TeraGo Networks Inc.
TSX : TGO

TeraGo Networks Inc.

October 18, 2010 07:00 ET

TeraGo Networks Establishes $3.5 Million Operating Line of Credit

TORONTO, ONTARIO--(Marketwire - Oct. 18, 2010) - TeraGo Networks Inc. (TSX:TGO) (www.terago.ca), a leading network service provider to businesses in Canada, today announced that it has completed an agreement to establish a $3.5 million operating line of credit with the Royal Bank of Canada (RBC). The new credit facility is principally secured by the Company's accounts receivable. At present the line of credit is unused. This facility is in addition to the $10 million senior credit facility announced on October 13, 2010.

About TeraGo Networks

TeraGo Networks Inc. provides small and medium sized businesses with carrier-grade wireless broadband, data and voice communications services. The national network service provider owns and manages its wireless IP network servicing more than 5,000 customer locations in 43 major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver and Winnipeg. TeraGo Networks is a Competitive Local Exchange Carrier (CLEC) and is a wholly owned subsidiary of TeraGo Inc. (TSX:TGO). More information about TeraGo is available at www.terago.ca.

About RBC

Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name of RBC. We are Canada's largest bank as measured by assets and market capitalization and one of North America's leading diversified financial services companies. We provide personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. We employ approximately 70,000 full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients throughout offices in Canada, the U.S. and 36 other countries. For more information, please visit www.rbc.com.

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