"EBIZ Enterprises, Inc., a leading manufacturer and e-commerce
distributor of value-priced computer systems announced today that
it has completed the placement of a $7.1 million convertible debt
facility with J.E. Matthew, L.L.C."
"'We are pleased to have completed this funding which, we
believe, will provide a solid capital base to facilitate growth of
our operation, particularly our Linux based manufacturing
division,' said Jeffrey Rassas, the chief executive officer of
"'We believe that this funding will enhance our ability to
attract other capital, both debt and equity, in the near-term,'
added Stephen Herman, the president of EBIZ."