http://www.send2press.com/newswire/ Business, Entertainment and Technology News Sat, 11 Feb 2012 15:19:40 GMT http://neotrope.com 60 en-us 144 31 http://www.send2press.com/newswire/index.shtml http://www.send2press.com/XML/send2press-rss.gif http://www.send2press.com/newswire/2012-01-0130-001.shtml Mon, 30 Jan 2012 06:59:47 GMT Computing Business Altamonte Springs Florida Send2Press Newswire http://www.send2press.com/newswire/2012-01-0130-001.shtml CCMC, Inc. ALTAMONTE SPRINGS, Fla., Jan. 30, 2012 (SEND2PRESS NEWSWIRE) -- CCMC Inc., the financial industry's premier automated interface supplier, announced an agreement with MortgageFlex Systems, an innovative provider of mortgage lending software, to offer its BridgeWare line of interface products to complement the MortgageFlex loan origination system, LoanQuest.

Initially, BridgeWare interface solutions will provide an automated connection to all major loan servicing systems with future plans to act as middleware to other lending services. All BridgeWare interfaces are delivered with ongoing support for required updates and a comprehensive implementation process, to ensure the interface is configured to each client's unique business practices.

LoanQuest was designed using the most modern technology available and provides extensive user configuration flexibility as well as comprehensive tools for additional system tailoring. The robust technology platform puts lenders in complete control of their system functionality. The process efficiencies gained with the CCMC interface partnership include a reduction of human error and redundant data entries.

MortgageFlex chose to partner with CCMC due to their industry experience, strong customer support and the data agility the interface will provide to their customers. CCMC's BridgeWare acts a data conduit between LoanQuest and the designated application and is driven by lender designed business rules.

"We believe our new partnership with CCMC will give our customers a competitive edge with a single interface that can send and receive from multiple end point applications," said Craig Bechtle, MortgageFlex's Chief Operating Officer. "CCMC excels in this area of technology and has established industry leading interfaces. We look forward to offering our clients this innovative solution coupled with CCMC's unparalleled reputation," he concluded.

"Improving end to end loan management with dependable technology and user friendly processes is key to the success of financial institutions," explained Brad Willis, Vice President of Marketing and Sales Operations for CCMC. "We are excited about adding interface product offerings for MortgageFlex to our existing BridgeWare family of solutions."

About CCMC:
Founded in 1994, CCMC is the financial industry's leading independent provider of interface software designed to streamline the flow of information. CCMC's BridgeWare products connect loan origination systems to a full array of service providers including internet based systems, marketing systems, and all the major loan servicing systems. "We Build Interfaces!"

For more information, visit www.ccmcinc.com or call 407.788.7557.

About MortgageFlex Systems:
MortgageFlex Systems, Inc., Jacksonville, FL, founded in 1980, provides innovative loan origination and servicing software solutions to the lending industry. Developed entirely in Microsoft .NET, the LoanQuest product platform supports evolving business processes as well as government compliance requirements with business rules, intuitive workflow and an embedded product and pricing engine.

For information about products and services, please call 800-326-3539 or visit www.mortgageflex.com .

NEWS SOURCE: CCMC, Inc.
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2012 Neotrope® News Network - all rights reserved.

TAGS: CCMC, Inc., Banking and Finance, Send2Press. ]]> http://www.send2press.com/newswire/2012-01-0117-004.shtml Tue, 17 Jan 2012 08:57:51 GMT Awards and Honors Computing Tampa Florida Send2Press Newswire http://www.send2press.com/newswire/2012-01-0117-004.shtml Telovations Inc. TAMPA, Fla., Jan. 17, 2012 (SEND2PRESS NEWSWIRE) -- Telovations announced today that TMC, a global, integrated media company, has named Speech Assist as a recipient of the 2011 INTERNET TELEPHONY Product of the Year Award.

Telovations Speech Assist is a cloud-based speech solution that fundamentally changes the way business communicates. Proven highly accurate, Speech Assist lets callers simply say the name of the person they would like to speak with. Telovations Speech Assist delivers a superior caller experience leading to increased customer satisfaction and higher employee productivity.

