PassTime develops partnership with Access Capital Investment Group
March 8, 2011
Denver, CO March 1, 2011 – PassTime USA, an industry leader in GPS Tracking and Payment Assurance Technology announced today that they have entered into a strategic partnership with Access Capital Investment Group (ACIG), a firm that is providing liquidity solutions by means of Bulk Acquisition and Payment Stream financing programs.
“Combining the products and services of PassTime USA with the liquidity solutions of Access CapitalInvestment Group creates a very strong offering to the subprime automotive finance market,” stated Frank Jacobsen, president and chief operating officer of PassTime. “We look forward to a long and successful partnership with Access Capital Investment Group.”
"We recognize PassTime to be the leading GPS and Payment Assurance solutions provider in the industry. The strategic partnership between ACIG and PassTime has been crafted to further enhance the efficiency of our portfolio acquisition and collection process. Further, we are able to assist our mutual clients with the replacement cost of the PassTime devices being transferred to ACIG," says Jeff Hutcheson, managing partner of ACIG.
About PassTime™ USA
Headquartered in Littleton, Colorado, PassTime supports and enhances the specialized finance industry through an entire family of GPS and Payment Assurance solutions. Founded in 1992, PassTime invented the industry's first starter interrupt device in 1997. The PassTime family of products improves customer payment performance and reduces default and repossession risks. PassTime is proud to offer GPS, wireless and code-based products and services designed to fit the needs of all customers.
About Access Capital Investment Group
Access Capital Investment Group's (ACIG), located in Denver, CO has been providing liquidity solutions for auto lenders since 2001. From its inception, ACIG has structured over $2 billion in automobile portfolio transactions among our hundreds of clients throughout the country. Due to the unique nature of ACIG's financing platform, the company has the flexibility to price and purchase all accounts in a loan holder's portfolio, regardless of payment frequency, delinquency status, bankrupt or the loan is charged off. ACIG provides liquidity to credit unions, banks, independent finance companies, dealerships and their related finance companies.
CONTACT:
Corinne Schwarz – Kirkendall
National / International Account Director
PassTime USA
303.962.4102.
cschwarz@passtimeusa.com
www.passtimeusa.com
Ken Terkel
Director of Business Development
Access Capital Investment Group
720.961.4074
kterkel@acinvest.com
www.acinvest.com