{"id":458025,"date":"2021-03-15T16:18:18","date_gmt":"2021-03-15T20:18:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458025"},"modified":"2021-03-15T16:18:18","modified_gmt":"2021-03-15T20:18:18","slug":"minim-secures-13-0-million-credit-facility-with-silicon-valley-bank","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/minim-secures-13-0-million-credit-facility-with-silicon-valley-bank\/","title":{"rendered":"Minim Secures $13.0 Million Credit Facility with Silicon Valley Bank"},"content":{"rendered":"
\n

Following record-breaking quarterly and year-end revenue results, the company announces new capital access to address increased demand in the rapidly growing $356 billion fixed broadband market<\/p>\n

Manchester, NH, March 15, 2021 (GLOBE NEWSWIRE) — via NewMediaWire<\/u><\/a> — Zoom Telephonics, Inc., doing business as\u00a0Minim<\/a>\u00a0(OTCQB: MINM) (“Minim”), the creator of innovative internet access products, today announced that it has closed on a $13.0 million credit facility in partnership with Silicon Valley Bank in lieu of its previous $5.0 million credit facility. This announcement follows a\u00a0record-breaking quarter and year in Minim\u2019s revenue<\/a>.\u00a0<\/p>\n

\u201cWe are pleased to work with Silicon Valley Bank on a credit facility that will assist Minim in seeking to sustainably accelerate growth,\u201d said Sean Doherty, CFO of Minim. \u201cFrom recent market analysis, we are optimistic that the post-pandemic era will bring continued reliance on telemedicine, hybrid remote work models, remote education, streaming entertainment, and Gigabit speeds\u2014making performant, secure home WiFi a global imperative. Through our expanded credit facility, Minim will invest in sales, marketing, and new product introductions to address the demand for advanced connectivity products that homes need.\u201d<\/p>\n

Minim delivers smart software-driven communication products under the globally-recognized Motorola\u00ae brand. The company\u2019s cable modem, gateway, router, and MoCA systems can be found in retailers and e-commerce channels nationwide, including: Best Buy, Target, Walmart, Microcenter, and Amazon. The company\u2019s connectivity hardware and software are also available for purchase via over 130 Internet Service Providers and technology distributor Telarus.<\/p>\n

“Minim is delivering high-quality software, hardware and services to connect customers and homes in the US and internationally,” said Sarah Kwan, Vice President of Technology Banking at Silicon Valley Bank. “We are proud to work with the Minim team and support the company’s growth.”<\/p>\n

For more information about Minim, visit\u00a0www.minim.com<\/a>.<\/p>\n

\n About Minim<\/strong>\n <\/p>\n

Zoom Telephonics, Inc., doing business as Minim (OTCQB: MINM) is the creator of innovative internet access products that dependably connect people to the information they need and the people they love. Headquartered in Manchester, NH, the company delivers smart software-driven communications products under the globally recognized Motorola\u00ae brand. Minim end users benefit from a personalized and secure WiFi experience, leading to happy and safe homes where things just work. To learn more, visit\u00a0www.minim.com<\/a>.<\/p>\n

MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This release contains forward-looking information relating to Minim\u2019s plans, expectations, and intentions, including statements about the effects of the merger. Actual results may be materially different from expectations as a result of known and unknown risks, including: risks associated with Minim\u2019s potential inability to realize intended benefits of the merger; the potential increase in tariffs on the company’s imports; potential difficulties and supply interruptions from moving the manufacturing of most of the company\u2019s products to Vietnam; potential changes in NAFTA; the potential need for additional funding which Minim may be unable to obtain; declining demand for certain of Minim\u2019s products; delays, unanticipated costs, interruptions or other uncertainties associated with Minim\u2019s production and shipping; Minim\u2019s reliance on several key outsourcing partners; uncertainty of key customers\u2019 plans and orders; risks relating to product certifications; Minim\u2019s dependence on key employees; uncertainty of new product development, including certification and overall project delays, budget overruns, and the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated; costs and senior management distractions due to patent related matters; the impact of the COVID-19 pandemic; and other risks set forth in Minim\u2019s filings with the Securities and Exchange Commission. Minim cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Minim expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Minim\u2019s expectations or any change in events, conditions or circumstance on which any such statement is based.<\/p>\n

\n Contact:<\/strong>\n <\/p>\n

Sean Doherty<\/p>\n

CFO, Minim<\/p>\n

sean@minim.com<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Following record-breaking quarterly and year-end revenue results, the company announces new capital access to address increased demand in the rapidly growing $356 billion fixed broadband market Manchester, NH, March 15, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Zoom Telephonics, Inc., doing business as\u00a0Minim\u00a0(OTCQB: MINM) (“Minim”), the creator of innovative internet access products, today announced that it has closed on a $13.0 million credit facility in partnership with Silicon Valley Bank in lieu of its previous $5.0 million credit facility. This announcement follows a\u00a0record-breaking quarter and year in Minim\u2019s revenue.\u00a0 \u201cWe are pleased to work with Silicon Valley Bank on a credit facility that will assist Minim in seeking to sustainably accelerate growth,\u201d said Sean Doherty, CFO of Minim. \u201cFrom recent … <\/p>\n

Continue reading “Minim Secures $13.0 Million Credit Facility with Silicon Valley Bank”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458025","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMinim Secures $13.0 Million Credit Facility with Silicon Valley Bank - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/minim-secures-13-0-million-credit-facility-with-silicon-valley-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minim Secures $13.0 Million Credit Facility with Silicon Valley Bank - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Following record-breaking quarterly and year-end revenue results, the company announces new capital access to address increased demand in the rapidly growing $356 billion fixed broadband market Manchester, NH, March 15, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Zoom Telephonics, Inc., doing business as\u00a0Minim\u00a0(OTCQB: MINM) (“Minim”), the creator of innovative internet access products, today announced that it has closed on a $13.0 million credit facility in partnership with Silicon Valley Bank in lieu of its previous $5.0 million credit facility. This announcement follows a\u00a0record-breaking quarter and year in Minim\u2019s revenue.\u00a0 \u201cWe are pleased to work with Silicon Valley Bank on a credit facility that will assist Minim in seeking to sustainably accelerate growth,\u201d said Sean Doherty, CFO of Minim. \u201cFrom recent … Continue reading "Minim Secures $13.0 Million Credit Facility with Silicon Valley Bank"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/minim-secures-13-0-million-credit-facility-with-silicon-valley-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T20:18:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MDM1MCM0MDY1MTIwIzUwMDA1MDM1MQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/minim-secures-13-0-million-credit-facility-with-silicon-valley-bank\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/minim-secures-13-0-million-credit-facility-with-silicon-valley-bank\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Minim Secures $13.0 Million Credit Facility with Silicon Valley Bank\",\"datePublished\":\"2021-03-15T20:18:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/minim-secures-13-0-million-credit-facility-with-silicon-valley-bank\\\/\"},\"wordCount\":678,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/minim-secures-13-0-million-credit-facility-with-silicon-valley-bank\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE5MDM1MCM0MDY1MTIwIzUwMDA1MDM1MQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/minim-secures-13-0-million-credit-facility-with-silicon-valley-bank\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/minim-secures-13-0-million-credit-facility-with-silicon-valley-bank\\\/\",\"name\":\"Minim Secures $13.0 Million Credit Facility with Silicon Valley Bank - 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