NEW ORLEANS, LA - March 26, 2007 - Thermo Credit, LLC, a receivables funding company that focuses exclusively on opportunities in the telecommunications industry, announced today that it has entered into an agreement with Avvid Technologies, Inc. to provide an initial $500,000 in contract financing and is currently providing an additional $200,000 in receivables based financing.
Seth Block, Executive Vice President of External Operations for Thermo Credit commented, “Avvid’s triple-play model is one we truly believe in. We feel that Avvid’s management team will excel in carrying out this plan.”
Minnesota-based Avvid Technologies is a leading provider of telephone, high speed Internet, and digital television services to multiple dwelling units and commercial businesses. “Avvid is very excited about the new relationship with Thermo Credit,” states Avvid Technologies president John Huddock. “The credit facilities will support the rapid growth that Avvid plans in the upcoming years.”
About Thermo Credit, LLC
Thermo Credit is a receivables funding company specializing in the telecommunications industry. Thermo Credit serves established, well-run telecom companies that need capital to expand their businesses. Thermo Credit works with Long Distance Resellers, Competitive Local Exchange Carriers, Internet Service Providers, Wireless Carriers and various other telecommunications
companies. For more information, please contact Seth Block at 504-620-3101 or
seth@thermocredit.com or visit www.thermocredit.com.
About Avvid Technologies, Inc.
Avvid Technologies is a leading edge technology company that has provided communications services successfully for the past ten years. The Minnesota-based company is a Competitive Local Exchange Carrier and ISP, dedicated to providing Voice over Internet Protocol and Analog
Telephone Managed Services to both commercial businesses and residential multiple housing complexes. For more information, please contact John Huddock Jr. at 952-960-2300 or jhuddock@avvidtech.net or visit www.avvidtech.net.
