1 pm plc
("1pm" or the "Company")
Date: 20 March 2008
The board of 1pm plc, the AIM listed independent provider of asset finance
facilities to the smaller business community, is pleased to announce that it has
secured an additional £500,000 of banking facilities from two of its existing
lenders. The increase in banking facilities confirms 1pm's growing reputation
within the small ticket leasing market.
1pm is enjoying strong demand from smaller businesses whilst at the same time
maintaining a low bad debt ratio (below 3 per cent.) due to the application of
strict credit criteria and a definitive approval process.
Mike Johnson, Chairman 1pm plc 08707 397 397
Ian Callaway, SVS Securities plc 020 7638 5600
Nick Harriss, Blomfield Corporate Finance 020 7512 0191
Shane Dolan, Biddicks 020 7448 1000