ETC Announces Completion of Sales-Leaseback Transaction Generating $4.0 million in Working Capital

Q: How long will it take to read this news story?

The story "ETC Announces Completion of Sales-Leaseback Transaction Generating $4.0 million in Working Capital" has 483 words across 20 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "ETC Announces Completion of Sales-Leaseback Transaction Generating $4.0 million in Working Capital" was covered 10 hours ago by GlobeNewswire, a news publisher based in China.

Q: How trustworthy is 'GlobeNewswire' news outlet?

GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news. The outlet is headquartered in China and publishes an average of 31 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23906622</li><li>URL: https://beamstart.com/news/etc-announces-completion-of-sales-17327194257474</li></ul>

GlobeNewswire 10h ago

ETC Announces Completion of Sales-Leaseback Transaction Generating $4.0 million in Working Capital - GlobeNewswire

Quick Summary:

Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "future", "predict", "potential", "intend", or "continue", and similar expressions.

The assets have been leased back for an initial term of thirty (30) months ("Initial Term”) and the Lease includes specified end of initial term provisions including extending the lease for an additional year, return the equipment to the Lessor or purchase the equipment at a pre-negotiated price.

SOUTHAMPTON, Pa., Nov.27, 2024 (GLOBE NEWSWIRE) -- Environmental Tectonics Corporation (OTC Pink: ETCC) ("ETC” or the "Company”) announced that on November 26, 2024, the Company closed a transaction for the sale and lease back of demonstration equipment located in Southampton, Pennsylvania.