Finance and Receivables

OmniaLuo Reports First Quarter Revenue up 288% to $2.5 Million (3º)   (InfoBolsa)

16 May 2008

16/05/2008 18:46:00 Business Wire US68215N1072 Three Months Ended March 31, (Unaudited) ----------------------- 2008 2007 Revenues $ 2,544,186 $ 655,536 Cost of revenues (1,078,267) (276,803) ----------- ----------- Gross profit 1,465,919 378,733 ----------- ----------- Expenses General and administrative expenses 524,160 251,800 Depreciation 41,892 803 Selling and marketing expenses 419,846 ...

Portfolio Recovery Associates Exiting Third-Party Collections Business (Marketwire via Yahoo! Finance)

16 May 2008

Portfolio Recovery Associates, Inc., a company that purchases, collects and manages portfolios of defaulted consumer receivables and provides a broad range of accounts receivable management services, today announced that it will exit the business of contingent fee third-party portfolio collections overseen by its Anchor Receivables Management unit.

MTF distributes $25.0 million to shareholders (Scoop.co.nz)

16 May 2008

The directors of Motor Trade Finances Limited (MTF) are pleased to report a solid result, in a period when finance companies have come under considerable scrutiny, because of underperforming assets and difficulty funding in domestic retail and offshore wholesale markets.