Science Dynamics Establishes Line of Credit With
Presidential Financial for $1M Pennsauken, NJ, November 28,
2005 -- Science Dynamics Corporation (OTC Bulletin Board: SIDY), a provider
of advanced technological solutions, announced today it has signed an agreement
with Presidential Financial Corporation for a $1 million line of credit. Paul
Burgess, CEO of Science Dynamics, said, “This line of credit provides us with
additional flexibility and working capital required to grow our software
solutions business. As we continue to
win new contracts, such as our recent contract with the Defense
Information Systems Agency (DISA), the line of
credit will give us additional financial resources to successfully deliver and
expand our services. We will continue to evaluate other financing alternatives as
we look to grow our business organically and through acquisitions.” The line of credit is secured by
85% of eligible billed receivables and bears interest at the prime rate plus
2%. The term is 12 months. About Science Dynamics Corporation Headquartered in Pennsauken, N.J., Science Dynamics
Corporation is a developer of advanced technological solutions with nearly 25
years of experience. The company designs, deploys and manages highly secure
advanced technological solutions at key government agencies and mid- to
large-sized enterprises. Science Dynamics Corporation’s telecommunications
solutions are installed in over 30,000 ports throughout 18 countries
worldwide. For more information, visit http://www.scidyn.com. About Systems Management
Engineering, Inc. Science Dynamics owns 82% of
SMEI. SMEI has developed advanced data management applications, Internet server
technology and information systems that it markets to both public and private
sectors. SMEI’s product, Aquifer, helps its customers reduce development time
for projects, manage the deployment of applications across the Internet to
desktops around the world and implement military-grade security on all systems
where the applications are deployed. For more information about SMEI, visit http://www.sysmanagement.com. An investment profile about
Science Dynamics may be found at http://www.hawkassociates.com/sciencedynamics/profile.htm. For investor relations information regarding
Science Dynamics, contact Frank Hawkins or Julie Marshall, Hawk Associates, at
(305) 451-1888, e-mail: info@hawkassociates.com.
An online investor relations kit including copies of press releases, current
price quotes, stock charts and other valuable information for investors may be
found at http://www.hawkassociates.com
and http://www.americanmicrocaps.com.
Forward-Looking
Statements: Certain statements made in this press release by Science Dynamics
Corporation are forward-looking statements.
Although such statements are based on current expectations, they are
subject to a number of future uncertainties and risks, and actual results may
differ materially. The uncertainties and risks include, but are not limited to,
the acquisition by Science Dynamics Corporation of Systems Management
Engineering, Inc. and the successful operation of Systems Management
Engineering, Inc. post-acquisition, additional potential acquisitions of
Science Dynamics Corporation and the ability of Science Dynamics Corporation to
effectively execute its business plan and develop a successful business. Any forward-looking statements are made
pursuant to the Private Securities Litigation Reform Act of 1995 and, as such,
speak only as of the date made. Statements made in this document that are not
purely historical are forward-looking statements, including any statements as
to beliefs, plans, expectations, anticipations or intentions regarding the future.
Science Dynamics Corporation assumes no obligation to update information
concerning the forward-looking statements contained herein. Home
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