"With the increasing number of mobile workers, the ability to reach the person you would like to speak with without having to type the name or extension on the key pad of your phone is a huge advantage," said Mark Swanson, Telovations CEO. "Being able to speak the name or extension decreases misdialed numbers and increases safety of callers who may be driving or walking while dialing."

Speech Assist can be used to connect customers with employees, departments, hours of operation and even product information, freeing key staff from repetitive low value tasks to focus on higher value functions. Based on Lyrix technology, Speech Assist ensures continuous speech recognition improvement over time through its built-in enhanced smart recognition capabilities.

"I am happy to grant Telovations with a Product of the Year Award. The editors of INTERNET TELEPHONY have verified that Speech Assist displays quality and innovation plus provides real needs in the marketplace," stated Rich Tehrani, CEO, TMC. "I would like to congratulate the entire team at Telovations for their commitment to advancing IP communication technologies."

2011 Product of the Year winners are published in the January/February 2012 issue of INTERNET TELEPHONY magazine, (www.itmag.com). INTERNET TELEPHONY has been the authority in IP communication since 1998(TM).

For more information about TMC, please visit www.tmcnet.com .

About Telovations:
Based in Tampa, FL, Telovations is a next-generation managed service provider pioneering the delivery of business communications in a Software-as-a-Service model referred to as "Communications-as-a-Service" or CaaS. CaaS from Telovations enables businesses to deploy communications devices and applications on a pay-as-you-go, as-needed basis thus eliminating the need for capital investment and ongoing overhead. Offering the latest communications technology coupled with a Quality of Service guarantee, Telovations provides businesses both flexibility and scalability that they might not otherwise afford. Telovations' services offer a compelling alternative to traditional telecommunication services. For additional information about Telovations' communication and collaboration solutions please visit www.telovations.com or call 1-877-934-6668.

About INTERNET TELEPHONY magazine:
INTERNET TELEPHONY has been the IP Communications Authority since 1998(TM). Beginning with the first issue in February of 1998, INTERNET TELEPHONY magazine has been providing unbiased views of the complicated converged communications space. INTERNET TELEPHONY offers rich content from solutions-focused editorial content to reviews on products and services from TMC Labs. INTERNET TELEPHONY magazine reaches more than 225,000 readers, including pass-along readers. For more information, please visit www.itmag.com .

About TMC:
TMC is a global, integrated media company that helps clients build communities in print, in person, and online. TMC publishes the Customer Interaction Solutions, INTERNET TELEPHONY, Next Gen Mobility and Cloud Computing (formerly InfoTECH Spotlight) magazines. TMCnet.com, which is read by two million unique visitors each month, is the leading source of news and articles for the communications and technology industries. TMC is the producer of ITEXPO, the world's leading B2B communications event. In addition, TMC runs multiple industry events: 4G Wireless Evolution; M2M Evolution; Cloud Communications Expo; SIP Tutorial 2.0:Bringing SIP to the Web; Business Video Expo; Regulatory 2.0 Workshop; DevCon5; HTML5 Summit; CVx; AstriCon; StartupCamp; MSPAlliance MSPWorld and more. Visit TMC Events for a complete listing and further information.

For more information about TMC, visit www.tmcnet.com .

NEWS SOURCE: Telovations Inc.
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2012 Neotrope® News Network - all rights reserved.

TAGS: Telovations Inc., Telecommunications and VoIP, Send2Press. ]]> http://www.send2press.com/newswire/2012-01-0116-003.shtml Mon, 16 Jan 2012 15:34:48 GMT Business Manufacturing Miami Florida Send2Press Newswire http://www.send2press.com/newswire/2012-01-0116-003.shtml Combine Motor Works, Inc.
What's in a name? Practically everything is in a products name. Sports Combines are very well known today, the word Combine is synonymous with words like Athletics, Speed, Performance and Agility, just to name a few. A Sports Combine is one of the most exciting events today connected with sports. There are now Combines in all sports, the main and most recognized Combine today is the annual NFL Combine which has a direct link to the NFL Draft. Whether it's a youth Combine, High School, College or Professional Combine, the main event is always the 40 yard dash. "The Combine 40" is a very familiar term and will give instant name recognition to the Combine 4.0 automobile.

