- PR Newswire•9 days agoDecisionPoint Systems Announces New Credit Facility With Union Bank And CapitalSource Business Financial Group
IRVINE, Calif., Aug. 22, 2016 /PRNewswire/ -- DecisionPoint Systems, a leading provider and integrator of Enterprise Mobility and Internet of Things (IoT) solutions, announced today that it has signed new commercial banking relationships with Union Bank combined with CapitalSource Business Financial Group, as the Company's primary line-of-credit lender. The new relationships replace the Company's previous commercial banker and primary lender, where the line-of-credit has been fully repaid and closed. DecisionPoint now has a three-year revolving line-of-credit of $6 million, at an interest rate of 1.25 points over the Prime Rate, a full 200 basis points lower than the former lender's rate. Total fees with Union Bank and CapitalSource are significantly lower than the fees charged by the Company's previous lender, adding to the savings. The line-of-credit is secured by substantially all of DecisionPoint's assets, similar to the previous lender relationship.
- PR Newswire•15 days ago
IRVINE, Calif., Aug. 17, 2016 /PRNewswire/ -- DecisionPoint Systems, Inc., a leading provider and integrator of Enterprise Mobility and IoT solutions, today announced that August 22, 2016 shall be the record date for the company's upcoming Special Meeting of Stockholders, expected to be held in late September 2016. DecisionPoint currently expects to hold the Special Meeting on or about Monday, September 26, 2016, at 11:00 AM Eastern Time, at a place to be determined in New York City. At the Special Meeting, DecisionPoint expects to present, for its stockholders' approval, a series of proposals to restructure the company's equity and debt capital in order to position the company for future growth.
- PR Newswire•4 months ago
IRVINE, Calif., March 29, 2016 /PRNewswire/ -- DecisionPoint Systems (DPSI) today announced that, effective April 11, 2016, it will appoint Steve Smith as its Chief Executive Officer. Mr. Smith has over 35 years of experience in technology company sales and field operations, with the last 25 focused on DecisionPoint Systems' core automatic identification and data capture (AIDC) market. "I am delighted to welcome Steve Smith to DecisionPoint," said Stanley Jaworski, DecisionPoint Chairman.
Decisionpoint Systems, Inc. (DPSI)
OTC BB - OTC BB Delayed Price. Currency in USD
|Day's Range||0.03 - 0.03|
|52wk Range||0.01 - 0.04|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-0.09|
|Avg Vol (3m)||54,200|
|Dividend & Yield||N/A (N/A)|