Sofame Technologies Inc. has concluded a senior secured revolving credit facility agreement of up to $3,000,000 with TCA Global Credit Master Fund, LP. Under the credit agreement, advances bear interest at the rate of 12% per annum and are secured by all assets of the company. An initial disbursement of a $400,000 note was completed on September 23, 2013 and the use of proceeds is for working capital.

Additional disbursements will serve to finance future growth of accounts receivable as Sofame pursues its business development plan in 2014. Revenue growth in 2014 is expected to come from sales of the new 99% efficient 10 and 30 million BTU frac heaters, sales of Sofame's core industrial energy efficiency systems, and incremental revenues from the acquisition of compatible companies in the HVAC field.