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Tuesday, August 31, 2004 1:18:11 PM
ICEW - news 
IceWEB, Inc. Secures $500,000 Comerica Credit Facility
8/31/2004 1:12:00 PM
RESTON & HERNDON, Va., Aug 31, 2004 (BUSINESS WIRE) -- Comerica Bank (CMA), a leading financial services company, and IceWEB, Inc. (OTB BB: ICEW), a diversified technology company, announced today that Comerica's Technology and Life Sciences Division has provided IceWEB with a $500,000 line of credit.
"We are pleased to provide this credit facility to IceWEB, a public company helping to meet the online training and communications needs of its clients, which range from small to mid-size companies to larger associations and Fortune 500 enterprises," said April Young, senior vice president and mid-Atlantic managing director of Comerica's Technology and Life Sciences Division.
IceWEB, Inc. provides integrated enterprise networking and security solutions, content delivery software and professional consulting services to both public and private enterprises worldwide.
"Comerica impressed us as a bank firmly committed to the technology sector," said Michael Cachine, Sr., chief operating officer, IceWEB Inc. "Comerica has the resources and service offerings to meet our working capital and other financial needs."
About IceWEB
IceWEB, Inc. (OTB BB: ICEW) provides integrated enterprise networking and security solutions, content delivery software and professional consulting services to both public and private enterprises. IceWEB's products, including IceWEB CMS, IceWEB Studio, IceSHOW, Propster, IceWEB Portal and Learningstream.com, allow users to independently manage, create and deliver mission critical information and data quickly and affordably. IceWEB's security and networking solutions, combined with our professional consulting services, help our customers maximize their IT infrastructure for tighter data management, stronger system control and greater return on investment. For more information on our products and services, call IceWEB at 703.964.8000 or visit www.iceweb.com. IceWEB(TM) products and services are available on GSA Contract # GS-35F-5149H.
About Comerica Bank's Technology and Life Sciences Division
Comerica's Technology and Life Sciences Division is one of the nation's leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies, as well as their more mature counterparts. The Technology and Life Sciences Division serves all major U.S. technology centers from offices coast-to-coast. Comerica is among the 20 largest banking companies in the nation, with $55 billion in total assets as of June 30, 2004.
SOURCE: IceWEB, Inc.
Comerica
Wayne Mielke, 313-222-4732
or
IceWEB
Susan MacDonald, 703-964-8000, ext. 149
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Copyright (C) 2004 Business Wire. All rights reserved.
IceWEB, Inc. Secures $500,000 Comerica Credit Facility 8/31/2004 1:12:00 PM
RESTON & HERNDON, Va., Aug 31, 2004 (BUSINESS WIRE) -- Comerica Bank (CMA), a leading financial services company, and IceWEB, Inc. (OTB BB: ICEW), a diversified technology company, announced today that Comerica's Technology and Life Sciences Division has provided IceWEB with a $500,000 line of credit.
"We are pleased to provide this credit facility to IceWEB, a public company helping to meet the online training and communications needs of its clients, which range from small to mid-size companies to larger associations and Fortune 500 enterprises," said April Young, senior vice president and mid-Atlantic managing director of Comerica's Technology and Life Sciences Division.
IceWEB, Inc. provides integrated enterprise networking and security solutions, content delivery software and professional consulting services to both public and private enterprises worldwide.
"Comerica impressed us as a bank firmly committed to the technology sector," said Michael Cachine, Sr., chief operating officer, IceWEB Inc. "Comerica has the resources and service offerings to meet our working capital and other financial needs."
About IceWEB
IceWEB, Inc. (OTB BB: ICEW) provides integrated enterprise networking and security solutions, content delivery software and professional consulting services to both public and private enterprises. IceWEB's products, including IceWEB CMS, IceWEB Studio, IceSHOW, Propster, IceWEB Portal and Learningstream.com, allow users to independently manage, create and deliver mission critical information and data quickly and affordably. IceWEB's security and networking solutions, combined with our professional consulting services, help our customers maximize their IT infrastructure for tighter data management, stronger system control and greater return on investment. For more information on our products and services, call IceWEB at 703.964.8000 or visit www.iceweb.com. IceWEB(TM) products and services are available on GSA Contract # GS-35F-5149H.
About Comerica Bank's Technology and Life Sciences Division
Comerica's Technology and Life Sciences Division is one of the nation's leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies, as well as their more mature counterparts. The Technology and Life Sciences Division serves all major U.S. technology centers from offices coast-to-coast. Comerica is among the 20 largest banking companies in the nation, with $55 billion in total assets as of June 30, 2004.
SOURCE: IceWEB, Inc.
Comerica
Wayne Mielke, 313-222-4732
or
IceWEB
Susan MacDonald, 703-964-8000, ext. 149
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
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