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Peachtree Settlement Funding Announces Major Milestone - Peachtree Settlement Funding announces another major milestone as it passes the two billion dollar mark in committed financing
Peachtree Settlement Funding Announces Major Milestone

 

PRZOOM - /newswire/ - Boca Raton, FL, United States, 2006/01/03 - Peachtree Settlement Funding announces another major milestone as it passes the two billion dollar mark in committed financing.

   
 
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Peachtree Settlement Funding is proud to announce it has exceeded the two billion dollar mark in committed financing. This accomplishment further substantiates Peachtree’s continued growth and strong financial support from the capital markets.

Founded in 1996, Peachtree Settlement Funding is a leader in the specialty factoring industry. Peachtree acquires a wide-range of financial assets such as Structured Legal Settlements, Lottery Receivables, Life Settlements, Tobacco Funding and other types of deferred payment obligations.

This latest development is the result of a new $225 million Life Settlement credit facility. Peachtree Life Settlements, a division of Peachtree Settlement Funding, is a leader in the Life Settlement industry. Peachtree Life Settlements purchases life insurance policies from individuals, typically over the age of 65, who may no longer want or need their policies or are unable to afford their policy.

Last year Peachtree passed the one billion dollar mark in committed financing. That milestone took seven years. Now, a mere seven months later, Peachtree has passed the two billion dollar mark.

Peachtree’s Chief Executive Officer, James Terlizzi, commented, “I’m extremely proud of our achievements and our continued growth. Our dedication and hard work made reaching this second milestone possible”. Mr. Terlizzi further stated, “In the coming months Peachtree plans to introduce several new initiatives as we continue to reach untapped financial assets.”

In early 2006 Peachtree is planning to move its Boca Raton offices to a newly designed 50,000 square foot facility in Boynton Beach, Florida.

About Peachtree Settlement Funding

Peachtree Settlement Funding (settlementfunding.com) is a specialty factoring company, which allows recipients of future cash flows to obtain an immediate lump sum in exchange for all, or a portion of, those future sums. Peachtree is the nation’s leading specialty factoring company and caters to people seeking to sell structured legal settlements, annuity payments, lottery prize payments, sweepstakes awards and life insurance policies. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over $2 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on under-served markets.

 
 
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Agency / Source: Peachtree Settlement Funding

 
 

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Peachtree Settlement Funding Announces Major Milestone

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Contact: Gregory Meyer - SettlementFunding.com 
561-962-3232 GMeyer[.]lumpcum.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Peachtree Settlement Funding securities in any jurisdiction including any other companies listed or named in this release.

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