Velocity Portfolio Group, Inc.  

(Public, OTCMKTS:VPGI)   Watch this stock  
Find more results for Velocity Investment Group Inc
0.450
0.000 (0.00%)
Aug 16 - Close
OTCMKTS data delayed by 15 mins - Disclaimer
Currency in USD
Range     -
52 week 0.45 - 1.00
Open     -
Vol / Avg. 0.00/120.00
Mkt cap 433,430.00
P/E     -
Div/yield     -
EPS -11.76
Shares 963,177.00
Beta 11.51
Inst. own 0%

Key stats and ratios

Q2 (Jun '09) 2008
Net profit margin -183.84% -9.72%
Operating margin -166.90% -9.49%
EBITD margin - 47.53%
Return on average assets -54.65% -2.87%
Return on average equity -142.70% -12.38%
Employees 10 -
CDP Score - -

Address

1800 State Route 34 Bldg 4 Ste 404A
WALL TOWNSHIP, NJ 07719-9147
United States - Map
+1-732-5569090 (Phone)
+1-302-6745266 (Fax)

Website links

Description

Velocity Portfolio Group, Inc., is a secondary market investment company. The Company is engaged in investing in consumer debt portfolios from originators as well as in the secondary market. The Company purchases consumer receivable portfolios at a discount and then liquidates these portfolios through legal collection means. The Company purchases consumer receivable portfolios that include charged-off credit card receivables, written off by originators and consumer installment loans. The Company also purchases consumer receivable portfolios from creditors and others through privately negotiated deals and auction which sells consumer receivable seeking bids from debt purchasers. The Company pursues new acquisitions of consumer receivable agencies, investors, financing sources and brokers who specialize in the sale. The Company is focuses in identifying, evaluating, pricing and acquiring distressed consumer receivable portfolios.

Officers and directors

John C. Kleinert President, Chief Executive Officer, Director
Age: 53
James J. Mastriani Chief Financial Officer, Chief Legal Officer, Treasurer, Secretary
Age: 42
W. Peter Ragan Jr. President of Velocity Investments, LLC
Age: 43
W Peter Ragan Sr. Vice President, Director
Age: 65
David Granatell Independent Director
Age: 55
Michael Kelly Independent Director
Age: 50
Steven Marcus Independent Director
Age: 53