Release Date: 26 August 2008
Release ID: 1512
Transportation Alliance Bank (TAB), a subsidiary of Flying J Inc., a Utah based corporation and a leader in highway hospitality, announces that it has provided a $7 million working capital line to DriverTech, LLC.
JJ Singh, President and CEO of TAB, announced, “TAB is very pleased to provide $7 million working capital facility to DriverTech, LLC., a fast growth company and the leading innovator of Mobile Computing and Mobile-Com services to the transportation industry. The technology platform provided by DriverTech is game-changing and enables DriverTech to provide Mobile Computing and Communication solutions that are not currently provided by its competitors.”
Mark Haslam, CEO of DriverTech, LLC., said: “We are very pleased to have TAB as our bank as we continue to rapidly grow our business. TAB’s keen understanding of the industry provides DriverTech with a banking relationship where there is a full understanding of our business and customer needs and; therefore, provides a firm foundation for a long term relationship between DriverTech and TAB. We believe this is especially beneficial for our customers because TAB understands this market and has confidence in its long term prospects”.
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