Thermo Credit, LLC Provides $4.5 Million in Funding to Access Point, Inc.
Thermo Credit, LLC, the leading provider of financial services to the telecommunications industry, today announced the funding of a $4.5 million facility to Access Point, Inc.
Thermo Credit, LLC Provides $3 Million in Funding to US Starcom.
NEW ORLEANS, LA – July 15, 2008 – Thermo Credit, LLC, a funding company focused exclusively on opportunities in the telecommunications industry, announced today that it has provided US Starcom, a supplier of long distance dial tone and prepaid phone cards for domestic and international calls in the United States, with a $3 million asset based loan for operations enhancement and expansion.
Phil Pedone, Vice President of Sales for Thermo Credit commented, “We are excited about their unique business model and the chance to work with such an experienced management team. I have no doubt that, with our facility in place, they will continue to experience strong growth and meet their financial objectives.”
John DiDomenico, CEO of US Starcom, commented “We’ve been extremely fortunate to have found a company that has such a thorough understanding of the telecom world,” stated DiDomenico. “Their ability to comprehend our unique industry slant and focus on the important issues made completing this agreement ‘easy work’. Kudos to a terrific Thermo team.”
About US Starcom
US Starcom, Inc., a holding company, through its wholly owned subsidiaries serves the growing community of Latin Americans residing in the U.S., primarily with cash remittance and telecommunications products and services. The Company’s Bell Latino Multi-Services Inc subsidiary owns and operates “Tiendas”, small stores that provide money remittance service, telephone calling, internet access, bill payment, phone cards and other products and services. US Starcom is a leader in providing value added services to enhance communications and entertainment. With a sales distribution network extending to thousands of urban locations, U.S. Starcom continues its rapid expansion into the distribution of alternative communication products and services, including music, international long distance, prepaid services, wireless dial around applications, stored value services, money debit cards, and internet service enhancements. For more information, visit http://www.usstarcom.com or contact companyinformation@usstarcom.com.