Tag Archives: Acquires

CUSTOMS Info Global Data Mining Acquires New Office Space in Ogden, UT

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Eden, UT (PRWEB) June 26, 2013

CUSTOMS Info Global Information Mining, a single of the biggest providers of duty, tax and regulatory information for Global Trade Management Applications and international eCommerce, continues to expand its operations by opening a new workplace in Ogden, UT. The new workplace is in the landmark AmeriCan Developing in downtown Ogden.

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Opened in 1915, the American Can factory ultimately expanded to include seven buildings and was a crucial force in Ogden’s manufacturing economy until its closure in 1979. Rechristened the AmeriCan Center in 2007, the modernized and seismically retrofitted buildings began to property organizations like Amer Sport Corp., the Ogden Front, and Cross Fit Ogden.

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Ron Lackey, CEO of CUSTOMS Information Worldwide Data Mining, stated, “Our new space provides us space to develop and the capability to host larger consumer meetings. It will also serve as a central meeting place for our remote workers. We are pleased to be in such a distinctive historical constructing.”

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CUSTOMS Information Global Information Mining support businesses optimize global trade management (GTM) systems and streamline global trade compliance automation. We offer the worlds most comprehensive trade information repository delivered by way of net-primarily based subscription, API web services or as data to populate any GTM or Landed Cost application. We are the largest provider of duty and tax content for international e-commerce with hundreds of e-commerce internet sites using our information to provide accurate landed price info. Our data and services supply quicker deliveries and fewer border delays. We help multi-national companies increase the informational value of trade information and the productivity of international trade employees to reduce operating costs, increase customs compliance, accelerate supply chain speed and maximize the return on investment of this corporate function. Locations of knowledge consist of customs classification investigation, customs auditing and trade information analytics/business intelligence.

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Functioning in conjunction with GTM applications, our strategic partners contain SAP, Oracle, MIC and other trade software partners. Please pay a visit to http://www.customsinfo.com for a lot more info.

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Perfumania Holdings, Inc. Acquires Model Reorg

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Sunrise, FL (PRWEB) August 18, 2008

Perfumania Holdings, Inc. (Nasdaq:PERF) (formerly, E Com Ventures, Inc.) announced last Monday that it has completed the acquisition of Model Reorg, Inc. (“Model”), a diversified U.S. wholesale and retail designer perfume and fragrance company.

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Model, which was controlled by the loved ones of Glenn and Stephen Nussdorf, principal shareholders of the Firm, was merged into a wholly-owned subsidiary of the Organization. The Model shareholders received five,900,000 shares of Perfumania Holdings, Inc. frequent stock and warrants to acquire an extra 1,500,000 shares at an exercising value of $ 23.94. &#13

In connection with the merger, the Organization also consummated a senior credit facility with Basic Electric Capital Corporation in the aggregate quantity of up to $ 250,000,000, obtained a subordinated loan from Nussdorf loved ones trusts of approximately $ 55 million, and agreed to a modification of existing debt owed by Model to an affiliate. &#13

“We are really excited about the possibilities and prospects afforded by the merger of Model and E Com,” stated Michael W. Katz, President and Chief Executive Officer of E Com and Model. “The merger will allow us to pursue future growth strategies, take benefit of the synergies amongst the two firms, and position ourselves as a big, independent, national, vertically integrated specialty retailer and wholesale distributor of designer perfumes and fragrances.”

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Forward-Seeking Statements

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This press release includes forward-looking info about the anticipated effects of the merger with Model that are “forward-searching statements” within the which means of the Private Securities Litigation Reform Act of 1995. Those forward-searching statements involve recognized and unknown risks, uncertainties and other aspects that might result in our actual final results, overall performance or achievements of these of our market to be materially various from any future final results, performance or achievements expressed or implied by those forward-hunting statements. Amongst the aspects that could trigger actual results, overall performance or achievement to differ materially from those described or implied in the forward-hunting statements are our capacity to integrate and accomplish synergies amongst ourselves and Model, our potential to service our obligations under the new borrowing facilities, our ability to comply with the covenants in our new senior credit facility, general economic situations, competition, possible technologies changes, adjustments in or the lack of anticipated alterations in the regulatory environment in a variety of nations, our ability to safe partnership or joint-venture relationships with other entities, our capacity to raise added capital to finance expansion, the risks inherent in new item introductions and entry into new geographic markets and other risks and uncertainties described in our filings with the SEC. The Organization undertakes no obligation to publicly update any forward-looking statements, regardless of whether as a outcome of new details, future events or otherwise.

