BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders about the extending of the credit ceiling – contract no. 15 from 17.02.2016 with Patria Bank S.A. The ceiling remains dimensioned at value of RON 2.000.000.

The guarantees for this contract extention remain:

• Assignments of the accounts receivables from certain customers;
• personal  guarantee  from  the  Administrator, Mihai Logofatu

The Credit ceiling has a maturity of 12 months with possible renewal and will be continue to be used for financing short term projects with non-cancellable purchase order from customers.

CR23-current-report-ref-prelungire-linie-credit-Patria-Bank-english