Digital Ally Announces Commitment for $1.5 Million Credit Facility

Digital Ally, Inc. DGLY today announced that it has received a commitment for a one-year $1.5 million unsecured credit facility from a third-party lender. Funding of the credit facility is expected to occur on or before June 3, 2011. Borrowings under the facility will bear interest at an 8% annual rate. The Company will pay interest only on a monthly basis, with the loan due and payable on the first anniversary of the date of the closing.