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Show Page twelve The National Enterprise , September 15, 1976 Volt Information Sciences Concludes Financing Agreement Galaxy Oil Expands Line of Bank Credit NEW YORK, N.Y. In a Manufacturers Hanover in move to increase its liquidity, full. The company is now able Volt Information Sciences conof its to borrow up to 85 (OTC 1.00, 1.375) has cluded a restructuring of its accounts receivable, which accounts receivable financing could free up as much as $1,750,000 of its working caparrangements. As part of its new financ- ital, the company said. ing program with ManufacThough the financing turers Hanover Trust Co. and agreement can be cancelled by United Virginia Factors, Volt either party upon sixty days paid off its present loan to notice, the management said it may choose to use a portion of the new funds available for additional research and development in the companys subsidiary, Autologic. As collateral for the loans advanced, Volt Information Sciences will pledge all its accounts receivable as well as its stock in Autologic. WICHITA FALLS, Texas Galaxy Oil Company (OTC 3.75, 4.125) has entered a $4 million revolving line of credit with First National Bank of Fort Worth which can be expanded to $7 million under certain circumstances. Galaxy said the line will be used for drilling and exploration. Total debt to the bank. Galaxy said, is about $2.7 million, Reach every businessman in the West. . . by county, net worth, number of employees, or type of business. If you want to deliver a sales message to business executives, we can handle it with our complete list of over 20,000 businesses. Each listing is current with chief executive and his title. Target marketing at its best. In addition we have on our files 28,000 other types of listings, from sports enthusiasts to school teachers, from senior citizens to yacht club members, from professional men to credit card holders, from private investors to high school seniors. Plus, if a personal sales or thank you letter is part of your package, we can produce it at a fraction of the cost and time of your best secretary. We can aid in your communication problems too, with our elite answering service. Let us help you pinpoint your market. Call us for an appointment. MAILING TRANS-AMERIC- A Div. of Trans-Americ- a Marketing Enterprise |