June 10, 2007
West Palm Beach, Florida, June 1, 2007 – The ComVest Group has provided $24 Million in financing to Accelerated Care Plus Corp. (“ACP”) in the form of Convertible Preferred Stock through its ComVest Investment Partners III Fund. The proceeds will be used to retire subordinated debt and expensive lease financing arrangements, fund growth, purchase currently
April 25, 2007
WEST PALM BEACH, FL–Apr 25, 2007 — ComVest Group Holdings, LLC announced today that it has entered into a definitive agreement with EVCI Career Colleges Holding Corp. (NasdaqCM:EVCI – News) and participating management of EVCI that will provide gross proceeds to EVCI of $10,100,000 and the ability to secure letters of credit of up to
April 20, 2007
West Palm Beach, Florida, April 2007 – The ComVest Group has provided $8.0 Million in financing in the form of a $5M term loan and a $3M revolving loan facility for AFP Imaging Corporation (“AFP”) which will be used to retire a current revolver and fund the acquisition of Quantitative Radiology (“QR”), permitting AFP to
February 22, 2007
West Palm Beach, Florida, February 2007 – The ComVest Group, through its Non-Control Fund, ComVest Capital, LLC, has provided a $5.5 Million revolving credit and term loan to LaPolla Industries, Inc. (AMEX: LPA) (“LaPolla”). The credit facility is comprised of a revolving credit facility and a term loan to provide funds for the repayment and
January 22, 2007
West Palm Beach, Florida, January 2006 – The ComVest Group has provided a $6.0 Million revolving credit and term loan to Dellacasa, LLC (“Dellacasa”) which will be used to secure additional contracts to support further growth, including expansion into new locations. About Dellacasa Organized by Mr. Paolo Della Casa in 1999 and headquartered in Miramar,
December 29, 2006
West Palm Beach, Florida, December 2006 – The ComVest Group has provided a $3.5 Million in the form of two term loans for Barrier Wall of South Florida (“Barrier Wall”) which will be used to increase the company’s bonding capacity and provide additional working capital. Barrier Wall, a highway construction service company, is well-positioned for
December 14, 2006
West Palm Beach, Florida, December 2006 – The ComVest Group has provided a $5 Million senior, secured revolving loan for Controlled Semiconductor, Inc. ComVest anticipates that the revolving note will foster Controlled Semiconductor’s growth, enabling the company to decrease the time it takes for the building and delivery of products and permitting more competitive delivery
November 22, 2006
West Palm Beach, Florida, November 21, 2006 – The ComVest Group announced that it has provided $7.85 million in senior debt financing, through its non-control fund, ComVest Capital, to Unify Corporation (“Unify”) (OTC: UNFY.OB). Unify will use the proceeds to acquire Gupta Technologies, LLC (“Gupta”) from Halo Technology Holdings, Inc. (“Halo”). The financing is secured
October 3, 2006
West Palm Beach, Florida, October 3, 2006 – The ComVest Group, through its non-control investment fund, ComVest Capital, announced it will provide a $4.0 M term loan to Alanco Technologies, Inc. (NASDAQ: ALAN), to repay short-term notes and provide working capital to fund operations. Headquartered in Scottsdale, AZ, Alanco is a leading provider of wireless