Oldsmar, Fla. (PRWEB) October 29, 2008
Network Liquidators, Inc. (http://www.networkliquidators.com), a buyer and seller of high-quality pre-owned and refurbished networking and telecommunications equipment, has recently closed a private financing of more than $6 million to support the Company's growth. GunnAllen Financial acted as the placement agent in this financing.
The Company also recently closed on a $10 million credit facility with Bank of America, which replaced a similar facility with another bank.
"We believe closing on these two transactions during such tough economic times speaks volumes about the continued progress of our organization," says CEO Barry Shevlin. "We look forward to increasing our product offerings to provide even greater service to our clients."
About Network Liquidators
Network Liquidators (http://www.networkliquidators.com) is one of the nation's largest sources for the purchase and sale of high quality pre-owned networking and telecommunications equipment from manufacturers such as Cisco Systems, Nortel Networks, Avaya and Polycom. With a trademark of exceptional service and support, Network Liquidators serves more than 12,000 end-user and reseller customers in more than 20 countries and includes a lifetime warranty. The Company assists customers in developing dependable solutions at a reasonable total cost of ownership, as well as converting out-of-service or decommissioned equipment into cash. Founded in 2001, Network Liquidators is based in Oldsmar, Fla. The Company debuted on the Inc. 500 in 2006, and management has driven revenue to more than $41 million in seven years.