CONCORD, Mass., Oct. 7 /PRNewswire/ -- Starmet Corporation (Nasdaq: STMT),
a Concord, Massachusetts based manufacturer of specialized metal products,
today announces completion of negotiations with State Street Bank, its primary
lender, for a Secured Declining Revolving Line of Credit having a final
maturity of June 10, 2001. The Company believes that this credit agreement
provides Starmet with sufficient credit availability to meet its ongoing
financial needs.
For further information, please contact:
Gary Mattheson
Chief Financial Officer
(978) 369-5410, ext. 203
Special Note Regarding Forward-looking Statements:
Statements contained herein that are not statements of historical fact are
"forward-looking statements." The words "believe," "expect," "anticipate,"
"intend" and "plan" and similar expressions identify forward-looking
statements. Such forward-looking statements are based on a number of
assumptions and involve a number of risks and uncertainties, and, accordingly,
actual results could differ materially from those projected in the forward-
looking statements. Factors that may cause such differences include, but are
not limited to: the effects of government regulation; the need for additional
financing to fund growth, continued and future acceptance of the Company's
products and services; and the presence of competitors with greater technical,
marketing and financial resources. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as to the
Company's expectations as of the date the statement was made.
Company News on Call: http://www.prnewswire.com or fax,
800-758-5804, ext. 632850
Web Site: http://www.starmet.com
SOURCE Starmet Corporation
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Related links:
http://www.starmet.com
Company News On-Call:
http://www.prnewswire.com/comp/632850.html or fax,
800-758-5804, ext. 632850
CONTACT:
Gary Mattheson of Starmet, 978-369-5410,
ext.203
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