Located in Dallas, Texas, Calpian, Inc. has quickly established a reputation as an up-and-coming electronic payment process business. Today, the company took a major step towards prominence with the announcement they have received additional residuals from First Alliance Payment Processing, Inc.
This was phase two of a residual acquisition from First Alliance Payment Processing, Inc. (FAPP); the first phase of which was completed by the parties earlier this year in January. In the second phase of this two-part acquisition, Calpian acquired additional residues from FAPP that will generate new recurring revenues to the company in exchange for $140,000 in cash and 10,000 shares of stock.
Leading the way at Calpian is Harold Montgomery whom serves as the company’s CEO. In reference to this announcement, Montgomery stated, “The completion of a second residual portfolio acquisition from FAPP deepens our relationship, which has been very positive for both organizations. By providing FAPP both working capital and stock in our company, we are equally vested for success in our endeavor and believe we are building real value for the futures of both our companies.”
Calpian has released details of the residual acquisitions in reports filed with the SEC. The filings are available at www.sec.gov.
Currently, Calpian is trading in the $3.25 range. To learn more about Calpian as a whole, visit their website at: www.calpian.com
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