OIP closes US $30 million loan with Allied Boston BankTortola 11 October 2001 OIP closed a five year US$30 million loan with Allied Boston Bank Inc. The loan facility will be used for general corporate purposes. OIP's Omnigon's Proph-IT Technology turns networks into supercomputers by analyzing massive amounts of data and delivering solutions to combinatorial explosive problems that are currently unsolvable on standard computer platforms.
OIP Ltd. is the sole owner of the Omnigon Group of companies that specialize in
solving large - scale optimization problems with its patented Proph - IT
Technology.
Omnigon plans to deliver its first commercial product in December 2001 in the
BioInformatics sector.
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