Acquisition of Perfect Pools Signals Rebound of Investors to the Valley of the Sun

October 13th, 2010 by Bank Loan | No Comments | Filed in News


Phoenix, AZ (Vocus) October 5, 2010

JL Pools, LLC is pleased to announce the acquisition of Arizona-based Perfect Pools, LLC. Jason Lohoff, the founder of JL Pools, is returning to Arizona with his young family after seven years in Atlanta to lead the new investment. Lohoff believes that Arizona’s pool service and repair industry is poised for a strong economic rebound. “I saw that Perfect Pools offered the right base to serve the Valley, a chance to be closer to family and friends, and that Arizona’s pool service industry offered unique business opportunities,” Lohoff said.

Lohoff, originally raised in Arizona, comes from a family with multiple generations of experience in the pool service and repair industry. Lohoff’s acquisition signals the return of business investors to the Arizona market.

Lohoff was represented by Harvey Frutkin and Jonathan Frutkin of The Frutkin Law Firm, PLC in Phoenix. “We are seeing many more out-of-state investors looking into Arizona for opportunities,” Jonathan Frutkin said. “It is exciting to see someone like Jason Lohoff returning home to the Valley with his young family to help energize the local business market.”

Perfect Pools, LLC is an exclusive dealer of an innovative salt water chlorination technology called QuikChlor. QuikChlor, has already successfully been installed in over 5,000 Shasta Pools throughout the Valley. The technology involves an advanced salt water chlorination combination which is gentler on the eyes and skin. Perfect Pools, LLC, services over 390 residential customers per week and makes 2,500 repair calls per year.

The seller, Perfect Pools, LLC, was represented by Jonathan Feldman of The Phoenix Law Group of Feldman, Brown, Wala, Hall and Agena, PLC.

To find out more about Perfect Pools, LLC, and the QuikChlor cleaning system, visit www.perfectpoolsarizona.com, or call (480) 656-2984.

For more information, contact Jonathan Frutkin, (602) 606-9300, www.frutkinlaw.com.

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AdMedia Partners Advises LEVEL Studios in Acquisition by Rosetta

September 28th, 2010 by Bank Loan | No Comments | Filed in Bank



New York, NY (PRWEB) September 20, 2010

M&A firm AdMedia Partners today announced that it acted as exclusive financial advisor to LEVEL Studios, a leading digital marketing and technology services agency, in its acquisition by Rosetta, the largest independent interactive agency in the country.

LEVEL Studios, which is on track to book million in revenues this year, propels Rosetta’s 2010 revenues to 5 million and places Rosetta among the top five digital advertising agencies in the United States.

LEVEL Studios is a digital marketing, product development and user experience agency that has developed a cutting edge expertise in creating personally relevant total user experiences through the interplay of branded content, technology platforms and connected devices (e.g. computers, mobile devices, TVs). LEVEL’s client list includes Hewlett-Packard, Cisco, Apple, Toyota, Micron and RIM. The Company has 215 employees located over three California offices.

LEVEL is the second interactive agency that AdMedia has represented in an acquisition by Rosetta, which is backed by the private equity group Lindsay Goldberg. In July 2008, Rosetta acquired AdMedia client Brulant, which at the time had revenues of over million.

About AdMedia Partners

AdMedia Partners is a leading M&A advisor that provides middle market mergers and acquisition advisory services to digital and traditional media, marketing and information businesses. Founded in 1990 and located in New York City, the firm has completed over 175 transactions worth over billion since 1999. For more information about AdMedia Partners, please visit www.admediapartners.com.

About Rosetta

Rosetta is the largest and fastest growing independent interactive agency in the US and is ranked by AdAge among the top ten digital agencies in the country. Engineered for the connected world, Rosetta was founded in 1998 to pilot brands through an ever-changing marketing landscape and drive measurable business impact. Rosetta enables brands to transform their marketing through the discovery of unique insights about their best consumers’ wants and needs and then connecting with them in the most innovative and personally relevant way across all touch points and over time.

Rosetta’s unique combination of a patented approach to segmentation, called Personality® Segmentation; industry leading depth in technology across platforms and devices; world class creative, design and user experience capability; scale and integrated structure; and deep vertical industry expertise in the Healthcare; Retail & Consumer Products; Financial Services; Communications, Media & Technology; Travel & Leisure and B2B markets have attracted many of the nation’s leading brands. The agency’s clients include Allergan, Blue Cross Blue Shield, Bristol Myers Squibb, Johnson & Johnson and Novartis in healthcare; Coach, Express, Jos. A. Bank, OfficeMax, Rogers Communications and Valvoline in the retail sector; Citizens, M&T and Nationwide in financial services; Marriott in travel and leisure and Microsoft and T-Mobile in communications, media and technology.

