| Vertical Communications Secures $10 Million Line of Credit with ...
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Vertical Communications (VRCC.OB) ("Vertical"), a leading provider of next-generation, IP-based phone systems and applications that help businesses better serve their customers, announced today it has secured a $10 million line of credit from SVB Silicon Valley Bank. The financing will be used for working capital and to support Vertical's growth strategies. SVB Silicon Valley Bank is the commercial banking arm of SVB Financial Group (NASDAQ: SIVB). "As we continue to transform Vertical and execute our growth strategy, it is important to establish a banking and lending relationship with a partner familiar with our industry and our business plan," said Bill Tauscher, chairman and chief executive officer. "The new line of credit facility with SVB Silicon Valley Bank allows us to pay off a higher cost short-term obligation and provides us with improved flexibility to manage our working capital requirements into the future." "SVB is proud of Vertical's success thus far," said Irina Case, senior relationship manager, SVB Silicon Valley Bank.
Q1 2007 American Safety Insurance Earnings Conference Call - Final
OPERATOR: Greetings, ladies and gentlemen, and welcome to the 2007 first-quarter results conference call for American Safety Insurance Holdings Ltd. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (OPERATOR INSTRUCTIONS). As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Steve Crim, President and Chief Executive Officer of American Safety Insurance Holdings Ltd. Thank you. Mr. Crim, you may begin. STEVE CRIM, PRESIDENT AND CEO, AMERICAN SAFETY INSURANCE SERVICES, INC.: Okay, thank you very much. Good morning and welcome to our conference call to discuss our results for the first quarter of 2007, which were issued after the market closed yesterday. In addition to those participating on this telephone conference, this conference call is being broadcast over the Internet.
Never-say-die Niwot advances
After legendary coach Bob Bote left the program following 28 seasons running the team and five state championships, it was natural for outsiders and rivals to question whether the Cougars would still have the skills and swagger necessary to keep the tradition going. Jason Lathrop's team had all the answers on an improbable Saturday at Butch Butler Field in which Niwot: Committed eight errors and was one strike away (twice) from having the season end before beating Liberty 6-5 in 10 innings. Ate lunch while watching the well-rested Mustangs take infield before beating Ralston Valley 11-6 in the afternoon game. The Cougars (15-9) — the No. 21 seed entering the District 4 Tournament, where they upset Pueblo South and Skyline — will play Thomas Jefferson on Friday at All-Star Park in Lakewood with a trip to the Class 4A state championship game on the line.
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