Peachtree Settlement Funding
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Peachtree Settlement Funding Reports Better Than Anticipated First Quarter Performance
BOCA RATON, Fl., APRIL 11, 2006. -- Peachtree Settlement Funding, a national specialty factoring company, today announced a 34% increase in originations in its Structured Settlement division for the first quarter of 2005 compared to the first quarter of 2004.
The Structured Settlement department also successfully closed and funded 41% more transactions over the same period.
Chief Operating Officer Antony Mitchell commented, "We are proud of the rapid and significant growth of the Structured Settlement division, which is attributable to the efforts of our employees and continuing successful business development programs. We have experienced tremendous improvement in net profits over the last few years by remaining focused on our core business and committed to servicing our customer base."
Deborah Benaim, Director of the Structured Settlements Division, said, "I'm extremely proud of our first quarter results, a 41% increase in funded transactions coupled with the recent one hundred million dollar securitization."Last month Peachtree concluded a one hundred million dollar securitization of structured settlement payments. The issue's senior tranche was rated "AAA" by Standard & Poors and is the second securitization of structured settlement payments in a little over a year by Peachtree.
About Peachtree
Peachtree Settlement Funding 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. For further information you may contact our Public Relations Manager, Greg Meyer, at 866-274-6534 or by e-mail at Gmeyer@lumpsum.com. Our website address is http://www.settlementfunding.com.