Rosetta is headquartered in Princeton, NJ, with additional offices in New York, Cleveland, Denver, Boston, Chicago and Toronto.

For more information, visit http://rosetta.com

About LEVEL Studios

LEVEL delivers integrated marketing and product development for global brands. Through the interplay of branded content, technology platforms and connected devices, LEVEL designs a total user experience that amplifies the relationship between brand and consumer. At LEVEL, our methodology is proven; our behavior is adaptive.

For more information, visit http://level-studios.com

AdMedia Partners Contacts:

Greg Smith

Managing Director, AdMedia Partners

Email: gsmith@admediapartners.com

Phone: 212-759-1870

Seth Alpert

Managing Director, AdMedia Partners

Email: salpert@admediapartners.com

Phone: 212-759-1870

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Ahern and Associates Announces Engagement Details of Three Additional Acquisition Clients within Trucking and Logistics Industries

September 27th, 2010 by Bank Loan | No Comments | Filed in News



Phoenix, AZ (PRWEB) September 20, 2010

Ahern and Associates, the nation’s premier trucking and logistics acquisition firm has been hired again to provide specific acquisition target options for three additional established buyers within the trucking and logistics industries.

This now raises Ahern’s total open assignments to thirteen; further cementing Ahern’s reputation as the go-to firm for transportation acquisitions and perhaps signaling a rebound in the transportation industry as a whole.


    Client 1: Established Midwest based carrier; outstanding family business in operation for over 30 years would like to expand throughout the Midwest. Company seeks bulk transport carriers hauling dry product only: flour, sugar, corn, wheat germ, etc… Dry product must be hauled in pneumatic tank carriers as to match their current business model. Annual revenue requirements are between MM to MM.

    Client 2: Large transportation/logistics company based in the Southwest. Company would like to acquire a dedicated freight contract carrier with 3-5 year dedicated contracts in place. Client would also consider a large logistics company or freight brokerage. Annual revenue requirements for potential acquisition are between MM to 0MM. Buyer is prepared to offer 4 to 4.5X EBITDA for an asset based company or 4 to 6X EBITDA for a non-asset based company. Financing is in place, buyer would like to complete transaction by year’s end.

    Client 3: Well established intermodal carrier. Seeking to acquire independent contractor companies within the markets of Los Angeles, CA, St. Louis, MO, and Charlotte, NC. Ideal candidates will have 30+ trucks in operation with annual revenues of MM to MM; independent owner operators only.

Companies which meet the aforementioned requirements who would like to be treated fairly and openly are urged to contact Andy Ahern of Ahern and Associates, Ltd. directly at 602-242-1030 or visit Ahern’s Client Acquisition Board for additional details.

About Ahern & Associates, Ltd.:

Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit http://www.Ahern-Ltd.com

Business contact:

A.W. Ahern

602-242-1030

Media contact:

Jason W. Jantzen

Phoenix Marketing Associates

http://www.PhoenixMarketingAssociates.com

602-282-0202

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First Fidelity Homes Accelerates its Acquisition of Bank Foreclosures

September 27th, 2010 by Bank Loan | No Comments | Filed in Bank



Teaneck, NJ (PRWEB) September 22, 2010

As bank foreclosures rise, First Fidelity Homes increases its acquisition of bank foreclosed homes. The company recently acquired its 15th REO property in Florida. Committed to saving communities, First Fidelity provides a socially responsible solution to these bank foreclosures that is different from traditional flipping. Flipping homes can be detrimental to the physical, social, and economic well-being of a community since homes are left vacant during the process. Instead, First Fidelity offers these homes with seller financing to homeowners and structures the monthly payments to be significantly lower than market rents in the area, ensuring the homes stay occupied.

Once they are generating revenue, these properties are then offered to investors at about 50% below market value. In addition, they come with a high annual return. The investors’ role is similar to that of a bank and involves no landlording and no maintenance since the homeowners are responsible for all taxes, maintenance, and insurance.

Farouk Sheikh, CEO of First Fidelity, created this model as a solution for investors who were eager to invest in bank foreclosures, but lacked the time and resources to acquire and evaluate the properties, and then turn them into cash flowing entities. At the same time, there were homeowners in need of affordable lending options. “We figured out a way to create a win-win situation for hardworking American families who wanted to own a home and for investors to make excellent returns with bank foreclosures,” explains Sheikh. “The win-win situation for both the investor and the homeowner is what makes this a realistic and financially viable situation for all stakeholders involved.”

