NASHUA FIRM QUADRUPLES EMPLOYEES WITH EX-IM BANK SUPPORT
Yankee Book Peddler, Contoocook, a family-owned wholesaler of books to universities and public libraries, has expanded staff and foreign sales with the support of Ex-Im Bank insurance. Imaging Automation, Merrimack, an exporter of imaging security systems for identification processes; Paramatic International, Inc., Hudson, a small maker of automatic wax moulding systems that is selling to Asian and South American markets; and Monadnock Forest Products, Inc., Milford, a manufacturer and wholesaler of hardwood lumber to the Far East and Europe, all have benefited from Ex-Im Bank support.
Ex-Im Bank has helped sustain 100 thousand American jobs around the country in the first half of fiscal 1997 (October 1996 - March 1997) by backing $7.6 billion in foreign sales that would not have gone forward without the Ex-Im Bank`s participation. The Bank provides financing that would not be available from commercial banks without our guarantee.
Since it was last rechartered in 1992, Ex-Im Bank has completed over 10,000 financial transactions, totaling $65.6 billion. Legislation to recharter the Ex-Im Bank has been submitted to Congress and hearings on the legislation are scheduled this month.