Velocity Asset Management Notches Strong Year, Looks to Grow

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Velocity Asset Management Notches Strong Year, Looks to Grow
Velocity Asset Management, Inc., a purchaser and collector of consumer debt, reported broad gains Tuesday for the year and quarter ended Dec. 31, 2007. Wall, N.J.-based Velocity (AMEX: JVI) reported net income for the year of $2.6 million, a 95 percent increase 2006. Revenues for the year were up 49 percent to $15.3 million. The net income figure is the total that is attributable t
 
Topic: Debt Purchasing