According to Emory Williams, company President and CEO, "We were in talks with a foreign manufacturer and very close to a deal, but the group wasn't fully understanding the magnitude of what we had on the table. They were looking to manufacture a weak version of what we had presented to them, not realizing the full concept of Combines and the class of consumers the auto would attract by its name alone. Knowing this would not be the right union, we decided to walk away and continue the search."

Combine Motor Works has secured trademark rights to the name and is looking to have one of the finest automobiles in the world, nothing less. With the exposure of athletic Combines today, the "Combine 4.0" will have an immediate consumer following which will include athletes of all sports, professional and non-professional, die-hard sports fans, and the consumer who buys what's new just to make a statement.

Athletes work and train very hard preparing for their presence at the Combines, we are putting forth the same efforts to make the Combine 4.0 automobile one of the finest on the market today. "Great driving dynamics, good weight distribution and maneuverability are some of the areas we will pay close attention to, not to mention a roomy plush interior, comfort and style," added Williams.

Being available in two design classes, sports coupe and SUV, the Combine 4.0 will be tagged as the "True American Sports Car."

Says Williams "We will now continue making contacts with various manufacturers, looking for the right union. We know that once certain consumers see the Combine 4.0 on the car lot, they won't leave without it."

More information: www.combinemotorworks.com / www.combine40.com .

NEWS SOURCE: Combine Motor Works, Inc.
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2012 Neotrope® News Network - all rights reserved.

TAGS: Combine Motor Works, Inc., Auto and Motorsports, Send2Press. ]]> http://www.send2press.com/newswire/2012-01-0112-004.shtml Thu, 12 Jan 2012 14:33:34 GMT Events Entertainment Tavares Florida Send2Press Newswire http://www.send2press.com/newswire/2012-01-0112-004.shtml Sunnyland Antique Boat Festival TAVARES, Fla., Jan. 12, 2012 (SEND2PRESS NEWSWIRE) -- If you've always wanted a close-up view of a boat like James Bond's or an exciting ride in a seaplane, cruise over to the Sunnyland Antique Boat Festival on Lake Dora at Wooton Park in Tavares on March 23, 24, and 25, 2012. Those are just a couple of the highlights planned for the 25th anniversary of the largest antique and classic boat show on America's East Coast.

"The festival definitely will have multiple facets," said Terry Fiest, chairman for the 2012 event. "We'll have many different types of antique, vintage, and classic boats, including Glasspars similar to ones featured in James Bond movies and the actual boats used in the 1981 movie On Golden Pond, which starred Henry Fonda. We also are planning an 80-vendor flea market that will feature many nautical items."

In addition to hundreds of vessels on display in Wooten Park, the festival will offer boat and seaplane rides on Lake Dora. Ground transportation also will have a role during the three-day event with the Central Florida Woody Car Club on hand to showcase vintage automobiles. And rides aboard an old-fashioned steam train will delight the entire family.

"All modes of transportation will be represented this year," Fiest said. "We also plan to have a rail speedster on display, which is a small car that runs on railroad tracks."

The Sunnyland Chapter of the Antique and Classic Boat Society represents all of Florida and is the largest ACBS chapter with more than 640 members. The chapter 's annual festival is considered one of the best in the country, drawing as many as 10,000 visitors from all over the U.S. and Canada.

Several specialty boat clubs will be represented during the festival including Florida's Glasspar and Jersey Skiff clubs. Fiest said many members of the Classic Race Boat Association also plan to stay for the Sunnyland Antique Boat Festival after they complete a racing event on March 17-18 on Lake Dora.

