Tempo Launches Life Settlement Securitization & Structured Finance Group.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Tempo Financial, Inc. (Pink Sheets:TPOF TPOF Technical and Protective Operations Facilities (Canada) .PK), today announced the launch of its Life Settlement Securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. & Structured Finance Group. Tempo Financial is primarily focused on providing 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. for the premium finance, acquisition, and management of life insurance policies. The Company is organized into three principal business segments, including Premium Financial Services, Life Settlement Investments & Management, and Life Settlement Securitization & Structured Finance. Tempo Financial provides premium financing Premium Financing involves the lending of funds to a person or company to cover the cost of an insurance premium. Premium finance loans are often provided by third party finance entity known as a "Premium Financing Company"; however insurance companies and brokerages occasionally for life insurance policies, purchase of life insurance in the secondary market for investment and management, and arranges and structures bank financing and hypothecation HYPOTHECATION, civil law. This term is used principally in the civil law; it is defined to be a right which a creditor has over a thing belonging to another, and which consists in the power to cause it to be sold, in order to be paid his claim out of the proceeds. of Life Settlement portfolios for the Company and third parties. "Our strategy will change the face of how life settlement policies are monetized in the secondary market," said David Goddard, the co-founder 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 Tempo Financial. Tempo Financial has significant traction from clients with several hundred million of Life Settlement portfolios in force as it focuses on developing a dedicated securitization channel. Rowan Farber, the co-founder and President of Tempo Financial added, "We are excited about this developing market and the considerable opportunity this product can deliver. Current visibility and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. of this asset class rival that of other securitization markets in their infant phases. We anticipate that this will be one of the next robust secondary markets to materialize this decade, much like the mortgage-backed market did in the 1980's." The life settlement "market" is in its formative stages. The goal for market creation is to build a new asset class that captures investment-grade stability (A+ rated bonds) with considerable return to investors. Tempo Financial believes that as the population ages, the secondary life settlement market will grow significantly and provide further liquidity for sellers and an attractive risk adjusted rate of return for buyers of Life Settlement portfolios. The Company also believes that as more Life Settlement portfolios enter the secondary market, the capital markets will provide further liquidity and higher prices for established Life Settlement portfolios. Tempo is currently in discussions with several banks and financial institutions to provide credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities to warehouse the purchase of policies or loan money against the face value of Life Settlement portfolios. At this time, the major rating services are establishing criteria to rate new issues. Tempo Financial estimates that between several categories of life settlements at the present time, the market based on the aggregate face value amount, constitutes approximately $1.8 trillion. This number could increase as the population of 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. continues to age with a larger percentage of the nation's population being 65 years or older. Tempo Financial's website: http://www.tempofinancialinc.com 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. : The management of the company takes full responsibility for the contents of this News Release. The information contained herein should not be construed as a recommendation to purchase any securities Statements in this news release concerning the company's business outlook or future economic performance, anticipated profitability, revenues, expenses, or their financial items; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, regarding "forward-looking statements" as that term is defined under the Federal Securities Laws. There is no guarantee past performance will be indicative of future results. The accuracy or completeness of the information his news release is only as reliable as the sources they were obtained from investments in small cap companies are generally deemed to be highly speculative and to involve substantial risk, making it appropriate for readers to consult with professional investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and to make independent investigations before acting on information as any investment in small cap companies could prove to be high risk investments with the result of loss of part, or the total principal investment. Forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance. |
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