Bridge Bank Provides $2.5 Million Line of Credit to Image Stream Medical, Inc.
SAN JOSE, CA–(Marketwire – Oct 3, 2011) – Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full service professional business bank headquartered in Silicon Valley, announced today its funding of a $2.5 million line of credit for Image Stream Medical, Inc.
“Bridge Bank is committed to partnering with innovative and growing companies across the technology sector,” said Dick Sweeney, northeast market manager for Bridge Bank’s Technology Division. “We are pleased to be partnering with Image Stream Medical, whose technology is improving the quality and efficiency of medical procedures, to provide them with capital to fuel their next stage of growth.”
Bridge Bank’s Technology Division has provided access to working and growth capital to hundreds of technology firms across the U.S. through its growing network of regional offices. The bank’s newest office, located in Boston’s Cambridge Innovation Center, is actively seeking partnerships with innovative, emerging growth companies seeking access to capital.
“Image Stream Medical is a leading innovator in the area of operating room integration, and is experiencing rapid growth with the rollout of our new EasySuite product line,” said Eddie Mitchell, chief executive officer of Image Stream Medical. “Bridge Bank was very accommodating, and structured a financing arrangement that gives us access to working capital to fund our growth.”
About Bridge Capital Holdings
Bridge Capital Holdings is the holding company for Bridge Bank, National Association. Bridge Capital Holdings was formed on October 1, 2004 and holds a Global Select listing on The NASDAQ Stock Market under the trading symbol BBNK. For additional information, visit the Bridge Capital Holdings website at www.bridgecapitalholdings.com.
About Bridge Bank, National Association
Bridge Bank, National Association is Silicon Valley’s full-service professional business bank. The Bank is dedicated to meeting the financial needs of small, middle market, and emerging technology businesses. Bridge Bank provides its clients with a comprehensive package of business banking solutions delivered through experienced, professional bankers. For additional information, visit the Bridge Bank website at www.bridgebank.com.
About Image Stream Medical, Inc.
Image Stream Medical (ISM) was founded in May 1999 with the mission of developing image management products targeted at minimally invasive surgery. ISM introduced the first DVD burning medical video recorder to the surgical marketplace. Over the last 10 years, ISM has developed the most advanced Integrated Operating Room products for distributing medical video throughout the hospital enterprise in a controlled HIPAA-compliant environment. In addition, ISM is a leader in the development of real-time consultation with physicians outside of the operating room, live video streaming and video conferencing capabilities. These advances improve the clinical outcome, provide a higher level of patient safety, and more efficient utilization of the hospital’s operating room. ISM has become the premier solution provider for the control, routing, capture and management of surgical images and video, both inside the OR, and throughout the hospital network. For details, visit www.imagestreammedical.com.
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Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Company’s ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company’s operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.
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