eRoomSystem gains financing

Tuesday, March 27, 2001 | 10:54 a.m.

Las Vegas-based eRoomSystem Technologies said it completed a round of financing worth $294,000 through its wholly owned subsidiary eRoomSystem SPE Inc., under its seven-year credit contract with AMRESCO Leasing Corp.

ERoomSystem's refreshment centers are run by an in-room computer system tied to a central computer within customer hotels. Part of its services include credit card-smart card capabilities for direct billing, remote maintenance services and in-room cash advances.

ERoomSystem shares, which trade on the Nasdaq Stock Market, were at 88 cents in mid-day trading today despite the news. That's equivalent to its 52-week low reached on Friday, and significantly down from its 52-week high of $6.50 reached on Aug. 2.

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