Graystone Capital provides a $500K Accounts Receivable Line of Credit to Aveox, Inc. a Southern California Based Motor Control Solutions Company

FOR IMMEDIATE RELEASE
San Francisco Bay Area, California, United States of America (Free-Press-Release.com) October 31, 2011 -- Graystone Capital has provided a $500K Accounts Receivable line of credit to Aveox, Inc., an innovative provider of motor and controller solutions located in Southern California. The company supplies motors, electronic drives and controllers for the demanding military, aerospace, civil aviation, unmanned aerial vehicle and remotely operated vehicle applications as well as for the medical industry.

"We are very pleased to announce our financial partnership with Aveox, Inc. Their unique and specialized motors and controllers are utilized in the most sophisticated mechanical devices built by man”, remarked Kevin O’Hare CEO of Graystone Capital. “Frank Spinale CFO of Aveox stated “We are delighted to have established an AR line of credit with Graystone Capital, which will enable Aveox to expand our business and continue to create groundbreaking solutions within the motor and controller markets that we serve.”

Graystone Capital is a privately held commercial finance company that is based out of the Silicon Valley (San Francisco Bay Area). It operates as a direct lender that specializes in asset-based lending services designed to support the growth of American companies. Graystone Capital is a full service shop with its own in-house backroom operations. Its Technology Finance division targets small- to-medium cap emerging technology companies with venture debt and other early-stage debt financing. These credit facilities range in size from $100,000 to $3 million.

Cara O'Hare
Media Relations
408-275-8006 ext. 7
cara@graystonecap.com

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