Vestiage, Inc. (VEST)

[Oakwoodmajor]

American-Way Business Development Corporation (OTC: AWBV) announced Wednesday that it has completed the purchase of South Florida-based Feingold & Feingold (FGG), a collections agency that specializes in the medical and dental industry.

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This is the third completed acquisition for American-Way this year and closely follows AWBV's strategy to acquire businesses that can be spun-off into AWBV majority-owned, publicly traded entities. "There are several ways that this company will strengthen AWBV's portfolio," predicted American-Way CEO and President Don Platten. Feingold & Feingold is a minority-owned business that is now targeting government contracts in the medical industry where it is estimated that there are currently over $300 million in past due medical bills, and with collections contracts with local, state and federal agencies for overdue obligations such as traffic fines, property liens and child-support. "As a minority-owned business, FGG enjoys a priority position in the selection criteria for lucrative government collection contracts," explained Platten. "We are going to immediately focus on this segment by increasing requests for proposal applications."