Admission to the Sunnyland Antique Boat Festival is $5 per day or $10 for all three days. Free parking will be available at the Tavares City Garage at 200 N. Sinclair Ave. For more information, please visit the Sunnyland Chapter's web site at http://acbs-sunnyland.org .

Online registration forms for the festival are now available.

NEWS SOURCE: Sunnyland Antique Boat Festival
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2012 Neotrope® News Network - all rights reserved.

TAGS: Sunnyland Antique Boat Festival, Boating, Marine and Maritime, Send2Press. ]]> http://www.send2press.com/newswire/2012-01-0105-003.shtml Thu, 05 Jan 2012 13:35:23 GMT Finance Opinion Hollywood Florida Send2Press Newswire http://www.send2press.com/newswire/2012-01-0105-003.shtml Smith McKenna, LLC HOLLYWOOD, Fla., Jan. 5, 2012 (SEND2PRESS NEWSWIRE) -- Smith McKenna, LLC announced this week that 2012 is the time to invest in silver. Stephen M. Smith, managing member Smith McKenna, has 20 plus years of experience in commodity-market analysis and advises that silver will emerge as king.

"It's the only place to be," says Smith. "Silver will dominate the commodity market in 2012."

Smith strongly believes that political and economic changes have a dynamic impact on prices and in this time of global economic advancements there will be a mega shift in the metal market. Silver will dictate market direction.

"As the global manufacturing machine gets into high gear it will sift through silver inventories at a rate never seen before," adds Smith.

According to the Silver Institute, silver is indispensable. From industrial use to its role in decoration, technology, photography and medicine, its unique properties of strength, malleability, reflectivity and conductivity make it an irreplaceable force in the global market.

Smith adds that it is advisable to diversify risk by investing in precious metals and Smith McKenna offers some of the lowest spreads in the commodities investing market.

Smith is scheduled to appear on Global Talk Radio, the world news and talk superstation, where he will address issues such as the explosion in the demand for metals; investing in metals in 2012; China's economic growth explosion; and more.

About Smith McKenna, LLC:
Smith McKenna is a broker/dealer of gold, silver, platinum, palladium and copper bullion. It provides market analysis and commodities investing advice in the area of precious metals. Client advice is based on research, current events, and technical and market psychology trends.

For more information, visit: www.Smithmckenna.com .

NEWS SOURCE: Smith McKenna, LLC
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2012 Neotrope® News Network - all rights reserved.

TAGS: Smith McKenna, LLC, Mining and Metals, Send2Press. ]]> http://www.send2press.com/newswire/2011-12-1219-002.shtml Mon, 19 Dec 2011 14:06:56 GMT Finance Politics Orlando Florida Send2Press Newswire http://www.send2press.com/newswire/2011-12-1219-002.shtml ThePeoplesVote.com ORLANDO, Fla., Dec. 19, 2011 (SEND2PRESS NEWSWIRE) -- ThePeoplesVote.com is pleased to announce that George Jensen, Jr., current President and CEO of Jensen Expansion Capital, Inc. has joined their Board of Directors. Mr. Jensen will be advising the company on strategic planning and long term expansion, and will also be investing in the company.

"It is both an honor and a privilege to serve on the board of directors of the ThePeoplesVote.com. In light of the tumultuous political climate, the timing of their entrance to the market could not be better. I firmly believe our Founders would be proud of what ThePeoplesVote.com has set out to accomplish: to provide a platform that accurately reflects the true will of the American people. Chuck Kirkpatrick and his talented team have a far-reaching vision, and I am proud to bring my breadth of entrepreneurial experience and focus to the team. As FaceBook and Twitter has forever changed the world of social networking, I believe ThePeoplesVote.com will have the same effect on American politics," states Mr. Jensen.

