To Provide Short Term Capital Purchase Assistance across the Diversified Financial Market Sectors
SCOTTSDALE, AZ / ACCESSWIRE / December 1, 2015 / Reve Technologies, Inc. (OTCPK: BSSP) (the "Company" or "Reve") is pleased to announce initiation, and set up, for its proposed new Capital Purchase Division to assist small and large firms alike in need of smaller capital infusion to stay the road ahead.
Typical Capital Purchase transactions or Capital Purchase Agreements ("CPA") are made to both public and private companies where the money is used to purchase future revenue or cash flows such as their accounts receivables and/or their debt or equity investment capital raises. Management intends to create a diversified portfolio consisting of Capital Purchase Agreements across various and diversified financial sectors. The goal of the CPA is to establish a rate of return typically within 30 days.
To accomplish the task and to accelerate progress for the new Capital Purchase division, Reve is assembling a team of professional advisors to supervise and provide growth. Mr. Bobby Cohen, who has been credited as being a pioneer, and progenitor, in creating this financial instrument, called the Capital Purchase Agreement, "CPA", now holds the title of Chief Capital Purchase Architect. Mr. Cohen's responsibilities are to spearhead the division, hire and manage personnel, and drive its business plan.
Mr. Dennis Alexander, CEO of Reve Technologies, Inc., stated, "Bobby Cohen has achieved a proven track-record over the years in managing and building many firms in the financial services sector. He has spearheaded a multibillion dollar divestiture, and as a result we believe Mr. Cohen will be a tremendous asset to initiate the full scale implementation and tiered development for the new Reve Capital Purchase Division."
Mr. Bobby Cohen, Chief Capital Purchase Architect for the new division stated, "I am cautiously optimistic to build this new Capital Purchase Division, now and in the future, for Reve and look forward to fill the tremendous void needed in the market place for short term capital provisions, especially when there are limited resources available." Mr. Cohen further stated, "This Capital Purchase instrument will be useful, in particular for the small business or public entity, in need of capital, with a short term challenge and where the business lifeline and or strategic endeavors depend on capital. We look forward to building a multimillion dollar arm for Reve."
Mr. Cohen has been involved in the financial service industry for over thirty years. He was the Founder and President of Robert M. Cohen and Co. Inc., a full service brokerage firm specializing in investment banking, research and market making with offices in Great Neck, NY and Greenwich, CT. Additionally, Mr. Cohen spent years in the hedge fund industry; holding titles as managing director and chief of staff. Mr. Cohen graduated Cum Laude with a BA in Economics from SUNY Albany.
The Company, through its new Capital Purchase Division, looks to provide a Diversified Portfolio to be built to protect against specific component risk. With a limited dollar amount exposure of approximately $10,000 per portfolio position, the Capital Purchase Division's expectation is to protect against collection risk. The overall Portfolio construction of non-concentrated sectors is designed and intended to mitigate sector risk. Portfolio returns are to be made outside public markets, so that risk attributed to overall market risk is lower than other strategies. Portfolio construction is based on overall economic risk assessment, and portfolio companies will sign a default judgment or confession of judgment as part of the capital purchase process, which lowers litigation risk.
Reve is looking ahead to launch its new Capital Purchase division in the first quarter of 2016 upon completion of its planned strategic funding for the division.
About Reve Technologies, Inc.
The Company was incorporated on May 11, 2010 (Date of Inception) under the laws of the State of Nevada, as Bassline Productions, Inc. On March 21, 2014 the Company amended its articles of incorporation and changed its name to Reve Technologies, Inc. and is in the business of developing and marketing emerging hardware, and mobile and web applications. The Company has embarked on establishing a new Capital Purchase Division to provide short term capital purchase agreements to fill a need across the diversified financial market sectors.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Reve Technologies, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Reve Technologies, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Reve Technologies, Inc.'s filings with the Securities and Exchange Commission.
Public Relations and Shareholder Information
Name: Dennis R Alexander
Phone: (602) 326-7371
Email: Reve@energyproducersinc.net
SOURCE: Reve Technologies, Inc.
