Vestron Expects Loss: Vestron Inc., a financially...
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Vestron Expects Loss: Vestron Inc., a financially troubled film producer and home video distributor, said it will report a “sizable” loss for the second quarter, mainly due to writing down the value of motion picture assets. The company, based in Stamford, Conn., earned $4.3 million on revenue of $93 million in last year’s second quarter. Vestron also announced that it finalized a one-year, $65-million credit line with Chemical Bank, as agent, and Credit Lyonnais Bank Nederland.
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