Volt Information Sciences Reports Update on Short-Term Financing Program
27 Februar 2013 - 10:30PM
Business Wire
Volt Information Sciences, Inc. (OTC: VISI) today announced the
extension to March 15, 2013 of the financing facility and the
requirement to provide audited financial statements for its fiscal
2009 and 2010 years under its $150 million Short-Term Financing
Program (“Short Term Financing Program”). The underlying borrowing
agreement was also extended to March 15, 2014 from its previous
February 28, 2014 expiration date. The due date for audited
financial statements for fiscal 2011 of May 31, 2013, and the due
date for audited financial statements for fiscal 2012 of September
30, 2013, are unchanged. The Company’s short-term financing program
provides for Company borrowing secured by receivables related to
its staffing services business.
Volt Information Sciences, Inc. is a leading provider of global
infrastructure solutions in technology, information services and
staffing acquisition for its FORTUNE 1000 customer base. Operating
through an international network of servicing locations, the
Staffing Services Segment fulfills IT, engineering, administrative,
and industrial workforce requirements of its customers, for
professional search and temporary/contingent personnel as well as
managed services programs. Technology infrastructure services
include telecommunications engineering, construction, and
installation; and IT managed services and maintenance.
Information-based services are primarily directory assistance,
operator services, database management, and directory printing.
Visit www.volt.com.
Volt Information Sciences (AMEX:VISI)
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