New Banking Facility for Reliant International Media LLC
January 22 2007 - 4:19AM
UK Regulatory
ResponzeTV PLC
New Banking Facility for Reliant International Media LLC
On 11 January 2006, the Company announced the completion of the acquisition of
Reliant International Media LLC (`Reliant'). It was also announced that, as part
of the arrangements, the Company had agreed to arrange for a new US$2m banking
facility to be made available to Reliant.
The Company is pleased to announce that Grand Pacific Finance Corp has agreed to
provide a US$2 million revolving credit loan to Reliant. The loan will be
primarily used for financing Reliant's purchase of media airtime and inventory.
22 January 2006
For further enquiries contact:
Steven Goodman,
Executive Chairman, ResponzeTV PLC
+852 2295 1161
Tom Steiner,
Edelman Financial, London
+44 (0)20 7344 1290
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