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Slide #26. Asta Funding, Inc. — CBC Settlement Funding, LLC
Asta Funding, Inc. (ASFI)
CBC Settlement Funding, LLC
Asta Funding, Inc. (Nasdaq:ASFI) (the "Company" or "Asta"), a financial services receivable asset management and liquidation company, today announced the acquisition of an 80% ownership interest in CBC Settlement Funding, LLC ("CBC"), a structured settlement financing company whose primary office is located in Conshohocken, Pennsylvania. On December 31, 2013, the Company, through a subsidiary acquired 100% of the ownership of CBC and its affiliate, CBC Management Services, LLC, for approximately $5.9 million. At the closing, the operating principals of CBC, namely William J. Skyrm, Esq. and James Goodman, were issued a 20% interest in CBC (10% to Mr. Skyrm, and 10% to Mr. Goodman). William J. Skyrm, Esq. and James Goodman, have over 30 years combined experience in the structured settlement industry.
Asta Funding is engaged in several business segments in the financial services industry including servicing of personal injury claims, through its wholly owned subsidiaries Sylvave LLC, Simia Capital, LLC and Arthur Funding LLC, social security disability advocacy through its wholly owned subsidiaries GAR Disability Advocates, LLC and Five Star Veterans Disability, LLC, and the business of purchasing, managing for its own account and servicing distressed charged off consumer receivables, including charged off receivables, and semi-performing receivables. Co. operates principally in the following segments: consumer receivables, social security disability advocacy and personal injury claims.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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