For more information on First Fidelity Homes’ investment program or to view available investment properties, please visit http://www.firstfidelityhomes.com/ProgramOverview.

About First Fidelity Homes

First Fidelity Homes is a socially responsible real estate firm headquartered in New Jersey that offers revenue generating bank foreclosures at a discount to investors. The firm has been involved in over 250 bank owned real estate transactions. First Fidelity offers cash flowing bank foreclosures for sale across the U.S. in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maine, Michigan, Mississippi, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and Wisconsin.

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The X-Change Corporation Announces Acquisition of Cybertel USA, Inc.

September 26th, 2010 by Bank Loan | No Comments | Filed in News

Los Angeles, CA (PRWEB) September 20, 2010

The terms of the acquisition will not involve a change in control of the Company. X-Change will pay 0,000 cash to the shareholders of Cybertel USA in exchange for 100 percent of the stock of Cybertel USA stock.

Cybertel USA sells a software-based office telephone system commonly known as a “virtual office” phone system. The system uses the internet to deliver all the features of a PBX without the costly set-up and expensive hardware found in such systems. Cybertel’s virtual system seamlessly integrates multiple locations and remote employees, supporting home and traditional offices and companies that have employees working in both types of location. Cybertel USA’s system offers free unlimited long distance calling anywhere in the US and Canada, free local number per user, 24/7 customer support, a virtual office and virtual receptionist menu, and support for mobile and “landline” phones.

In addition, Cybertel USA offers voicemail, conference calling, call on hold, and many other features. Subscribers can transfer their existing number or choose a regular or toll-free number in the US or in 32 other countries. To facilitate international dialing, Cybertel USA offers low-rate calling cards with pinless dialling.

Cybertel USA is a California C corporation. Company management includes experienced technology entrepreneurs and business professionals from the consumer, finance, and technology sectors. Cybertel USA addresses the increasing use of work from home by employees in widely separated offices. Cybertel USA’s services are delivered through its commercial resellers, serving the US, the European Union, the Middle East , Central and South America, and the Far East. Additional distribution channels are being developed.

Company management believes that continued acquisitions in the telecommunications field would increase the value of the company. It is anticipated that two additional acquisitions will be negotiated in relation to the Cybertel USA acquisition. Cybertel USA will close prior to October 30, 2010. Existing shareholders are providing financing for this acquisition.

A note on X-Change’s trading symbol: The temporary symbol XCHCD will revert to the original symbol, XCHC, in the near future.

About The X-Change Corporation

The X-Change Corporation is a publicly traded company. In March 2010, X-Change began a restart after a period of dormancy. Management believes that the new direction indicated by the acquisition of Cybertel USA, Inc., http://www.cybertelusa.com and Genesis-Key, Inc., http://www.genesis-key.com will build shareholder value.

Forward-Looking Statements

This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as “anticipate,” “seek,” intend,” “believe,” “plan,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. The X-Change Corporation does not undertake any duty nor does it intend to update the results of these forward-looking statements.

Contact Information

Haviland Wright, President & CEO

Email: info@xchccorp.com

Tel: +1 808 651 5683

Web: www.xchccorp.com

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Surge Energy Inc. Announces Acquisition of Light Oil Resource Play Asset, $40 Million Bought Deal Financing, Increased …

September 23rd, 2010 by Bank Loan | No Comments | Filed in News

Surge Energy Inc. Announces Acquisition of Light Oil Resource Play Asset, Million Bought Deal Financing, Increased …
CALGARY, ALBERTA–(Marketwire – Sept. 23, 2010) -
Read more on Marketwire

Survey says: Consumer satisfaction with PCs rises
SAN FRANCISCO — Consumers are as happy as they’ve ever been with their computers, and those with Apple computers are the most pleased, a new survey says.
Read more on Deseret News

World News: Italy seizes M from Vatican bank
VATICAN CITY (AP) — Italian authorities seized 23 million ($ 30 million) from a Vatican bank account Tuesday and said they have begun investigating top officials of the bank in connection with a money-laundering probe.
Read more on The Mercury

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ALLOT: ECO: Completion of trilogy acquisition / placement allotments

September 19th, 2010 by Bank Loan | No Comments | Filed in News

ALLOT: ECO: Completion of trilogy acquisition / placement allotments
Don’t know the stock code? Search by keyword: “Was South Canterbury Finance (SCF) complying with NZX continuous disclosure requirements in the months before its receivership on August 31? SCF’s prospectus was last amended on August 24 but provided no update on the December 31 accounts other than discussing its credit rating downgrades and other adverse events, including a comment that a …
Read more on ShareChat

State Superintendent says finance overhaul not ready
Wisconsin state Superintendent Tony Evers says his plan for overhauling how schools are funded remains a work in progress.
Read more on WKBT La Crosse

Manufacturing to push economic growth: Kaushik Basu
Amid the Reserve Bank expressing doubts over the efficacy of industrial data, a top adviser to the Finance Ministry on Friday said manufacturing is on buoyant path that will keep Indian growth story going in the medium to long run.
Read more on The Economic Times

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Capstone Partners Advises International Education Finance Corporation on its Acquisition by Collegiate Funding Services, Inc.

