an international e-Health, medical information technology company,
today announced it has secured a $6 million credit facility from
Silicon Valley Bank (SVB), a leading provider of diversified
financial services to companies in the technology, life science,
private equity and premium wine industries. The capital will be
used to complete its acquisition of Inlog, SA, Inlog, SAS, and its
German subsidiary ("Inlog"), a private European medical software
firm. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO )
Chairman and CEO of Global Med Technologies, Inc., Michael I.
Ruxin, M.D., stated, "We are very pleased that Silicon Valley Bank
has worked closely with us to facilitate this loan so quickly.
SVB's unique understanding of emerging growth and established
technology companies made the transaction process very smooth. Its
focus on specialized markets and extensive knowledge of the people
and business issues driving them provide a level of service and
partnership we looked for in a financial institution." Dr. Ruxin
continued, "Global Med is looking forward to completing the Inlog
acquisition and realizing our ability to provide products and
services that contribute to world health on a global scale."
"Silicon Valley Bank is proud to be Global Med's financial
partner," said Ryan Incorvaia of Silicon Valley Bank's Colorado
office. "We're pleased we can provide the company the resources it
needs to execute its global strategy." About Silicon Valley Bank
Silicon Valley Bank is the premier commercial bank for emerging,
growth and mature companies in the technology, life science,
private equity and premium wine industries. SVB provides a
comprehensive suite of financing solutions, treasury management,
corporate investment and international banking services to its
clients worldwide. Through its focus on specialized markets and
extensive knowledge of the people and business issues driving them,
Silicon Valley Bank provides a level of service and partnership
that measurably impacts its clients' success. Founded in 1983 and
headquartered in Santa Clara, California, the company serves
clients around the world through 27 U.S. offices and five
international operations. Silicon Valley Bank is a member of global
financial services firm SVB Financial Group (NASDAQ:SIVB), with SVB
Analytics, SVB Capital, SVB Global and SVB Private Client Services.
More information on the company can be found at
http://www.svb.com/. About Global Med Technologies, Inc. Global Med
Technologies(R), Inc. is an international e-Health medical
information technology company providing information management
software products and services to the healthcare industry. Its
Wyndgate Technologies(R) division is a leading supplier of
information management systems to U.S. and international blood
centers and hospital transfusion centers. Each year, Wyndgate's
products and services manage more than eight million blood
components, representing over 27% of the U.S. blood supply.
Wyndgate's products are also being used in Canada, Africa, and the
Caribbean. Wyndgate's software provides Vein-to-Vein(R) tracking
from donor collection to patient transfusion through its Donor
Doc(TM) interactive donor health history questionnaire, ElDorado
Donor(TM) and SafeTrace(R) donor management systems, to its
SafeTrace Tx(R) advanced transfusion management system. Global
Med's PeopleMed(R), Inc. subsidiary provides custom software
validation, consulting and compliance solutions to hospitals and
blood centers. PeopleMed's in-depth knowledge of Wyndgate's
products and the blood banking industry results in cost-effective
validation services, which leads to more efficient software
implementations and upgrades for our customers. For more
information about Global Med's products and services, please call
800-WYNDGATE or visit http://www.globalmedtech.com/,
http://www.peoplemed.com/ and http://www.wyndgate.com/. Silicon
Valley Bank is the California bank subsidiary and the commercial
banking operation of SVB Financial Group. Banking services are
provided by Silicon Valley Bank, a member of the FDIC and the
Federal Reserve. SVB Private Client Services is a division of
Silicon Valley Bank. SVB Financial Group is also a member of the
Federal Reserve. This news release may include statements that
constitute forward-looking statements, usually containing the words
"believe," "estimate," "project," "expects" or similar expressions.
These statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. By making these
forward-looking statements, the Company undertakes no obligation to
update these statements for revisions or changes after the date of
this news release.
http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO
http://photoarchive.ap.org/ DATASOURCE: Global Med Technologies,
Inc. CONTACT: Michael I. Ruxin, M.D., of Global Med Technologies,
Inc., +1-303-238-2000, ; or investors, Paul Holm, President of
portfoliopr.inc, +1-212-888-4570, , for Global Med Technologies,
Inc. Web site: http://www.globalmedtech.com/ http://www.svb.com/
http://www.peoplemed.com/ http://www.wyndgate.com/
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