Dematco Inc. Announces Third Contract in Three Weeks
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Strong Order Growth Positions Subsidiary as a Solution Provider in the Dematerialization of Senior Life Settlement Units ENCINO, Calif.--(Business Wire)-- Dematco, Inc. (OTCBB:DMAT) announces wholly owned subsidiary Dematco, Ltd. has signed its third contract in three weeks with another European investment group. Dematco, Ltd. converts all manner of paper instruments into electronically transferable units. For this contract, the Company will dematerialize $50,000,000 in face value of Senior Life Settlement Units (SLSU). According to the terms of the contract, the Company is to receive an initial stage payment of $125,000 with $875,000 expected upon completion of the dematerialization for a total of $1 million. As before, the units will be traded through Private Trading Systems PLC (PlusMarkets:PTSP), a proprietary trading and clearing system. Robert Stevens, Chairman of Dematco, Inc. comments, "Strong order flow is successfully positioning Dematco as a solution provider in the SLSU market. Apparently, our dematerialization process is one of the best available. We anticipate more contracts in the third and fourth quarters." About Dematco, Inc. Dematco, Inc., through its subsidiary Dematco, Ltd., is engaged in the business of dematerializing or converting financial instruments from paper form to electronic form. The Company specializes in hitherto untraded or untradeable paper instruments allowing them be traded electronically on exchanges or exchange platforms on a peer to peer basis. www.dematco.co.uk This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect Dematco's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. For Dematco, Inc., Encino Emerson Gerard Associates Jerry Jennings, 561-881-7318 mediareply@emersongerard.com Copyright Business Wire 2008
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