Burlington, MA -- July 25, 2001 -- RadView — Software Ltd. (Nasdaq: RDVW), a leading provider of solutions for verifying the performance, scalability, and integrity of business-critical Web applications, today announced a $10 million line of credit with Silicon Valley Bank. Among the intended uses of the proceeds are to support future working capital requirements.
"We are pleased to announce the approval of this $10 million line of credit with Silicon Valley Bank. This facility provides RadView with the financial flexibility to meet our stated goal of achieving operating profitability," said Brian E. LeClair, vice president and chief financial officer, RadView Software.
About RadView Software Ltd.
RadView Software Ltd. (Nasdaq: RDVW) develops Internet infrastructure solutions to facilitate and accelerate the successful implementation of high-performance, business-critical Web applications. With its award-winning products, RadView provides the Web application testing and analysis software of choice to some of the most demanding customers from major industries such as financial services, Internet technology and content, retail, manufacturing, telecommunication, health care, and education. Corporate offices are located in Burlington, MA. For more information visit http://www.radview.com or call 1-888-RADVIEW.
About Silicon Valley Bank
Silicon Valley Bank serves emerging growth and middle market companies in targeted niches, focusing on technology and life sciences, while also addressing other specific industries in which it can provide a higher level of service and better manage credit through specialization and focus.
The Bank operates throughout the Silicon Valley: Santa Clara, Palo Alto and Sand Hill, the center of the venture capital community in California. Other regional offices within California include: Irvine, Los Angeles, Napa Valley, San Diego, San Francisco, Santa Barbara, and Sonoma. Office locations outside of California include: Phoenix, Arizona; Boulder, Colorado; West Palm Beach, Florida; Atlanta, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; Durham, North Carolina; Portland, Oregon; Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas; Northern Virginia; and Seattle, Washington.
Statements concerning RadView's business outlook or future performance; anticipated revenues, expenses or other financial items; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements" as that term is defined under U.S. Federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. These risks, uncertainties and factors include, but are not limited to: our limited operating history and history of losses; market acceptance of our products; ability to develop new products and enhance existing products; impact of significant competition; and other factors detailed in RadView's filings with the Securities and Exchange Commission. RadView assumes no obligation to update the information in this release. RadView, WebLoad, WebLoad Resource Manager, and WebFT are trademarks of RadView Software Ltd. Other names may be trademarks of their respective owners.
RadView Contacts: RadView Software Media Contact Laura R. Naylor, 781-238-1117 lnaylor@radview.com or RadView
Software Investor Contact Brian E. LeClair, 781-238-1111 bleclair@radview.com
SVB Contact: Andrea McGhee, (408) 654-3078, amcghee@svbank.com.