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TXP Corp.: TXP Provides Business Update

  //science-technology.news-articles.net/content/2 .. 04/08/txp-corp-txp-provides-business-update.html
  Published in Science and Technology on Wednesday, April 8th 2009 at 4:48 GMT, Last Modified on 2009-11-03 08:45:46 by Market Wire
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RICHARDSON, TX--(Marketwire - April 8, 2009) - TXP Corporation (OTCBB: [ TXPO ]), an Original Design Manufacturer (ODM) for the telecommunications industry, announced today that LandMark Funding, Dallas, Texas has increased its receivables credit facility.

"Increase in orders required that we support growth by increasing our receivables facility. The increase will permit us to support our customer's needs. It will take effect immediately," Michael C. Shores, President and Chief Executive Officer stated. "Yorkville Advisors, our Senior Lender, continues to support our post-restructuring expansion and growth," Shores said.

About TXP

TXP is an Original Design Manufacturer (ODM) for the telecommunications industry. Based in Richardson, Texas, TXP has three primary business units: TXP-Prototyping Solutions, TXP-ONT Solutions and TXP-Retrofit Solutions. TXP-Prototyping Solutions provides pre-manufacturing services for the electronics industry that help Original Equipment Manufacturers (OEMs) bring products to market both faster and more cost effectively. TXP-ONT Solutions develops and markets, via an ODM model, a line of Carrier-Class CPE products including home gateways and the world's broadest independent family of ONT products to both OEMs and ILECs. ONTs are used in FTTH-based services to terminate the passive optical network at the home or business location, and enable integrated voice, video and high-speed internet access. TXP-Retrofit Solutions provides custom engineered kits that enable ILECs to upgrade their local access service delivery infrastructure at minimum cost and time, enabling a wide range of next generation telecom platforms to easily fit into the variety of remote OSP cabinets that have been broadly deployed over the last 30 years. For more information visit: [ www.txpcorp.com ]

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are "forward-looking statements" that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied.