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New financing, cost-reduction plan will help Infowave weather downturn in markets

News | 08/07/2001 4:00 am EDT

New financing potentially totaling US$15 million and cost-reduction measures should give Infowave Software Inc the necessary capital to meet its business plan during difficult financial markets, the company says. The Vancouver-based wireless software developer has secured a US$5 million credit facility and is close to landing another US$10 million private placement.

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