U.S. Debt Settlement Completes New Acquisition
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LOS ANGELES, CA. - August 17(th), 2010 - U.S. Debt Settlement, Inc. ("USDS", or
"the Company") today announces it has completed the acquisition of Ram
Financial.
With the acquisition, USDS gains an additional 410 clients, bringing its total
to approximately 4,000. Based on current projections, USDS expects the deal to
increase its top line revenues by around 20% compared to 2009. The deal
construction includes a share exchange and an earn out.
Michael Mann, CEO for USDS stated, "This is our third acquisition in the past
six months and our fourth overall, a further validation of our ability to
structure and execute deals. We are able to offer our acquisition targets
certain growth prospects that go beyond their current capabilities, thereby
creating an environment in which we can negotiate deals on terms advantageous to
both parties, while providing a significant upside to our investors."
Mr. Mann continued, "Due to the nature of both businesses, integration of Ram
Financial in our existing infrastructure will be relatively simple. I feel
confident that we can offer the existing clients of Ram a better level of
service then what was previously available to them, which should support the
organic growth of the to be integrated business. We will continue the execution
of our two tier strategy aimed at achieving growth through acquisitions and
product diversification and I expect to make more announcements within the near
future. Our business is performing well and we are enjoying substantial growth
after a year of transition."
About U.S. Debt Settlement
Founded in 2003, U.S. Debt Settlement (US4.DE) provides professional debt
settlement solutions to financially troubled consumers throughout the country.
U.S. Debt Settlement specializes in helping those people faced with overwhelming
debt. The Company offers its clients a very practical and effective way to
resolve what they owe credit card companies and other sources of unsecured debt.
Contacts:
U.S. Debt Settlement
Michael Mann, CEO
4811 Merlot Avenue, Suite 110
Grapevine, Texas 76051
Telephone 1- 817 778 4740
mmann(at)usdebtsettlement.com
Note to editors: If you are interested in viewing additional information on US
Debt Settlement , please visit the US Debt Settlement Web page
athttp://www.USDebtSettlement.com on US Debt Settlement's corporate information
pages. Web links, telephone numbers, addresses and titles were correct at time
of publication, but may since have changed. For additional assistance,
journalists and analysts may contact US Debt Settlement's Rapid Response Team or
other appropriate contacts listed at http://www.USDebtSettlement.com
[HUG#1438284]
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US Debt Settlement
21625 Prairie St, 2nd Floor Chatsworth USA
WKN: A0RFKP;ISIN: US9033201099;
Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
Press Release as PDF:
http://hugin.info/143076/R/1438284/382884.pdf
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Source: US Debt Settlement via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 17.08.2010 - 09:30 Uhr
Sprache: Deutsch
News-ID 39744
Anzahl Zeichen: 0
contact information:
Town:
Chatsworth
Kategorie:
Business News
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