LMG Gets Line of Credit

Light Management Group has secured a line of credit for an undisclosed amount with Citizens Banking Corp.

July 3, 2001

1 Min Read

NORCROSS, Ga. -- Light Management Group Inc., (NASD-OTC/BB: LMGR), developer of new applications in optical and light technologies, today announced that it has secured a line of credit for an undisclosed amount with Michigan financial institution Citizens Banking Corporation (NASD: CBCF).The line of credit will be used for underwriting Light Management Group’s operational expenses in LMG’s Research & Development branch, US Operations branch, marketing endeavors and obtainment of additional personnel. "Light Management Group is proud to have secured a line of credit with one of America’s most established and respected financial institutions," said Barrington L. Simon, CEO & Chairman of Light Management Group Inc. "As we continue to build name recognition and aggressively promote our products, this transaction represents our first foray into establishing active financial relationships with renowned creditors. We recognize that LMG’s new association with Citizens Bank will assist in achieving our firm’s short and long-term financial objectives."Light Management Group Inc.

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