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American Homeowner Preservation Acquires six.6MM of Non-Performing Mortgages

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Cincinnati, OH (PRWEB) July 07, 2011

AHP has utilized private investors to fund these acquisitions from both banks and hedge funds. By taking control of the mortgages or occupied REOs, AHP can craft options to maintain households in their houses. Hence far, AHP has cut monthly payments by an typical of almost 40% and offered alternatives to households to repurchase their houses at rates averaging 63% less than their prior mortgage balances.

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“Each family members has a special set of circumstances, dictating customized resolutions,” mentioned AHP Director Jorge Newbery. “Traditionally, government, banks and servicers have attempted to apply 1-size-fits all options to these millions of families, and the outcomes have been disappointing for all. AHP approaches every household, asks them what they want and what they can afford, then concocts a answer which tends to make sense for the family members, AHP and our investors. AHP’s priority is what makes sense for the family, not what tends to make the most money for AHP or our investors. We can supply fantastic options for struggling families and nonetheless create powerful returns for AHP investors. The two are not mutually exclusive.”

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AHP’s most common repair is a brief sale leaseback of the home to an investor who agrees to give an inexpensive lease and favorable repurchase alternative to the family members. AHP gives counseling throughout the 5 years lease term to maximize the likelihood that the family will qualify for financing to repurchase. “I wasn’t able to pay my mortgage because I lost my warehouse job at a supermarket. The organization closed after I worked there two years. AHP genuinely does help folks to not lose their houses,” said Antonio Diaz of Dallas, whose monthly payment dropped from more than $ 800 to $ 461 and who can repurchase for $ 19,780 the residence which previously secured his $ 59,850 mortgage.

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As opposed to several mortgage holders, AHP encourages non-arm’s length transactions. A single Indianapolis loved ones owed more than $ one hundred,000 on their mortgage. When AHP provided to have an investor purchase the home for $ 22,000 and leaseback to the family, the homeowner proposed that his brother come up with the $ 22,000. “My brother was in a position to purchase my residence and now I’m now renting from him. I wasn’t capable to pay my mortgage due to the fact I lost my job right after the company shut down. I was there for 4 years, then my interest rate increased and my lender wouldn’t let me do a loan modification. Now I paint houses but, sadly, there’s not a lot of operate or funds. Still, I can pay the rent that was set up with my brother and AHP. I am quite pleased how almost everything turned out,” stated former homeowner turned renter Martin Jiminez.

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In some instances, AHP can reduce principal and modify the loan. “I really feel like this was an answer to my prayers. I function as an interventionist for Memphis City Schools for the duration of the school year, but these previous summers I haven’t located a summer season job. I ended up using all my savings and not becoming capable to afford my property. The entire AHP employees was really instructional,” mentioned Angela Johnson, whose $ 59,000 mortgage balance was decreased to $ 24,000 and $ 750 payment dropped to $ 400.

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AHP has agreements to obtain more than $ 19,700,000 in defaulted mortgages in July. “The banks and hedge funds selling these nonperforming mortgages want reliable purchasers who close on time at fair rates. As we continue to execute, we are getting provided bigger and larger pools,” continued Newbery. “We appear forward to keeping much more and much more struggling families in their residences with realistic long-term options, although offering our investors the potential to earn favorable returns in a socially responsible manner.”

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American Homeowner Preservation can be contacted at (800) 555-1055 or http://www.ahphelp.com.

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