Jacksonville, Fla. Credit Bureau Acquired.COCONUT CREEK, Fla.--(BUSINESS WIRE)--May 29, 1998--Triangle Imaging Group Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:TRIG) announced Friday that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. QuickCREDIT Corp. has completed the acquisition of 100% of the stock of EJG EJG Education Journalists' Group EJG European Job Guide Services Inc., d/b/a Universal Mortgage Reporting (Universal). Universal is a credit reporting agency located in Jacksonville and the QuickCREDIT transition team will be coordinating a seamless transition without any interruption INTERRUPTION. The effect of some act or circumstance which stops the course of a prescription or act of limitation's. 2. Interruption of the use of a thing is natural or civil. of its current business. Universal is a local service provider offering single as well as merged credit reports and RMCRs (Residential Mortgage Credit Reports) to clients in its geographical area. Additionally, Universal represents the third credit reporting agency acquired by QuickCREDIT and will allow us to obtain volume discounts on credit reporting needs. Discounts will be passed along to our other wholly owned credit agencies. Universal's clients include banks, mortgage companies and local businesses, all requiring credit services to conduct business more efficiently. Triangle's 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. , Vito A. Bellezza stated: "This strategic acquisition will allow QuickCREDIT Corp. to not only expand geographically into Northern Florida but will also allow all our currently owned and future credit bureau acquisitions to share in discounted costs available through Universal." QuickCREDIT Corp. President Van Saliba anticipates annual revenue at Universal to exceed $1 million for all of 1998. "Keith Giordano, a 20 year veteran with TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc and a well known and sought after lecturer on credit services, will remain with Universal in the capacity of Regional VP. He will be a very valuable addition to our QuickCREDIT team and will be instrumental with the training of our personnel to maximize their efficiency." Triangle is the parent of its wholly owned subsidiaries, whose corporate resources include some of the leading figures in the computer, computer software, mortgage, finance, credit reporting and insurance fields, with both U.S. and global experience. Triangle, and its subsidiaries, are actively seeking acquisitions in complementary technological fields and are currently negotiating with several additional acquisition candidates. For more information contact Bill Whalen, Shareholder Services, at 954/968-2080, or visit our listing at http://www.stockprofiles.com. -0- This release may include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. from the company that may or may not materialize ma·te·ri·al·ize v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es v.tr. 1. To cause to become real or actual: By building the house, we materialized a dream. . Additional factors that could potentially affect the company's financial results may be found in the company's filings with the Securities and Exchange Commission. CONTACT: Bill Whalen, Shareholder Services 954/968-2080 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion