Avidbank Corporate Finance Provides $2 Million Line of Credit to AUXILIO, Inc.

Avidbank Corporate Finance, a Division of Avidbank, has provided AUXILIO, Inc. (AUXO.OB) a $2 million line of credit for working capital purposes to support its growth in the U.S. health care industry.

AUXILIO, Inc., based in Mission Viejo, California, is the premier provider of managed print services for the health care industry, working exclusively with hospitals and hospital systems throughout the U.S. AUXILIO has experienced mounting and consistent growth in the U.S. health care industry due to the company’s unique health care exclusive and vendor neutral position in the MPS industry. The company is at the forefront of providing hospitals with specialized knowledge of urgent care print environments that ensures cost reduction, assistance with e-records execution and on-site planning as a strategy partner to reduce print volume substantially. (www.auxilioinc.com)

“I am pleased that we were able to put this facility in place for AUXILIO,” said Mike Hansen, Executive Vice President of Avidbank. “AUXILIO is a great example of the companies that we are poised to fund. They are a leader in their market and in a growth mode. We look forward to being a part of their long-term success.”

“AUXILIO is pleased to have established a financial relationship with Avidbank which truly understands our accelerated growth,” stated Joseph J. Flynn, President and CEO of AUXILIO. “This financing gives us the flexibility to execute on our business strategy as more health care organizations turn to our company to support their cost-reduction goals by implementing our MPS program.”

About Avidbank

Our goal at Avidbank is to advance our clients’ success by offering innovative financial solutions and service. Our experienced people provide a unique and individualized banking experience based on mutual effort, ingenuity and trust, creating long-term banking relationships. Avidbank specializes in the following markets: commercial and industrial, corporate finance, technology and asset-based lending, real estate construction, commercial real estate lending and real estate bridge financing.

About AUXILIO, Inc.

AUXILIO, Inc. is the pioneer of managed printed services for the health care industry, working exclusively with hospitals and hospital systems throughout the United States. We are vendor independent and provide intelligent solutions, a risk free program and guaranteed savings. AUXILIO assumes all costs related to print business environments through customized, streamlined and seamless integration of services at predictable fixed rates that are unmatched in the industry. We work collaboratively to assist our health care-partners in the delivery of quality patient care. The service and solutions provided by our on-site Centers of Excellence professional print strategy consultants deliver unparalleled customer service across the industry. For more information about AUXILIO, visit www.auxilioinc.com.

Avidbank (PK) (USOTC:AVBH)
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