Crown Alliance Capital Announces the Completion of Purchase of Portfolio
(firmenpresse) - MISSISSAUGA, ON -- (Marketwired) -- 11/04/13 -- Crown Alliance Capital (OTC: CACL), a senior life settlement Company, is very pleased to announce that on October 31, 2013, we completed the purchase of the last of the four policies we agreed to purchase under our Policy Purchase Agreement with Universal Settlements International, Inc. ("USI"). Crown's President and CEO, Lorraine Fusco said, "With the receipt of the recent funding and the completion of this agreement, we can now move forward in the implementation of our business plan and the expansion of our existing portfolio. I want to thank all of our shareholders for their patience and support during our growth process."
Crown Alliance Capital Limited (OTC: CACL) is a publicly reporting Corporation, formed in March of 2010 with the intention of acquiring senior life settlement policies. The company targets and acquires mainly universal life insurance policies that are no longer desired by individuals in order to build a large portfolio of policies that meet a rigid selection process. By becoming the owner/beneficiary of the policies and maintaining the premiums, Crown is able to obtain a substantial return on investment when each death benefit is ultimately paid.
Certain statements and information included in this release constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
Contact:
Crown Alliance Capital Limited
2985 Drew Road, Suite 217
Mississauga, ON L4T OA4
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Datum: 04.11.2013 - 17:00 Uhr
Sprache: Deutsch
News-ID 312353
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MISSISSAUGA, ON
Kategorie:
Personal Finance
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