{"id":12306,"date":"2010-11-10T01:12:06","date_gmt":"2010-11-10T06:12:06","guid":{"rendered":"http:\/\/deafnetwork.com\/wordpress\/?p=12306"},"modified":"2010-11-10T01:36:46","modified_gmt":"2010-11-10T06:36:46","slug":"bridge-bank-provides-500k-financing-to-deaf-owned-convo-communications","status":"publish","type":"post","link":"https:\/\/deafnetwork.com\/wordpress\/blog\/2010\/11\/10\/bridge-bank-provides-500k-financing-to-deaf-owned-convo-communications\/","title":{"rendered":"Bridge Bank Provides $500K Financing to Deaf-Owned Convo Communications"},"content":{"rendered":"

Bridge Bank Provides $500,000 Financing to Deaf-Owned Convo Communications<\/strong><\/p>\n

San Jose, CA – November 3, 2010 – Bridge Capital Holdings (NASDAQ: BBNK),
\nwhose subsidiary is Bridge Bank, National Association, a full service
\nprofessional business bank headquartered in Silicon Valley, announced today
\nit has extended a $500,000 line of credit to Convo Communications to support
\nits anticipated growth.<\/p>\n

“With this financing, the Company can make capital purchases and spending as
\nto scale its operations commensurate with anticipated growth, all without
\nassistance from outside investors,” said Robin Horwitz, who is deaf and the
\nCEO of Convo. “This loan will allow us to both maintain our independence and
\nidentity as a deaf-owned company and at the same time allows us to better
\ncompete in the market.”<\/p>\n

Convo is a provider of 24\/7 video relay services (VRS), which enable deaf
\nand hard of hearing people who use sign language to convo with hearing
\npeople via phone by utilizing true-to-life video connection with specially
\ntrained sign language interpreters. It recently launched Convo Anywhere, a
\ncloud-based Web application that is a major addition to its product and
\nservice offerings. “Convo Anywhere is a leap forward in accessibility and is
\nquickly becoming our signature product. Accordingly, we anticipate
\ntremendous growth in Year 2011 and are grateful to Bridge Bank for their
\nsupport and creativity in making this funding possible,” said Horwitz.<\/p>\n

“Convo is a one-of-a-kind company in its sector and commands the respect of
\nindustry analysts, customers, and other deaf-owned businesses,” said Lyndon
\nConaway, Assistant Vice President, Bridge Capital Finance Group. Convo was
\nfounded in March 2009 and has since grown to four call centers and gross
\nrevenues close to $4 million for 2010.<\/p>\n

About Convo Communications<\/strong>
\nConvo Communications is a deaf-owned provider of 24\/7 video relay services,
\nwhich enables deaf and hard of hearing people who use sign language to convo
\nwith hearing people over the phone. Its services allow deaf and hard of
\nhearing people civic and consumer participation and can be accessed via web
\nbrowser, videophone or instant messenger. For further information, go to
\n http:\/\/www.convorelay.com<\/a> or follow via Facebook and Twitter at
\nconvorelay.<\/p>\n

About Bridge Capital Holdings<\/strong>
\nBridge Capital Holdings is the holding company for Bridge Bank, National
\nAssociation. Bridge Capital Holdings was formed on October 1, 2004 and holds
\na Global Select listing on The NASDAQ Stock Market under the trading symbol
\nBBNK. For additional information, visit the Bridge Capital Holdings website
\nat http:\/\/www.bridgecapitalholdings.com<\/a>.<\/p>\n

About Bridge Bank, National Association<\/strong>
\nBridge Bank, N.A. is Silicon Valley’s full-service professional business
\nbank. The Bank is the community business bank of choice for small and middle
\nmarket companies, and emerging technology businesses in the markets we
\nserve. Bridge Bank provides its clients with a comprehensive package of
\nbusiness banking solutions delivered through experienced, professional
\nbankers. Visit Bridge Bank on the web at http:\/\/www.bridgebank.com<\/a>.<\/p>\n

Daniel P. Myers
\nPresident
\nChief Executive Officer
\n408-556-6510
\ndan.myers@bridgebank.com<\/p>\n

Thomas A. Sa
\nExecutive Vice President
\nChief Financial Officer, Chief Financial Officer
\n408-556-8308
\ntom.sa@bridgebank.com<\/p>\n

