Dematco, Inc. (Pink Sheets:DMAT), through its wholly owned subsidiary Dematco Group Corp., confirms completing the placement of $4,000,000 in Quantus Income Opportunities Corp. 8.5% 2020 Secured Fixed Income Notes (FIN's) at 100% (par value) with a leading Institution on behalf of Quantus. This is the first issuance and placing of secured instruments emanating from the Senior Life Settlement program designed by Dematco Group Corp. for Quantus Income Opportunities Corp.
Robert Stevens, Dematco, Inc. CEO states, “Backed by the Senior Life Settlement product Dematco designed for Quantus Income Opportunities, we have completed the first placement of its kind in Canada and Europe of these and other types of secured high yielding instruments. Working closely with Quantus, we see a strong demand for such notes. Actively negotiating with a number of leading Institutions and market makers globally, we are providing not only safe haven instruments but liquidity in the secondary market, hitherto unknown. Dematco and Quantus have successfully overcome the issues causing illiquidity that previously hampered the growth of this market. Carefully addressing the needs and fundamental changes required to provide liquidity, we are creating tailored instruments for the wider International market. During the first half of next year, we intend to capitalize on the demand for these notes that is expected to follow this leading order.”
About Dematco, Inc.
Dematco, Inc. 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 to be traded electronically on exchanges or exchange platforms on a peer to peer basis.
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company'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, and 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.