Information  X 
Enter a valid email address

1PM plc (OPM)

  Print      Mail a friend       Annual reports

Thursday 29 November, 2007

1PM plc

New Debt Facilities

1PM PLC

("1PM" or the "Company")

New Debt Facilities


The board of 1PM, the AIM quoted independent provider of asset finance facilities to small businesses, is pleased to
advise shareholders of a significant increase in bank facilities available to the Company.

Two of the Company's existing funders have reviewed and increased the facilities made available to the Company by a
total of £500,000 and a third funder has reinstated a line of £500,000. This increases the total funding lines available
to the Company from £1,000,000 to £2,000,000. Of this facility the funds available for lending have increased from
£132,000 to £848,730, an increase of 543%. All funding lines are on a revolving basis.

Mike Johnson, Executive Chairman, commented, "These increases clearly demonstrate the confidence our funders have in the
repositioning of the Company and the depth of experience within the restructured Board, thus enabling us to maximise
these revolving facilities and continue developing the business in line with designated projections."

29 November 2007

For further information, contact:

1pm plc                                         Mike Johnson      08707 397 397
                                                Chairman

Blomfield Corporate Finance Limited             Nick Harriss      020 7512 0191

SVS Securities plc                              Ian Callaway      020 7638 5600