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Article: RFID, LTD. Announces LOI for $75,000,000 Credit Facility Through RFID Leasing Company, LLC.
- Article from:
- Business Wire
- Article date:
- March 19, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DENVER & CHICAGO -- RFID, LTD announces signing a Letter of Intent with RFID Leasing Company LLC, a division of Allegiance One Leasing Company, LLC, headquartered in Chicago. The companies will work together to facilitate the leasing, usage and marketing of RFID hardware solutions and RFID devices through a planned private label Program credit facility. The Program is expected to handle client transactions of $25K to $2.5M with an anticipated initial partnership commitment of $75,000,000 from RFID Leasing over a two-year period.
Nicholas Chavez, President of RFID, LTD. states, "This is an excellent relationship for us at this stage of the RFID compliance-mandate ...