TSLi subsidiary has secured a $1 million line of credit, allowing the company to expand into new business opportunities.
"This credit line will allow our company to pursue additional opportunities in both the service and sales arena," said Robert Gensi, president and chief executive officer (CEO) of GTDATA. "We are pleased with our efforts to date and are encouraged by the continued growth being shown in the data storage industry. We are also pleased that even in an uncertain business environment we have been able to solidify our existing strategic customer relationships. The credit line will augment our efforts."
GTDATA recently changed its name from World Internetworks Inc. to better reflect the nature of its business plan.
GTDATA's operating subsidiary, TSLi, provides leading edge repair and logistics solutions through strategic partnerships and contracts with Fortune 500 Companies. TSLi also provides full-service and remarketing options to these customers and its customer service expertise is a key competitive differentiator.
New-found cash will allow the company to expand its repair and logistics solutions efforts