For Immediate Release
SCHAUMBURG, IL, October 9, 2015—Newpoint Advisors Corporation has released its third-quarter 2015 growth results. The addition of two new employees brings the total employed to 15. The company has saved an additional $13MM in senior capital and 66 jobs this quarter, contributing to a total $128MM in debt recovered and 2,299 jobs saved since corporate inception.
“I’m proud of the contributions our team is making to the U.S. economy and small to lower middle-market businesses, “ says Newpoint President, Ken Yager. “Our TAMETM methodology continues to prove it’s possible to save jobs and assist senior lenders with debt recovery all for an affordable fixed fee. We anticipate continued expansion as C&I loans now exceed their 2007 peak and we are observing issues within commodity-driven industries like fuel, farm equipment, Chinese facing industries and healthcare.”
In addition to the above growth, Newpoint closed five engagements in third-quarter 2015.
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