Bell Buckle Holdings, Inc. Updates Shareholders and Enters
Naples, Florida, Feb. 17 12, 2022 (GLOBE NEWSWIRE) — Bell Buckle Holdings Inc. (OTC Pink: BLLB) (“The Company”) is pleased to update shareholders on our progress in 2022 and continues to execute on our long-term business plan. term.
First: The company said in the 2020 year-end OTC disclosure that Bell Buckle Holdings had signed an agreement to acquire nearly $20 million in debt assets. Assets currently being evaluated include Merchant Cash Advance Loans, Personal Loans, Private Student Loans, Home Loans and other income-generating portfolios.
The Company will partner with proven law firms, consultants and debt collection agencies to turn these outstanding obligations into cash. The US debt market is currently made up of $15 trillion of various types of debt
“We will be able to purchase larger debt portfolios at deep discounts within our agreements – 5 to 10 cents on the dollar. We anticipate that we will be able to help small businesses and consumers in our economy to settle their obligations at a lower cost while achieving a return for the company’s shareholders,” commented Kim Halvorson, Chief Executive Officer, Bell Buckle Holdings Inc.
Second: The Company is in discussions with two companies with a view to a possible merger or acquisition. One is an online software company that provides law firms, debt buyers, collection agencies and other small businesses with industry-leading platforms and technology to manage their operations. The other is an artificial intelligence service.
“We believe the multi-billion dollar debt resolution industry is ready to move forward and transition to the latest artificial intelligence and case management tools and that Bell Buckle will be at the forefront of this. transition”, further commented Kim Halvorson, general manager. Officer of Bell Buckle, Inc.
The third: Bell Buckle, CEO Kim Halvorson, and Board Members Don Zeppenfeld and Robert Clegg have the experience, expertise and knowledge to help scale and grow these two companies exponentially if a union successful can be achieved.
The Company will provide more information on all of the above as significant events occur and will notify shareholders in accordance with OTC Markets best practices and guidelines.
ABOUT THE BELL LOOP BRACKETS:
Bell Buckle Holdings is engaged in the purchase of outstanding consumer loans and debt instruments. Bell Buckle Holdings seeks market and off-market assets for acquisition, resolution and liquidation in the multi-trillion dollar US market. We use strategic partners including law firms, collection agencies and consulting firms to maximize return on investment and increase company assets.
This press release contains forward-looking statements which can be identified by words such as “believes”, “expects”, “potential”, “plans”, “suggests”, “may”, “should”, “could”. “, “intends to”, or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from future results. understood by these statements. These factors include, but are not limited to, our ability to continue to improve our products and systems to address industry changes, our ability to expand our customer base and retain existing customers , our ability to compete effectively in our market segment, lack of public information about our company, our ability to raise sufficient capital to fund our business, operations, inability to continue our operations and a limited public market for our common stock, among other risks. Many factors are difficult to accurately predict and are generally beyond the company’s control. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made.
/S/ Ms K Halvorson
FOR MORE INFORMATION PLEASE CONTACT:
PR CONTACT: Kim Halvorson
5660 Strand Court: Unit #107
Naples, Florida 34110
E-mail: [email protected]