Isomet Debt Repayment
01 Mars 2006 - 3:41PM
PR Newswire (US)
SPRINGFIELD, Va., March 1 /PRNewswire-FirstCall/ -- Isomet
Corporation (Pink Sheets: IOMT) announced today that the Company's
bank debt totaling $l,487,000 was paid in full on February 10,
2006. This amount was paid from the proceeds of key man insurance
coverage on the life of Henry Zenzie, President and CEO, who died
in January, 2006. The bank line of credit in the amount of
$1,500,000 has been terminated. DATASOURCE: Isomet Corporation
CONTACT: Jerry W. Rayburn of Isomet Corporation, +1-703-321-8301
Web site: http://www.isomet.com/
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