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EasyScreen secures short term funding

18 July 2003  |  3605 views  |  0 EasyScreen secures short term funding

Trading technology firm EasyScreen has managed to secure £600,000 in short term funding from third party investors to cover immediate cash requirements.

The funding comprises of short term loans of £500,000 from GEM Global Yield Fund, £50,000 from EasyScreen chairman Philip Docker and £50,000 from Paul Varcoe, a founder shareholder and former director of the company.

EasyScreen announced plans to seek the funding in June after reporting an 18% decline in turnover to £5.5 million and net losses of £3.4 million for the year ending March 2003.

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