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FOR IMMEDIATE RELEASE DECEMBER 17, 2002 CONTACT: Niki Shepperd (202) 565-3200 FLORIDA FAMILY-OWNED BUSINESS SELLS Equipment Specialists Inc., of Haines City, FL, a small woman-owned family business, is selling $4.5 million worth of production equipment for a new dairy and juice plant to Egyptian Trading Co., For Glass (ETG) in Cairo, Egypt, backed by a $4 million medium-term guarantee from the Export-Import Bank of the United States (Ex-Im Bank). ETG will use the equipment to begin production on a new pasteurized dairy plant in Egypt. The National Bank of Egypt, NY, is the guaranteed lender on the transaction. This transaction marks the first time an Egyptian bank has used Ex-Im Bank's medium-term Master Guarantee Agreement to act as the lender under Ex-Im Bank's comprehensive guarantee. The transaction was arranged by Trade Source International of Pasadena, CA. |
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