Tuesday, January 4, 2011

Somers Company Acquires Structured Settlement Firm

MangoSoft, Inc.(MGOF:OTC BB) a company based in Somers, NY and led by Dennis Goett recently announced the acquisition of Structured Settlement Investments, L.P., a Delaware limited partnership that originates, purchases and resells structured settlements from beneficiaries of insurance, litigation and lottery awards.


In January 2010, Mangosoft moved its chief executive offices to Somers, NY, added Goett to the Board of Directors, and discontinued its business of developing and supporting internet business software. Its current business strategy is enter into business partnerships in which its “intellectual property will provide opportunity for profitability.”


The December 27 Marketwire press release MangoSoft Acquires Structured Settlement Firm is located here.


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