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Re: DD-214 post# 67740

Monday, 04/05/2010 11:50:57 AM

Monday, April 05, 2010 11:50:57 AM

Post# of 103340
"Crestmark moved very quickly to approve this customer's credit"

Just so everyone understands... This is clearly invoice factoring based on the customer's creditworthiness, not EXPH's. However, as I read this, it sounds to me like this is just saying that they got approval to included "this" customer under the existing factoring agreement... Anyone read it differently?

Also, I do not see that there was an increase (yet) as was in the previous news... "The company will seek increased credit from Crestmark bank to support this project."