Vidikron of America, Inc. Announces PNC Bank Obligation Paid
Vidikron of America, Inc., previous reported to be in jeopardy of Chapter 7 bankruptcy, has announced that it has obtained a credit line to replace its obligation to PNC Bank. As previously announced, PNC Bank had exercised its right of setoff against the funds in accounts maintained at the bank. With its new funding in place, Vikikron is now in a position to satisfy its obligations and continue its operations. For more information, contact Phillip Siegel, Chairman and CEO at 201 938 0099 x 524.