Command Credit Corp. signs $10 million letter of intent.president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Command Credit Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CDMD CDMD Configuration Data Managers Database CDMD Chemical Defense Materials Database ) announced today that Command Credit Corp. has entered into a $10 million letter of intent with Florida based JetLease Finance Corp. Under the terms of the agreement, Command Credit will purchase, for stock, a $10 million dollar subsidiary of JetLease Finance Corp. In addition, Command will work closely with JetLease to obtain an additional $10 million of new aircraft leases. JetLease Finance Corp. is a well established aircraft lender and leasing company. Its current portfolio is comprised primarily of jet aircraft that currently exceeds $50 million. It is one of the largest and most profitable financial organizations of its kind. As a result of this transaction, Command will add approximately $1,200,000 in revenue and $10 million to its asset base. "This transaction is Command's first entry in aircraft leasing, and we are delighted to have JetLease as a partner," said Bill Lucas Bill Lucas (1936 — May 5 1979) was the first black General Manager in Major League Baseball. His official title was Vice President of Player Personnel, but owner Ted Turner gave him all the duties of a General Manager. . Mark Blacher, senior vice president and chief financial officer of JetLease Finance Corp. said, "This is the type of synergistic transaction that has been long awaited for by JetLease Finance Corp. The experience of Command Credit combined with JetLease's know how is a perfect fit. We are very excited about this transaction and welcome the experience and knowledge of Bill Lucas and Command Credit Corporation." Command Credit Corp. is an international financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company specializing in bank credit cards. It also provides corporate finance services through its investment banking and leasing subsidiaries. CONTACT: Command Credit Corp. Investor Relations Investor relations The process by which the corporation communicates with its investors. , 1/800-338-9199 |
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