Jensen Expansion Capital, Inc. offers strategic advice and assistance for emerging growth companies in the areas of expansion capital and the securing of high profile, professional board members. George Jensen, the founder and CEO, is an experienced CEO and successful entrepreneur raising in excess of $250 million dollars during his career. He is the former Founder, Chairman & CEO of USA Technologies (NASDAQ:USAT) which became the leader in providing wireless payment solutions for the self-serve market

"As an emerging company, we are very excited to have Mr. Jensen on our Board. He brings a wealth of experience and strategic contacts to the table, and he also shares our aggressive long term vision," states ThePeoplesVote Founder and President, Chuck Kirkpatrick.

ThePeoplesVote.com provides an internet based, "ballot enabled" social utility that removes the uncertainty as to how citizens expect their elected officials to represent them on important public policy decisions. Designed to handle tens of millions of users, this System replaces the "catch all" methods of phone, fax, email, letters, website comment forms, tweets, and FaceBook posts with one high security communication tool.

This non partisan platform is based on the 100 year old Initiative and Referendum Process and will help citizens understand the issues, and communicate more effectively with their elected officials.

The Peoples Vote will provide a free membership option and has an estimated market of 279 million registered and eligible to vote citizens, including a youth program for ages 13 and up, and 35 million businesses. Their Corporate Headquarters will be located in Brevard County in the city of Palm Bay, Florida.

More information can be obtained at http://www.linkedin.com/pub/george-r-jensen-jr/3/1a8/627
and http://www.ThePeoplesVote.com .

NEWS SOURCE: ThePeoplesVote.com
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: ThePeoplesVote.com, Business and Social Networking, Send2Press. ]]> http://www.send2press.com/newswire/2011-12-1208-002.shtml Thu, 08 Dec 2011 14:48:00 GMT Finance Internet Coral Springs Florida Send2Press Newswire http://www.send2press.com/newswire/2011-12-1208-002.shtml BusinessCashAdvance CORAL SPRINGS, Fla., Dec. 8, 2011 (SEND2PRESS NEWSWIRE) -- With the expectation of small business loan financing to remain bleak into the upcoming holiday season, merchants and small business owners will be seeking out alternative means of working capital for the Christmas rush, expected to result in an increased demand for merchant cash advances from financing sources like BusinessCashAdvance.com.

A gap in the credit market has made financing for many small business owners a challenge. Accessing credit for payroll, inventory, taxes, and other necessary expenses is absolutely vital to many of the small businesses looking to capitalize on the increased consumer spending during the holiday season.

Expected seasonal shopping trends create an even more urgent need for fast short term working capital.

"Merchants expand store hours, stock more products, and increase their marketing budgets for the holiday season. Traditional forms of business financing, loans and lines of credit are not readily available. Our merchant cash advance program provides a solution," Explained Larry Yazen, merchant cash advance financing specialist.

The merchant cash advance program offers small business owners the ability to apply and get business funding up to $500,000 in a very short time. The cash advance program is not a loan. Financing is based on future sales making the cash advance program perfect for businesses that are counting on increased seasonal spending in their stores. Unlike small business loans, even high risk businesses and businesses with poor credit can obtain funds.

BusinessCashAdvance.com has prepared its business for this seasons expected increase in merchant financing requests and is dedicated to providing business owners with a viable alternative to small business loans.

About BusinessCashAdvance:
Founded by financial professionals, Business Cash Advance provides cash advances for small business. For more information or to apply visit http://www.businesscashadvance.com or call 866-411-0606.

NEWS SOURCE: BusinessCashAdvance
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: BusinessCashAdvance, Banking and Finance, Send2Press. ]]> http://www.send2press.com/newswire/2011-12-1207-003.shtml Wed, 07 Dec 2011 16:56:00 GMT Automotive Transportation Fort Lauderdale Florida Send2Press Newswire http://www.send2press.com/newswire/2011-12-1207-003.shtml Allstar Coaches FORT LAUDERDALE, Fla., Dec. 7, 2011 (SEND2PRESS NEWSWIRE) -- Airfares have been steadily on the rise and weary travelers are searching for alternative means of travel as holiday season approaches. Rob Tischler, CEO of Allstar Coaches said "When considering the cost of airfare, hotels, and meals out, it's no wonder that people are turning to RV rentals. The savings are substantial, even when you incorporate fuel costs. A family of four can literally save thousands over traditional air-hotel itineraries." With such a dramatic rise, the search for alternatives is at a fever pitch. People are better looking at trains, buses and recreational vehicles.

