Tuesday, October 9, 2007

MicroSeismic Receives $2M In Credit Line

Houston, Texas-based Microseismic said Monday that it has received a $2M line of credit from Square 1 Bank. MicroSeismic is a developer of microseismic monitoring and passive seismic imaging technology, used for seismic exploration for the oil and gas industry. Square 1 Bank is a venture focused bank. The firm said the line of credit would be used for working capital.