CCOM Group, Inc. announces PPP loan forgiveness

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HOTORN, NJ – () – CCOM Group, Inc. (“CCOM”) (OTC Pink: “CCOM”, “CCOMP”) announces the forgiveness of its PPP loans.

In April 2020, the Company through its subsidiaries Universal Supply Group, Inc., RAL Supply Group, Inc. and S&A Supply, Inc. received funding from the Small Business Administration (SBA) Salary Protection Program (PPP). Loan “) in the amount of 1,415,256 US dollars, 650,000 US dollars and 220,000 US dollars, respectively, or 2,285,256 US dollars in total. The National KeyBank Association has notified the company that it has received a 100% loan forgiveness from the SBA. Forgiveness will be recognized as a profit on debt repayment.

About CCOM Group, Inc.

CCOM Group, Inc. (“CCOM”) distributes heating, ventilation and air conditioning (HVAC) equipment, parts and accessories, whole-house generators, climate control systems, and plumbing and electrical equipment and supplies, mainly in New Jersey, New Jersey. York. , Massachusetts and parts of eastern Pennsylvania, Connecticut and Vermont through its subsidiaries: Universal Supply Group, Inc., www.usginc.com, RAL Supply Group, Inc., www.ralsupply.com, and S&A Supply, Inc., www.sasupplyinc.com… CCOM is headquartered in New Jersey and operates in 15 locations with its subsidiaries in its geographic sales area. For more information on CCOM activities, products and / or services visit www.ccom-group.com

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