Access Media 3 Secures $3 Million Financing to Fuel Continued Growth
Oak Brook, IL – April 29, 2011 – (RealEstateRama) — Access Media 3, a leading provider of triple-play media services (high-speed internet, satellite TV and voice) to multi-dwelling unit properties, has secured $3 million in new financing from the Hinsdale Bank and Trust Corporation, one of 15 Wintrust Community Bank charters. These funds will support the rapid growth underway at AM3 including the expansion of service in its existing markets in metropolitan Chicago and Minneapolis/St. Paul.
“This new available capital enables AM3 to advance its primary goals of aggressively increasing growth while maintaining the highest levels of customer service and satisfaction to our existing market,” stated Scott Rediger, CEO of AM3. “Our dramatic growth in the multi-dwelling unit market is a reflection of careful strategic planning and dedication to innovative products to meet our subscribers’ needs.”
Hinsdale Bank’s commitment to AM3 demonstrates the lender’s confidence in the triple-play provider’s experienced management team and well-executed business model. John Czyzycki, Senior Vice President of Hinsdale Bank stated that, “Although many companies have been forced to consolidate their businesses, AM3 has demonstrated the ability to continue dramatic growth. AM3’s leadership position in the industry appeals to property managers, who typically make service provider selections on behalf of their building associations and landlords.”
AM3 has firmly established itself as one of the Midwest’s largest non-franchised providers of triple-play media services, growing the business to 33,000 subscribers since 2007. The company has also invested in maintaining high product and service standards, including a significant upgrade of its customer call center in 2010.
About Access Media 3
Access Media 3, headquartered in Oak Brook, Illinois, is one of the leading providers of comprehensive digital media and telecommunications solutions (triple play media services) including design, installation, maintenance, and management services for multi-dwelling units. Led by a team of industry veterans, Access Media 3 prides itself on offering flexible tailor-made solutions through strong project management and property specific solutions based upon wiring and technology needs. Its satellite television is provided through its account partnership with DIRECTV, which in 2010 awarded Access Media 3 its Highest Year-Over-Year Growth Award. Visit www.am3inc.com for more information.
About Hinsdale Bank & Trust Company
Hinsdale Bank & Trust Company was founded in 1993 by bankers and local business people who wanted to restore real hometown banking to the area. As one of the only true community banks in town, Hinsdale Bank & Trust Company is locally controlled and managed, providing customized products and services for residents and businesses in the area. Hinsdale Bank & Trust Company is a member of the FDIC and an Equal Housing Lender. Visit the bank’s website at www.hinsdalebank.com.
About Wintrust
Wintrust is a financial holding company with assets of approximately $14 billion whose common stock is traded on the NASDAQ Global Select Market (Nasdaq:WTFC). Wintrust operates fifteen community bank subsidiaries that are located in the greater Chicago and Milwaukee market areas. Additionally, the Company operates various non-bank subsidiaries including one of the largest commercial insurance premium finance companies operating in the United States, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, companies engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services including broker-dealer, money management services, advisory services, and trust and estate services. Currently, Wintrust operates more than 85 banking offices.
Contact:
Nancy Gerstein
nancy (at) creativemarketing (dot) co
847.401.0384
