To Implement the Capital Purchase Agreement f/k/a CPA; Blueprint for 2016 and 2017
Reve Technologies, Inc. (BSSP) (the "Company" or "Reve") is pleased to announce the plan of its new Capital Purchase division for the next 24 months.
As previously reported, typical Capital Purchase transactions or Capital Purchase Agreements ("CPA") are made to both public and private companies where the money is used to purchase future revenue or cash flows such as their accounts receivables and/or their debt or equity investment capital raises. Management intends to create a diversified portfolio consisting of Capital Purchase Agreements across various and diversified financial sectors. The goal of the CPA is to establish a rate of return typically within 30 days.
Bobby Cohen, Chief Capital Purchase Architect and progenitor for the new Capital Purchase Agreement coined ("CPA") division stated, "With assistance from the current management team, I'm looking forward to the development and implementation for Reve's new Capital Purchase division." Mr. Cohen further stated, "Starting in the first quarter of 2016 and going out 24 months, it is our intention, based on appropriate funding and market acceptance, that our new division will become available in several of the key major U.S. markets, which would include New York City, Los Angeles, Chicago, Dallas, and Miami."
The company, through its new Capital Purchase division, looks to provide a Diversified Portfolio to be built to protect against specific component risk. With a limited dollar amount exposure of approximately $10,000 per portfolio position, the Capital Purchase Division's expectation is to protect against collection risk. The overall Portfolio construction of non-concentrated sectors is designed and intended to mitigate sector risk. Portfolio returns are to be made outside public markets, so that risk attributed to overall market risk is lower than other strategies. Portfolio construction is based on overall economic risk assessment, and portfolio companies will sign a default judgment or confession of judgment as part of the capital purchase process which lowers litigation risk.
About Reve Technologies, Inc.
The Company was incorporated on May 11, 2010 (Date of Inception) under the laws of the State of Nevada, as Bassline Productions, Inc. On March 21, 2014 the Company amended its articles of incorporation and changed its name to Reve Technologies, Inc. and investing to develop and market emerging hardware, mobile and web applications. The Company has embarked on establishing a new Capital Purchase Division to provide short term capital purchase agreements to fill a need across the diversified financial market sectors.
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