LAS VEGAS eRoomSystem Technologies, a supplier of in-room technologies for the lodging industry, completed its first round of funding, through its wholly owned subsidiary, eRoomSystem SPE, under its seven-year credit facility with AMRESCO Leasing Corp.
The initial loan was in the amount of $294,000. During the three months ending June 30, 2001, the company anticipates completing several additional fundings with AMRESCO relating to existing revenue sharing contracts. Thereafter, periodic fundings will occur over the remainder of the seven-year financing term, said the company. (3/27/01)