SOURCE: Bridge Capital Holdings

Bridge Capital Holdings

September 02, 2011 06:00 ET

Bridge Bank Provides XOS Digital With $5 Million Line of Credit

SAN JOSE, CA--(Marketwire - Sep 2, 2011) - Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full service professional business bank headquartered in Silicon Valley, announced today it has provided XOS Digital with a $5 million line of credit to support its continued growth in the sports media industry.

"Bridge Bank's financial services have helped XOS Digital remain competitive in the sports technology sector by allowing our research and development teams to work diligently throughout the year," said Chris McCleary, CEO, XOS Digital. "Our cash flow remains strong in what is typically a seasonal market for sales of our products and services."

"XOS Digital is one of the most exciting and innovative companies in the sports media space," said Paul Gibson, senior vice president of Bridge Bank's Technology Banking group. "The marriage of their technology with premium sports media content has vaulted them to the forefront of online sports media. Bridge Bank is excited to assist XOS Digital with working capital and financial solutions tailored to its unique growth needs."

Founded in 1999, XOS Digital is the leading provider of digital asset management solutions for collegiate and professional sports organizations. Conference officials, league offices, coaching staffs and athletic departments rely on the XOS portfolio of products and services to manage, analyze, archive, distribute, protect and monetize their digital assets. The XOS Thunder™ Coaching Platform, XOS Xchange™, XOS PlayerOnDemand™, XOS Digital Licensing Portal™, and the XOS Digital Sports Network™ digital media distribution technology provide the most advanced, comprehensive digital asset management solution available in the world.

About Bridge Capital Holdings
Bridge Capital Holdings, formed in 2004, is the holding company for Bridge Bank, National Association (N.A.). Shares of Bridge Capital Holdings are traded on the NASDAQ Global Market under the symbol BBNK. For more information, visit www.bridgecapitalholdings.com.

About Bridge Bank, National Association
Bridge Bank, N.A. was founded in 2001 as a full-service professional business bank headquartered in Silicon Valley to meet the unique and varied needs of small and middle market businesses from across many industries, and at all stages -- from inception to IPO and beyond -- with an emphasis on corporate banking and emerging technology companies. Bridge Bank's team of highly-qualified, experienced business bankers create customized solutions to assist entrepreneurs, business owners, and managers to reach their goals.

Forward-Looking Statements

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements describe future plans, strategies and expectations. Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about the Company, the banking industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Company's ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company's operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.

The reader should refer to the more complete discussion of such risks in Bridge Capital Holdings' annual reports on Forms 10-K and quarterly reports on Forms 10-Q on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.