KING OF PRUSSIA, PA./Nov. 18, 2002-- Comerica (NYSE: CMA), a leading financial services company, and FullTilt Solutions, Inc., a leader in offering technical solutions to today's data management and integration challenges, announced today that Comerica's Technology and Life Sciences Division has provided FullTilt with a $2.5 million line of credit.
"We are pleased to provide this credit facility to FullTilt, one of the fastest growing technology companies in eastern Pennsylvania," said Steven D. Hobman, senior vice president and managing director of Comerica's Mid-Atlantic North Technology and Life Sciences Division. "Our bank has a strong commitment to the technology sector, illustrated by our willingness to work with emerging venture-backed companies and by our track record of serving mature companies in the technology space that have more sophisticated financial needs."
Founded in 1987, FullTilt offers technical solutions to today's data management challenges through a mix of commercial software products, custom software applications and integration services. The company's latest underlying software application, Fathom DSTM, helps companies create customized sales tools to intelligently gather and display product information and value propositions. For three consecutive years, FullTilt has appeared on the Deloitte & Touche Fast 50 for Eastern Pennsylvania and was a finalist for the Entrepreneur of the Year award the past two years. The company is privately funded by Grotech Capital, Mellon Ventures, and William E. Simon and Sons.
"We are excited to enter into a relationship with Comerica, which we selected as our banking partner primarily because of its strong technology focus," said Tim Wallace, chief executive officer of FullTilt. "This relationship will strengthen our focus on continuing to build a solid foundation of service offerings and products through organic growth, strategic acquisitions and strategic alliances."
About FullTilt Solutions
Founded in 1987, FullTilt Solutions is a leader in offering technical solutions to today's data management challenges through a mix of commercial software products, custom software applications and integration services. As experts in designing, building and implementing large-scale, data-centric solutions, FullTilt enables returns on technical investments by helping clients use technology to cut-costs, drive revenues and improve their competitive positions. FullTilt is headquartered in Philadelphia with offices in New York and Pittsburgh. For more information on FullTilt's services and products, please visit www.fulltilt.com.
About Comerica's Technology and Life Sciences Division
Comerica's Technology and Life Sciences Division is one of the nation's leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies, as well as their more mature counterparts in the computer products, Internet services, telecommunications, life sciences and e-commerce industries. From 19 offices located across the U.S., Comerica's Technology and Life Sciences Division serves all major technology centers. Comerica is among the 20 largest banking companies in the nation, with $52.6 billion in assets.
Media Contacts:
Frank Wilkinson
FullTilt Solutions
(610) 382-3250
fwilkinson@fulltilt.com
or
Adrienne Moch
Pacifico (for Comerica's Technology and Life Sciences Division)
(408) 293-8600, ext. 319
amoch@pacifico.com
or
Keith Turner
Comerica Bank-California
(408) 556-5111
keith_turner@comerica.com
