Springfield, NJ. – Emtec, Inc. (OTCQB: ETEC) (“Emtec” or the “Company”), a systems integrator, today announced that it has refinanced its existing Credit Facility with PNC Bank, N.A., through its PNC Business Credit division, which provides asset-based lending. PNC Bank, N.A. is a subsidiary of The PNC Financial Services Group. In addition the Company announced an additional $3 million mezzanine investment by Peachtree Equity Partners, an Atlanta-based private equity firm specializing in subordinated debt and equity investments for middle market growth companies.
Dinesh Desai, Chief Executive Officer of