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BREAKING NEWS!!! QFOR

 

QFOR News Out! | Quadrant 4 Systems Increases Working Capital Financing Line With Porter Capital to $7 Million

Our STOCK LOCK for today has just announced major news that is sure to keep the momentum moving upward....

Quadrant 4 Systems Increases Working Capital Financing Line With Porter Capital to $7 Million

8:30a ET June 16, 2011 (PR NewsWire)

Quadrant 4 Systems Corp. (OTCQB: QFOR), a leading IT consulting company ("Quadrant 4"), today announced the closing of a second phase of its working capital financing arrangement with Porter Capital Corporation ("Porter Capital"). The Company has received additional capital in the amount of $3.5 million from Porter Capital, which will be used to fund Quadrant 4's existing consulting and solutions businesses. Quadrant 4 closed on the first phase of its working capital line in the amount of $3.5 Million in early March 2010.

"We have built a great, long-standing relationship with Porter. Porter Capital clearly understands the IT industry and has provided us with a strategic advantage in implementing our business model. With the two phases now complete, we have raised a total of $7 million, which will be used to further organic growth within our consulting and IT-enabled solutions businesses," said Dr. Nandu Thondavadi, CEO of Quadrant 4.

"This is a true partnership at work. We are excited at the prospects of seeing Quadrant 4 continue to grow and achieve new corporate milestones," said Sal Trupiano, Chief Operating Officer of Porter.

"The speed, efficiency and transparency of this working capital line of financing has been truly exemplary. We are pleased to have partnered with such high-quality investors," said Dhru Desai, Chairman of Quadrant 4.

About Porter Capital

Headquartered in Birmingham, AL, Porter Capital assists clients across the U.S. to obtain the best financing option for their businesses. The Porter Capital Corporation is part of The Porter Capital Group, which also includes Porter Bridge Loan Company and Capital Partners Leasing. In 2011, Porter Capital celebrates its 20th anniversary and is proud to have provided over $2.5 billion in funding since inception. To learn more about Porter Capital, our services, or to contact us, please visit us online at www.theportercapitalgroup.com.

About Quadrant 4 Systems

Quadrant 4 Systems Corp. is a leading provider the next generation IT Services and ITES led by a team of accomplished IT industry veterans. By leveraging its talents and facilities in North America and off-shore offices in India, the Company provides smart-sourced solutions that help over 150 business customers achieve their goals of developing customized solutions and cost savings across multiple verticals and geographies. With three acquisitions completed, Quadrant's growth-through-acquisition business model has yielded sustained year-over-year growth in earnings, profitability and market recognition. For more information on Quadrant 4, please visit www.quadrantfour.com.

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