Monday, February 16, 2009

Zippi Founders Financially Committed

Source: CNNMoney.com

"Zippi Networks Inc. (PINKSHEETS: ZIPI), the "new way" to eBay, announced today that the Company is showing month-over-month growth of its Zipster network through its current radio marketing campaign...This initial surge of growth coming out of launch can be attributed to the previous completion of a secured line of credit with Heritage Bank of Commerce, (Silicon Valley, CA) on May 16, 2008 and July 24, 2008.

This SBA Line totaled one million two hundred and fifty thousand dollars ($1,250,000) in additional capital, of which seven hundred and fifty thousand ($750K) was personally secured and guaranteed by the company's founders...

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CNNMoney.com : Source Link

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