Sherwood Park, Alberta / TNW-ACCESSWIRE / July 21st, 2014 / Virtutone Networks Inc. (“Virtutone” or the “Company”) (TSX Venture: VFX.V) is pleased to announce that it has secured a new $10 million line of credit with a tier one U.S. bank.
The line of credit is a one-year renewable term at a rate of prime plus 1.5% per annum. The facility is based on 85% of good accounts receivable.