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TOPIC: CLPI - Calpian, Inc.

7 years 2 months ago #1152

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Calpian, Inc. Completes Second Residual Purchase with Cooper and Schifrin, LLC.
DALLAS--(BUSINESS WIRE)--Calpian, Inc. (OTCBB:CLPI), a Dallas-based public company engaged in the electronic payment processing business, announced today the July 29, 2011, acquisition of additional merchant residuals from Cooper & Schifrin, LLC (C&S) In this second acquisition, Calpian (The Company,) acquired additional monthly revenues beginning in August 2011. In exchange for the residuals, the Company paid C&S $280,000.00 in cash and issued to C&S 12,308 shares of the Company’s Common Stock.

“The nice thing about working with Calpian is that they know the industry and they know how to structure deals to benefit both parties. It was amazing how quickly we were able to pull our agreement together – from start to finish the entire process took about 7-10 days.”
.Calpian’s Chief Executive Officer, Harold Montgomery, commented: “After working with Cooper & Schifrin since January, it is a testament to the success of the Calpian program to embark upon another working agreement together. We could not be more pleased to see our blend of cash and stock in exchange for merchant residuals be so well-received. Our partners realize the unique and long-term benefits we are able to offer them with our public company status by allowing them the opportunity to invest in something bigger than themselves.”

Kevin Schfrin, CEO of Cooper & Schfrin, added, “The nice thing about working with Calpian is that they know the industry and they know how to structure deals to benefit both parties. It was amazing how quickly we were able to pull our agreement together – from start to finish the entire process took about 7-10 days.”

Details of the residual purchase transaction are disclosed by Calpian in its Current Report on Form 8-K filed with the SEC on August 4, 2011, and is available at www.sec.gov.

http://www.businesswire.com/news/home/20111004005446/en/Calpian-Completes-Residual-Purchase-Cooper-Schifrin-LLC.
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CLPI - Calpian, Inc. 7 years 2 months ago #1151

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Calpian, Inc. Completes Acquisition of Additional Residuals from First Alliance Payment Processing, Inc.

DALLAS--(BUSINESS WIRE)--Calpian, Inc. (OTCBB: CLPI), a Dallas-based public company engaged in the electronic payments processing industry, announced today the August 1, 2011 closing of phase two of a residual acquisition from First Alliance Payment Processing, Inc. (FAPP,) the first phase of which was completed by the parties on January 7, 2011. In the second phase of this two-part acquisition, Calpian (The Company) acquired additional residuals from FAPP that will generate new recurring revenues to the Company in exchange for $140,000.00 in cash and 10,000 shares of the Company’s Common Stock.

Calpian’s Chief Executive Officer, Harold Montgomery, commented: “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.”

Details of the residual acquisitions by Calpian from FAPP are disclosed by Calpian in its Current Reports on Form 8-K filed with the SEC on January 12, 2011 and August 4, 2011, which are available at www.sec.gov.

About Calpian, Inc.

Calpian, Inc. (CLPI.OB) is a Dallas, Texas-based public company engaged in the electronic payment processing business. Acting as a link in the delivery chain, Calpian works as an intermediary between large processors and merchants to facilitate payment for goods and services at the retail point-of-sale. Calpian acquires its merchant customers from independent sales agents who sell processing services and equipment to merchants on a daily basis. Calpian is part of the community of an estimated 10,000 ISOs that serve approximately 2 million small merchants in the U.S. across all geographies and industries with an estimated $1 billion in annual residuals. Calpian's management team has over 60 years in combined experience in the merchant processing/ISO business. During the ten years that they have worked together as a team in the industry, they have been involved in the successful acquisition of hundreds of portfolios from ISOs and have underwritten hundreds more. In that time, the management team has developed substantial experience in the industry and proprietary underwriting and portfolio monitoring capabilities, which they now bring to Calpian. The Company was founded in 2010 and is headquartered in Dallas, Texas. Please visit our website at www.calpian.com.

http://www.businesswire.com/news/home/20110920005276/en/Calpian-Completes-Acquisition-Additional-Residuals-Alliance-Payment
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