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Article: PetQuarters, Inc. Receives $1.45 Million in Financing.
- Article from:
- PR Newswire
- Article date:
- September 7, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. 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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LONOKE, Ark., Sept. 7 /PRNewswire/ --
PetQuarters, Inc. (OTC Bulletin Board: PDEN) announced today that it had received a total of $1.45 million in loans from two separate lenders. The funds are being used primarily for inventory purchases, payment of debt, and general working capital needs.
PetQuarters' CEO Steve Dempsey stated, "This additional financing represents a very important step in the continued development of Pet Quarters. Given the difficulties of the capital markets as well as the overall economic environment, we are pleased to have attained these significant financings. We remain focused on achieving positive cash-flow, and believe our ...