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February 21, 1997updated 05 Sep 2016 1:02pm

QUAD IS FIRST TO SUFFER BECAUSE OF CENTENNIAL’S TROUBLES

By CBR Staff Writer

There’s a price to pay when a company like Centennial Technologies Inc runs itself into deep trouble. One of the first to have to pay looks likely to be Willow Grove, Pennsylvania- based Quad Systems Corp, which warns that it is uncertain of collecting $750,000 in accounts receivable from Centennial and said loss of the funds might cause it to be in default of its bank line of credit at the end of the quarter. The company is owed for equipment used in production of circuit boards.

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