OGDEN, Utah, Oct. 19, 2012 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce that it has provided a $3 million senior credit facility through a multi-year agreement for InterMetro Communications, Inc. (Ticker:IMTO) of Simi Valley, CA.
TAB Bank (@TABBank) provides custom working capital solutions to commercial businesses from many industries. These solutions are provided in all stages of business life cycles during any economic conditions. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Loans, Asset Based Loans, Business Accounts, and Commercial Banking Services.
InterMetro Communications is a leading facilities-based IP communications provider of enhanced voice and data communication services. InterMetro owns and operates a national, private, proprietary voice-over Internet Protocol (VoIP) network infrastructure powered by state-of-the-art switching equipment and software. InterMetro's robust network transports carrier-quality, cloud-based enhanced voice and data services that are packaged into customized products. This network powers some of the industries' leading providers of converged communication services such as: wholesale transport carriers, wireless providers, broadband phone companies, VoIP service providers, prepaid service providers, and voice-enabled application service providers. InterMetro's experienced team has a customer-centric approach with a proven track record of success.
"We were looking for a lending partner that could grow with us, and TAB Bank is the type of partner we had in mind. We were very impressed with their team of commercial finance professionals. As a high growth technology company, they understood what we were looking for and they customized a solution that gives us the financial footing to achieve our forecasted growth plans," commented Charles Rice, Chief Executive Officer of InterMetro Communications.
"We are very excited with our new relationship with InterMetro Communications," stated Gary Harding, Chief Credit Officer at TAB Bank. He continues, "The company provides exceptional service and value to their customer base. We are very much looking forward to working alongside their experienced team as they work toward bringing their communication solutions to a larger number of clients and grow their business."
Source:InterMetro Communications, Inc.