Verus International Inc (VRUS)

[Mithras]

‘Credit Insurance’ is such a nonchalant term and I fully expect to read part two of this announcement very soon. I would bet with high confidence that this is a performance bond that Verus secured in accordance with an existing and/or soon to be executed supply contract with a large supplier...and I don’t think this is BLF related. Using an international poultry supply contract as an example - this insurance provides the poultry supplier with payment guarantees and most likely allows Verus large product supplies without the upfront payments to the supplier. The question now becomes how many times per month/quarter can Verus cycle $13.5 million in covered product internationally and how much additional revenue is being generated outside of the credit insured revenue. On just rolling the stated insurance amount monthly (this is extremely conservative), we’re looking at $162 mm per year.

“Euler Hermes has been in business for more than 100 years and operates in 56 countries, so credit insurance bearing their name carries enormous weight with suppliers throughout the world”

Again, I think part two reveals the supplier’s name.