HOUSTON, April 18, 2006 (PRIMEZONE) -- CSI Business Finance, Inc. (OTCBB:CSIB) announced today the funding of a bridge loan to Sentry Power, LLC. Alternative energy company, Power Technology (OTCBB:PWTC) signed definitive documents for the acquisition last week and is expected to close on the acquisition during the next thirty days. Emerge Capital's (OTCBB:EMGC) subsidiary Corporate Strategies advised on the transaction.
CSI Business Finance CEO Tim Connolly commented, "We believe that Sentry and Power Technology will be a terrific combination of alternative energy technology and sales to an existing customer base. We are pleased to provide the financing to accommodate the closing of their transaction and look forward to facilitating their progress and growth in the coming years."
About CSI Business Finance, Inc. -- CSI Business Finance provides equipment leasing, factoring, purchase order financing, notes receivable purchasing and other forms of secured business lending to micro-cap public and private companies throughout the United States.
About Power Technology -- Power Technology, Inc. is a Research and Development Company engaged in activities regarding alternative battery technology using patent-pending, ultra light materials with up to 50% less weight and significantly less lead content than conventional batteries. The Company is in the early stages of commercializing its battery technology and has designed equipment and systems to manufacture its patent pending batteries.
Please visit our website at www.PWTCBATTERY.com for more information or call the company directly at 713-621-4310.
All statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations that are disclosed in this Press Release. While CSI Business Finance, Inc. believes its forecasting assumptions are reasonable, there are factors that are hard to predict and influenced by economic and other conditions that are beyond CSI Business Finance, Inc.'s control. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are detailed in CSI Business Finance, Inc.'s filings with the Securities and Exchange Commission.