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Probe Manufacturing Gets $750K in Funding

January 31, 2014

Probe Manufacturing, Inc. , a global electronics design & manufacturing services company, has announced the closing of $750,000 in a private financing offering. In a release, the Company said that as a result, it has fulfilled its loan obligation to Far West Capital and credit facility obligation in connection with its acquisition of Trident Manufacturing in March of 2013. John Bennett , Chief Financial Officer of Probe Manufacturing , said, "In light of the high level of interest expenses incurred, we found it prudent to conserve our cash flow by paying off our line of credit with Far West Capital through the completion of this equity financing. This initiative has significantly reduced our interest expense as well as enabled us to capitalize on our business more effectively. We believe our stronger balance sheet will enhance our ability to support our aggressive plans for growth and profitability in 2014." Probe Manufacturing is a Global Electronics Design & Manufacturing Services Company providing Original Equipment Manufacturers with electronics manufacturing services through its domestic factories in the United States . ((Comments on this story may be sent to ))

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