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EX-IM BANK DIRECTOR D.VANESSA WEAVER TO DISCUSS EXPORT FINANCING OPPORTUNITIES FOR HIGH-TECH COMPANIES

FOR IMMEDIATE RELEASE June 25, 2001

Media Contact Name/Phone: 

Niki Shepperd (202) 565-3202

High technology companies both large and small looking to expand their export sales will have the opportunity to find out how they can use financing from the Export-Import Bank of the United States (Ex-Im Bank) to sell to emerging markets at the 40th Executive Management conference on Information Technology in Orlando, Fla., June 26. Ex-Im Bank Director D. Vanessa Weaver in a keynote address will highlight export opportunities for technology companies and discuss Ex-Im Bank's role in U.S. trade and how technology companies can use Ex-Im Bank's financing to compete in foreign markets.

40th Executive Management Conference on Technology
Keynote Address
Tuesday, June 26, 2001
4:00 p.m.
Hyatt Regency Grand Cypress Hotel
One Grand Cypress Blvd.
Orlando, Fla.

Ex-Im Bank financed more than $436 million of U.S. high technology exports in fiscal year 2000, a 90 percent increase from fiscal year 1999. Ex-Im Bank finances all kinds of high-tech exports in fields such as electronics, telecommunications, biotechnology, medical imaging equipment, and Internet communications systems. In Florida during the past five years, Ex-Im Bank has helped 557 companies in 85 communities to export $2.8 billion of goods and services to foreign markets, sustaining thousands of jobs in the state.

Ex-Im Bank is an independent U.S. government agency that assists in financing the export of U.S. goods and services to markets around the world, through export credit insurance, loan guarantees, and direct loans. In fiscal year 2000, Ex-Im Bank helped to finance nearly $15.5 billion of U.S. exports worldwide.