Mango Capital (OTCBB: MCAP), the Somers, NY company formerly known as MangoSoft, announced on March 1 that it intends to to develop products and services in consumer card and payments markets through its re-branded subsidiary now known as Aspyre Settlement Funding.
The press release says in part:
Dennis M. Goett, Mango's Chairman & CEO, stated, "Aspyre gives us a beachhead from which to provide settlement funding and cash services to consumers. We have enhanced our capabilities with the addition of Houston Winn to drive our creative and marketing efforts. The need is growing every day in this recessionary environment. We see a growing number of Americans are ineligible for standard bank services. Check cashing services are expensive, leave consumers exposed with too much cash on hand, provide no security for their money and do not provide payment solutions for retail outlets and the Internet. There is a real need for fairly priced services with a high level of customer care to help these consumers fully participate in our economy."
The Marketwire press release is located here.
Our January post about the company is Somers Company Acquires Structured Settlement Firm
LINKS
http://www.marketwire.com/press-release/Mango-Capital-Launches-Aspyre-Settlement-Funding-1403770.htm
http://somersspectator.blogspot.com/2011/01/somers-company-acquires-structured.html
Great post! I was online reading articles about settlement funding when I came across your blog. Thank you for sharing this with us!
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