(Stuart, Florida- September 2, 2011) Team IP – Corporate Division has announced today the placement of its new credit facility with Promotional Capital LLC of Cleveland, Ohio. This financing will be used for the Company’s current growth plan and general operations.
Team IP markets promotional products and incentive/premium merchandise to a wide range of clients from the Treasure Coast and Florida market and to many corporate giants throughout the country. Promotional Products is a $20 billion industry in the U.S.
Randy Sparks, President and CEO of Team IP stated, “Promotional products present a compelling advantage for any marketing, branding or motivational campaign. Useful merchandise imprinted with a brand or message, delivered to targeted sources of influence, can provide dramatic results.”
Randy Sparks is very pleased with the credit extended by Promotional Capital. According to Mr. Sparks, “this new funding will allow Team IP to execute our growth strategy and be in a financial position to accept any size project by our clients.”
For additional information, please contact Randall Sparks, President and CEO of Team IP at (722) 403-8143 or Kevin Elliott, Account Manager at Promotional Capital LLC at (216) 595-6969
About Team IP – Incorporated in 1992, Team IP has three division which include the event, ecommerce, and corporate. It’s event division is the #1 amateur sports merchandiser in the US. The ecommerce division utilizes DTG technology to support state of the art websites for its clients its revolutionary ‘Technology Meets Merchandising’ platform. The corporate division is a member of the Premier Group which has 400 million aggregate buying power which allows it to provide branded promotional products to its clients. Team IP is a three time recipient of the Inc 5000 Award (2007 – 2009- 2011) which recognizes the fastest growing privately held companies in the US. Learn more by visiting www.teamip.com or www.teamipcorporate.com .
About Promotional Capital LLC – Promotional Capital LLC (www.promotionalcapital.com) provides financing exclusively to promotional products distributors and marketing service businesses nationwide. Most of its financing facilities are through accounts receivable and purchase order funding.
