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CTD Holdings, Inc. Closes on Credit Facility Package With SunState Federal Credit Union

^{Published on 2011-03-22 10:10:28 - Market Wire}
 

HIGH SPRINGS, FL--(Marketwire - March 22, 2011) - CTD Holdings, Inc. (OTCQB: [ CTDH ]) (PINKSHEETS: [ CTDH ]) announced Tuesday that it has closed on a credit facility package with SunState Federal Credit Union of Gainesville, FL. The package consists of a $325,000 term loan paired with a $100,000 revolving line of credit. The term loan proceeds will be used for the installation of manufacturing equipment in the company's NanoSonic Products, Inc. Aquaplex^® cyclodextrin-complex manufacturing plant located in Alachua, FL. The revolving line of credit will be used to provide working capital for general business purposes including raw material purchasing for the manufacturing plant.

Acquiring this credit facility will accelerate bringing the Alachua manufacturing plant on line. This will be the world's first cGMP complexation and pulse drying plant dedicated to the production of cyclodextrin complexes.

"This is an important vote of confidence by our local bankers at SunState, in our established and growing businesses," said Dr. Jeffrey Tate, President and CEO of NanoSonic Products, Inc., "and it establishes a key local business relationship that will support our continued growth. Furthermore, it represents our next step in the implementation of our plans for building shareholder value"

CTD Holdings, Inc. companies, like NanoSonic Products, Inc., continue to be market leaders in providing specialty cyclodextrins to corporate research and development departments, medical institutions and laboratories worldwide. The manufacturing capability to produce commercial-scale quantities of Aquaplex^® cyclodextrin complexes will fuel the company's steady focus on growing the Aquaplex^® part of the business, while maintaining the existing foundational businesses.

Safe Harbor Statement: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements. The above forward-looking statements are made as of the date above; CTD Holdings, Inc. accepts no specific responsibility for updating such statements.