General Credit Corp. (fka GNIZQ)

[Estrella]

General Credit DD:
TWST: How about if we start out with a brief overview of General Credit?
Mr. Zellermaier: General Credit was formed about 1990. There was a company called New York Payroll Factors. I purchased the company through an IPO in 1997, May 3rd to be exact. On May 3rd we changed the name to General Credit Corporation, but we still do business in certain locations under New York Payroll. It's a DBA. It's a company that factors corporate checks. We eliminate the float for little corporations who can't wait for their money to be paid by the bank after they make check deposits. The company started in 1990; the company was doing about 25 million. This year we intend to do about 375 million.
TWST: That's a rather rapid growth rate over that short period of time.
Mr. Zellermaier: Yes. And next year we intend to do almost 600-700 million with an acquisition and some more locations. We started out with one location; we now have four locations and a main office. Four are in Manhattan, one in Brooklyn.


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