Forward Looking Statements<\/p>\n

Certain matters discussed in this press release constitute forward-looking
\nstatements within the meaning of the Private Securities Litigation Reform
\nAct of 1995, and are subject to the safe harbors created by that Act.
\nForward-looking statements can be identified by the fact that they do not
\nrelate strictly to historical or current facts. They often include the words
\n“believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of
\nsimilar meaning, or future or conditional verbs such as “will,” “would,”
\n“should,” “could,” or “may.” Forward-looking statements describe future
\nplans, strategies and expectations. Forward-looking statements are based on
\ncurrently available information, expectations, assumptions, projections, and
\nmanagement’s judgment about the Company, the banking industry and general
\neconomic conditions. These forward-looking statements are not guarantees of
\nfuture performance, nor should they be relied upon as representing
\nmanagement’s views as of any subsequent date. Future events are difficult to
\npredict, and the expectations described above are necessarily subject to
\nrisk and uncertainty that may cause actual results to differ materially and
\nadversely.<\/p>\n

Forward-looking statements involve significant risks and uncertainties and
\nactual results may differ materially from those presented, either expressed
\nor implied, in this press release. Factors that might cause such differences
\ninclude, but are not limited to: the Company’s ability to successfully
\nexecute its business plans and achieve its objectives; changes in general
\neconomic, real estate and financial market conditions, either nationally or
\nlocally in areas in which the Company conducts its operations; changes in
\ninterest rates; new litigation or changes in existing litigation; future
\ncredit loss experience; increased competitive challenges and expanding
\nproduct and pricing pressures among financial institutions; legislation or
\nregulatory changes which adversely affect the Company’s operations or
\nbusiness; loss of key personnel; changes in accounting policies or
\nprocedures as may be required by the Financial Accounting Standards Board or
\nother regulatory agencies; and the ability to satisfy requirements related
\nto the Sarbanes-Oxley Act and other regulation on internal control.<\/p>\n

The reader should refer to the more complete discussion of such risks in
\nBridge Capital Holdings’ annual reports on Forms 10-K and quarterly reports
\non Forms 10-Q on file with the Securities and Exchange Commission. The
\nCompany undertakes no obligation to publicly revise these forward-looking
\nstatements to reflect subsequent events or circumstances.<\/p>\n

Source:<\/p>\n

http:\/\/www.bridgebank.com\/news\/press_releases\/pressrelease211.php<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bridge Bank Provides $500,000 Financing to Deaf-Owned Convo Communications San Jose, CA – November 3, 2010 – Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full service professional business bank headquartered in Silicon Valley, announced…<\/p>\n

Read more →<\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[7071,7070,7079,7069,7073,24,571,7075,1412,572,40,7077,7072,630,7080,191,7076,7074,650,64,7078],"class_list":["post-12306","post","type-post","status-publish","format-standard","hentry","category-deaf-news","tag-bridge-bank","tag-bridge-capital-holdings","tag-convo-anywhere","tag-convo-communications","tag-daniel-p-myers","tag-deaf","tag-deaf-owned","tag-financial-accounting-standards-board","tag-hard-of-hearing","tag-instant-messenger","tag-interpreter","tag-nasdaq-stock-market","tag-national-association","tag-national-association-of-the-deaf","tag-robin-horwitz","tag-sign-language","tag-silicon-valley","tag-thomas-a-sa","tag-video-relay-service","tag-videophone","tag-web-browser"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p752R-3cu","jetpack-related-posts":[{"id":6546,"url":"https:\/\/deafnetwork.com\/wordpress\/blog\/2009\/05\/24\/convo-relay-launches-a-new-video-relay-service-for-the-deaf-and-hard-of-hearing-communities\/","url_meta":{"origin":12306,"position":0},"title":"Convo Relay Launches a New Video Relay Service for the Deaf and Hard of Hearing Communities","author":"Grant Laird Jr","date":"May 24, 2009","format":false,"excerpt":"Convo Relay Launches a New Video Relay Service for the Deaf and Hard of Hearing Communities Convo Relay today announced the launch of a new Video Relay Service for Deaf and Hard of Hearing consumers, Convo. 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