CybeRelease: (OTC: GSIEF) Near Securing Contracts Worth 273 Million Dollars
(CybeRelease, April 11, 2006) - Lake Harmony, PA - GSI Securitization Ltd. (Pink Sheets: GSIEF) announced today that their subsidiary, GSI Securitization, Inc., are in the process of securing four major healthcare industry contracts with a total potential net purchase of receivables of approximately USD 273 million dollars which should occur over the next six months.
Securitization has grown in prominence as a financing tool in many industries, but is not widely used in the medial services healthcare market. This of course is changing today because of GSI’s unique receivables purchasing (securitization) product to provide a market starved for cash flow immediate payment for medical services, security of the receivable handling adjudication processes and expertise in upgrading reimbursement levels.
In addition, GSI provides a variety of additional asset-backed debt and equity/debt options covering the healthcare spectrum of for-profit, not-for-profit, cash-rich and cash-poor large individual, group or acute care (hospital) providers not readily available to this niche market.
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