Cypress Financial Services Inc. Announces Portfolio Acquisition.CYPRESS, Calif.--(BUSINESS WIRE)--Sept. 16, 1997--Cypress 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. Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CYFS CYFS Check Your Faulty Spelling (polite form) ) Tuesday announced the completion of their acquisition of an accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying portfolio valued at approximately $109 million. The portfolio was purchased from a major California financial institution and consists of auto and auto-deficiency loans. The combination of this most recent acquisition with previous purchases brings the company's total receivables portfolio to over $220 million for its own collection account. Cypress Financial Services is a diversified accounts receivable debt recovery services company. The company provides accounts receivable management, administration and debt collection services primarily to health care providers and consumer credit issuers. The company operates throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Japan, employing over 118 people from its corporate headquarters in Cypress. CONTACT: Cypress Financial Services Otto J. Lacayo, 714/995-0627, ext. 344 800/633-2668, ext. 344 www.cypress1.com |
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