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BW: EBIZ Enterprises Secures $7.1 Million Financing

Aug 26, 1999, 18:25 (0 Talkback[s])

"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 EBIZ."

"'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."

Press Release