SOURCE: DecisionPoint Systems, Inc.

February 17, 2011 08:00 ET

DecisionPoint Renews and Increases Bank Credit Line

FOOTHILL RANCH, CA--(Marketwire - February 17, 2011) - DecisionPoint Systems, Inc. (OTCBB: DNPI), a leading provider of Enterprise Mobility, Professional Services and RFID solutions, today announced that the Silicon Valley Bank has renewed the company's credit line for two years. The Company's credit facility now totals $13.0 million consisting of a $10.0 million line of credit and a $3.0 million term loan. The company's original 2010 credit facility of $8.5 million was increased to a total facility of $10.0 million in December, in order to provide funding for the acquisition of CMAC, Inc., which was completed on December 30, 2010.

"The two year renewal and increase of our credit line is evidence of both the strength of our business model and expanding opportunities for growth. The imperative for a mobile solution continues to grow and DecisionPoint's proven enterprise solutions are in high demand. We thank Silicon Valley Bank for the support it is giving us to execute our growth plans," said Nicholas Toms, CEO of DecisionPoint.

About DecisionPoint Systems, Inc.

DecisionPoint Systems, Inc. (OTCBB: DNPI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies. For more information visit: http://www.decisionpt.com/news.php.

Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.

Contact Information

  • Company Contact:
    Nicholas R. Toms
    Chief Executive Officer
    T: 973-290-0100 ext 110
    ntoms@decisionpt.com

    Investor Relations Contact:
    Stephanie Prince/Jody Burfening
    Lippert/Heilshorn & Associates
    T: 212-838-3777
    sprince@lhai.com