Lynn Thompson, an RN out of Fort Lauderdale found that "renting a motorhome is a cost effective, more comfortable and less stressful alternative to traveling by plane." Travelers also appear to be getting very frustrated with the invasive searches, missed connections and outrageous fees when flying. "The last time I flew," said Thompson, "I had to pay $20 extra per seat so my family could sit together, then they lost my luggage for which I had to pay extra as well, and my 86 year old grandmother was singled out and publicly humiliated when an overzealous security agent became suspicious of her colostomy bag. Another time, our flight was delayed and we just sat on the tarmac for hours." Thompson also noted that she was able to save almost $2,000 by preparing their own meals in her RV, eliminating the expensive hotels and restaurants.

Industry insiders believe that the increased demand in RV travel can be attributed to an educated consumer base that is tiring of the rampant nickel and diming and stress associated with air travel. According to farecompare.com CEO Rick Seaney, "The average fare for holiday flights is up as much as 20 percent over last year." People are beginning to realize that there are other choices and they want to maximize their travel experience.

Allstar Coaches operates their fleet of luxury motorhome rentals from strategically located depots in nine states. With full kitchens, luxurious cabins and modern technology, these vehicles are equipped to exceed the expectations of even the most discerning traveler.

"Folks are starting to figure out what many motorhome enthusiasts have known for years; that the benefits of motorhome travel far outweigh the costs," says Von Isanogle, Fleet Operations manager at Allstar, "and that is contributing to increased sales. Record breaking airfares and those crazy fees are only helping to take them off the skyways and put them onto the highways."

For further information about RV and motorhome rentals in Florida contact Allstar Coaches at (866) 838-4465. More information online: www.allstarcoaches.com .

NEWS SOURCE: Allstar Coaches
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: Allstar Coaches, Travel and Tourism, Send2Press. ]]> http://www.send2press.com/newswire/2011-12-1207-001.shtml Wed, 07 Dec 2011 05:59:19 GMT Internet Real Estate Miami Florida Send2Press Newswire http://www.send2press.com/newswire/2011-12-1207-001.shtml Foreclosure Deals MIAMI, Fla., Dec. 7, 2011 (SEND2PRESS NEWSWIRE) -- Foreclosure Deals, a leading provider of foreclosure listings, news and information, has released new research on home prices and rent values across the nation. Drawn on data collected from regional and local real estate markets, the numbers demonstrate the relationship between the average cost of rent and the average cost of a home purchase in each state, which can help homebuyers choose the best markets in which to invest.

"Foreclosures have had a huge impact on home values," remarked John Evan Miller, a real estate analyst with Foreclosure Deals. "In almost every market, prices are well below their 2008 values, simply because there are so many homes available."

Foreclosure Deals presents the new data compared with values recorded in 2008 using an infographic available on their web site, and the impact of the foreclosure wave is clear. In many areas, home prices are extremely low, while rent prices are notably higher.

"Rents are up, and they're going to stay up," said Miller. "Even though it's the best market for homebuyers we've seen in over a decade, the recession made a lot of people reconsider spending at the time, so they rented. This drove up demand, and prices, for rental properties."

Despite the sluggish economy, Miller points out that this is the perfect market for real estate investment. He adds that mortgage interest rates are also at historic lows, creating other opportunities for value investing.

"Not only do you have rock bottom prices, you've got a terrific market to rent out your property while you wait for prices to rise. And they will rise. Home values will come back, but the days of 3.5 percent and 4 percent mortgages aren't going to be around forever. Once home values rise, those interest rates will rise too."

