V Band
V-Band Corporation
V – Band Corporation, a $30 million public company based in Elmsford , New York and listed on NASDAQ, is a leading supplier of turnkey instant access voice communication systems. These systems include sophisticated communications workstations, switching equipment, peripheral products, project management, technical services and wide area network solutions. Its products and services are used worldwide by financial service organizations for the trading of stocks, bonds and other financial instruments as well as mission critical communication requirements for the electric power industry and emergency services providers.
The National Bank of Canada , a major international financial institution, has total assts of over C$50 billion.
OEM Capital was asked to assist V-Band in finding a lender to provide a working capital line. The company, because of its recent history of unprofitable operations, had not been able to develop interest among commercial banks known to it to provide the necessary loan facilities and found the terms and conditions of non-bank lenders unattractive.
OEM Capital helped V-Band present its business prospects in their most favorable light and developed a marketing program which exploited banking contacts whose interests were known to us. Our presentation of the company’s prospects allowed V-Band to secure the desired credit line under favorable terms in a timely manner.
Our success with V-Band illustrates that , whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.