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I <br /> •• <br /> 1 <br /> CLIENT PROFILE <br /> I <br /> i Morey Fish Co. Refinances, Expands in <br /> Motley, Minnesota <br /> In 1993,PRG assisted the city of Motley to provide Morey Fish Co.$1,500,000 at <br /> ' approximately 7%,through the City's G.O.Bonding Authority,to match long <br /> term debt with long term assets. <br /> I • Two years later,the net effect is improvement of <br /> the Company's Working Capital position by more than$1,000,000! <br /> In 1995,Morey Fish Company added one additional production line,creating <br /> over 30 new positions to the 80 positions already located <br /> in this community of 450 people. <br /> Again,PRG coordinated and packaged the equipment acquisition utilizing <br /> ' State of Minnesota,Central Minnesota Initiative Fund,and Region 5 <br /> Development Commission financing. <br /> 1 <br /> End result:$350,000 at 7%for ten years. <br /> I <br />