Article: RFID, LTD. Announces LOI for $75,000,000 Credit Facility Through RFID Leasing Company, LLC.

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 ...

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