September 17th, 2010 by Bank Loan | No Comments | Filed in Loans

Boston, MA (PRWEB) June 5, 2005

Capstone Partners LLC, a national investment banking advisory firm, announced today that it has successfully advised International Education Finance Corporation (Â?IEFCÂ?) on its recent acquisition by Collegiate Funding Services, Inc. (NASDAQ: CFSI). Capstone initiated the transaction, assisted in the negotiations and acted as executive financial advisor to IEFC.

Collegiate Funding Services (Â?CFSÂ?) expects the transaction to be immediately accretive to earnings in 2005. The terms of the transaction were not disclosed, however, the purchase price was not material.

Â?We were pleased to participate in such a meaningful transaction in the education finance sector,Â? said CapstoneÂ?s vice president Noah Brown. Â?IEFC has built the premier franchise in the international student loan market, and CFS offers a strong platform for continued growth and innovation.Â?

“IEFC provides CFS an entry into the rapidly growing market for international education finance solutions and extends our campus-based relationships,” said J. Barry Morrow, chief executive officer and president of Collegiate Funding Services. “Their network of relationships with school financial aid officials will complement our school channel and their product offerings and overall operations are an excellent fit with our existing business. With the increasing globalization of the economy, and the resulting growth in demand for cross-border education, international education finance is an attractive market niche.”

The acquired business will operate as a division of Collegiate Funding Services under the direction of IEFC’s president and founder, Dwight Peterson.

“Since 1995, IEFC has helped school financial aid officers as they seek financing solutions for students pursuing international education opportunities,” said Peterson. “We believe that our existing school relationships and our commitment to the growing international education market complements CFS’ current in-school programs.”

Capstone Partners LLC is a leading national investment banking advisory firm dedicated to serving the needs of middle-market businesses. With offices in Boston and San Francisco, the firm maintains transactional and research resources in the technology & media, business services and specialty products industries. www.capstonellc.com

International Education Finance Corporation is a marketer of federally guaranteed and private education loans, serving both U.S. students going abroad and international students coming to the U.S. Since 1995, the company has helped more than 30,000 students finance their international education by generating more than 0 million of student loans via financial aid office and affinity relationships. During 2004, IEFC generated more than 0 million of total loan volume for origination. www.iefc.com

Collegiate Funding Services, Inc. (NASDAQ: CFSI) is a leading education finance company dedicated to providing students and their families with the practical advice and loan solutions they need to help manage and pay for the cost of higher education. Collegiate Funding Services also offers a comprehensive portfolio of education loan products and services – including loan origination, loan servicing, and campus-based scholarship and affinity marketing tools – to the higher education community. www.cfsloans.com

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Aon Corp. to offer $1.5 billion in senior notes to fund acquisition of Hewitt Associates

September 14th, 2010 by Bank Loan | No Comments | Filed in Loans

Aon Corp. to offer .5 billion in senior notes to fund acquisition of Hewitt Associates
CHICAGO – Aon Corp. said Wednesday it will sell $ 1.5 billion in senior unsecured notes to help fund its $ 4.9 billion acquisition of human resources firm Hewitt Associates Inc.
Read more on Minneapolis-St. Paul Star Tribune

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A finance com.is blocking the acquisition of the house we have an unconditional contract on. What can we do?

September 11th, 2010 by Bank Loan | 1 Comment | Filed in News

Question by Martin: A finance com.is blocking the acquisition of the house we have an unconditional contract on. What can we do?
We have placed a caveat on the title, but they are taliking about taking the house to mortgagee auction in the hope of getting more money than we have agreed to pay. Is there any legal action I can take aginst the finance company? No point sueing the vendor he’s gone bankrupt and is leaving New Zealand.

Best answer:

Answer by Spock (rhp)
since/if the vendor [seller] can’t make good on the difference between what you’ve agreed to pay and what he owes on the property, the sale can’t close.

and no, you can’t sue the finance company [mortgage holder] successfully; they haven’t done anything wrong and the seller hasn’t the right to compel them take a loss.

you can go to the auction, if it happens, and bid LESS than your contract amount. Which would be a fine and poetic justice, don’t you think?

What do you think? Answer below!

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