Callidus Capital Corporation to Host Fiscal 2014 First Quarter Results Conference Call

TORONTO, May 13, 2014

TORONTO, May 13, 2014 /CNW/ -Callidus Capital Corporation ("Callidus") (TSX: CBL), a provider of flexible and innovative asset-based loans, is pleased to announce that it will release its 2014 first quarter financial results on Wednesday, May 14, 2014, after 5:00 p.m. Eastern Time. Callidus will subsequently hold a conference call on Thursday, May 15, 2014, at 8:00 a.m. Eastern Time. A question and answer session will follow the corporate update.

About Callidus Capital Corporation

Established in 2003, Callidus Capital Corporation is a Canadian company that specializes in innovative and creative financing solutions for companies that are unable to obtain adequate financing from conventional lending institutions. Unlike conventional lending institutions who demand a long list of covenants and make credit decisions based on cash flow and projections, Callidus credit facilities have few, if any, covenants and are based on the value of the company's assets, its enterprise value and borrowing needs. Callidus employs a proprietary system of monitoring collateral and exercising control over the cash inflow and outflows of each borrower, enabling Callidus to very effectively manage any risk of loss.

SOURCE Callidus Capital Corporation