Testimonial - Michael p. boyle, ceo of boyle energy services and technology, concord, nh

I’m Michael P Boyle, President and CEO of Boyle Energy Services and Technology (BEST), in Concorde, NH. Financial challenges have been credit competitiveness, which has been very difficult for us. The establishment of buying parameters, and credit support, banking support, going into various countries on a monthly basis, have been very difficult, so having the Ex-Im Bank support has stabilized that for us across every region that we’ve been currently working in. We’re currently using the export credit insurance protection for receivables, which has been magnificent. In not less than four occasions it’s completely helped us improve our cash flow. It’s been staggeringly valuable to the company. We’ve gone up 75% over the course of the last three years. We see nothing but upside growth from here. We’re very grateful to the Ex-Im Bank for what they’ve been supporting us with through their lender Bank of America. Our relationship with Bank of America has been very strong in relation with Ex-Im Bank. But now we’ve just got a brand new facility for a line of credit which is going to allow us to compete on a much more even keel throughout the world with competitors from Spain or Egypt. We’re expecting to double our employment base in the next year, and when we finish our alignment with the Ex-Im Bank by the end of the year, we think we’re going to be probably up 100 to 200 percent in employment.