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Published on 2/11/2005 in the Prospect News PIPE Daily.

Torbay gets $1.65 million equity line

By Sheri Kasprzak

Atlanta, Feb. 11 - Torbay Holdings Inc. said it has received a $1.65 million equity line from The Nutmeg Group LLC.

The company may draw upon the agreement at its discretion to fund marketing initiatives, manufacturing activities and product development.

Additional details about the offering could not be determined by press time Friday.

Based in Mineola, N.Y., Torbay is a computer hardware and software production company.


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