Experts currently predict average rental costs to be 4.5 percent higher than by the end of 2011 than their value last year, and up another 3 percent in 2012. In contrast, foreclosure homes currently offer savings of anywhere from 10 percent to 50 percent off market value. As buyers who put off buying a home during the recession look to start buying again once the economy improves, it will create the opportunity for big profits for foreclosure investors.

"In a great many cases, you're going to end up paying less on a monthly mortgage payment if you buy a home than you would in rent on the same property," said Miller. "Could there be a better reason to buy than that?"

View large version of research infographic image at:
http://www.foreclosuredeals.com/wp/2011-rent-vs-buy-infographic-choose-the-best-real-estate-investment/ .

NEWS SOURCE: Foreclosure Deals
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: Foreclosure Deals, Reports and Studies, Send2Press. ]]> http://www.send2press.com/newswire/2011-12-1206-005.shtml Tue, 06 Dec 2011 09:59:00 GMT Business Real Estate Vero Beach Florida Pink:CTON Send2Press Newswire http://www.send2press.com/newswire/2011-12-1206-005.shtml Second Street Capital, Inc. VERO BEACH, Fla., Dec. 6, 2011 (SEND2PRESS NEWSWIRE) -- Second Street Capital, Inc. (SSCI), a publicly traded company, that suffered through the housing and credit crises beginning in 2007, has recently begun the process of recapitalizing and will soon begin operating as a specialty finance company, providing working capital to small and medium size local businesses and entrepreneurs. SSCI is headquartered in Ft. Lauderdale; however, Jack Rodgers, Maria Caldarone, and Laura Camisa all members of the management team will operate from a Vero Beach office.

SSCI is a value oriented lender focused specifically on small to medium sized companies and projects. SSCI helps to facilitate the flow of capital to community based companies in order to support job growth, share prosperity and increase the local tax base.

Jack Rodgers, Executive Vice President, stated today, "We want to promote old fashioned, value oriented investment policies by backing well managed local companies; places where we can eat, shop, watch our investments grow and contribute to the local economy." SSCI will specialize in making revenue participation loans and preferred equity investments from $500 thousand to $10 million for real estate, small business and global trade finance operations.

"We look forward to both, contributing to the local economy directly by operating our company and indirectly, as the result of capitalizing on strong local companies," said Maria Caldarone, also an Executive Vice President with SSCI.

Second Street Capital, Inc. (secondstreetcap.com), formerly known as Calton, Inc. ("Calton") (CTON.PK / Pink:CTON), announced on November 18, 2011 that it had raised capital in a private placement of common stock. Additionally, SSCI announced that:

* Calton's corporate name has been changed to Second Street Capital, Inc.

* A new Board of Directors and management team has been appointed.

* SSCI's primary business focus will be to operate as a specialty finance company providing asset based lending to small businesses, export trading companies and small and medium sized homebuilders and developers.

SSCI's new Chairman and Chief Executive Officer, Kyle E. Meyer, acquired shares of Calton's outstanding Common Stock pursuant to the private placement. Anthony J. Caldarone, who served as Calton's President and Chief Executive Officer until the completion of the private placement, also purchased shares of Common Stock in the transaction.

SSCI's Board of Directors now consists of Mr. Meyer, Mr. Caldarone, George Henderson and Maria F. Caldarone, who has served as an Executive Vice President of Calton since September 2002 and will continue serving in that capacity. Other members of the management team include Thomas Lunak, who will serve as President and Chief Operating Officer, Jack Rodgers and John Bock, who will serve as Executive Vice Presidents, and Laura Camisa, who has been appointed Chief Financial Officer. Ms. Camisa previously served as Calton's Chief Financial Officer from April 2004 through September 2007.

Certain information included in this press release may contain forward looking information that is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from expected results. Among these risks, trends and uncertainties are SSCI's ability to raise capital, risks associated with SSCI's new business plan, national and local economic conditions, including conditions in the homebuilding and construction industry, conditions and trends in the real estate industry in general, changes in interest rates and other factors.

NEWS SOURCE: Second Street Capital, Inc.
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: Second Street Capital, Inc., Banking and Finance, Send2Press. ]]>