Business Services Industry
Security Asset Capital Corp. makes announcement
Business Wire, April 3, 1997
SAN DIEGO--(BUSINESS WIRE)--April 3, 1997--Security Asset Capital Corp. (NASDAQ Electronic Bulletin Board:SCYA) has purchased a $5 million portfolio of California Master Charge and Visa credit card loans.
The company is also in negotiations to purchase on a "flow forward" contract up to $200 million of consumer loans from a large credit union. The projected date for entering into this contract is on or before April 29, 1997.
CONTACT: Security Asset Capital Corp., San Diego
Darrell Musick, 619/232-0010
COPYRIGHT 1997 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
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