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Re: CSykes post# 1764

Monday, 07/17/2006 12:10:27 PM

Monday, July 17, 2006 12:10:27 PM

Post# of 169274
From new (in process) CVSU web site:

CVSU intends to list its stock on the NASD. To this end, CVSU is in discussion with various market makers to engage in a firm underwriting using a syndicated market distribution approach. Moreover, CVSU intends to set up a captive insurance operation through its’ insurance liaison with Lloyds affiliations, who are members of the CVSU team.

CVSU intends to write policies to cover its loans, when applicable and secure the proper re-insurance for underwritten loans through the London reinsurance markets and other applicable markets. CVSU has made arrangements to secure primary insurance against loan loss through the London insurance market and others and has several reinsures available for the underwriting of such insurance through its captive. CVSU is setting up to operate an ABS management company in manage its portfolio.

CVSU intends to operate its business and apply for a company rating from Fitch rating service. As CVSU’s public target will have been a corporate entity for more than five (5) years with more than 3 years of operating history, it will qualify for submission to Fitch Rating Service for a company rating. Such a rating will be beneficial in Europe and the U.S.A.



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