Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) has reached an all-time high of its commercial finance operations. Record Monthly Invoice Portfolio: The “high margin small ticket” invoice portfolio reached an all-time high of US$$7,852,957.77 up from US$7,071,104.99 in October. October was a good month for invoice collections and fee income, which is a … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) has reached an all-time high of its commercial finance operations. Record Monthly Invoice Portfolio: The “high margin small ticket” invoice portfolio reached an all-time high of US$7,071,104.99 up from US$5,932,690.32 in September. September was an average month for invoice collections and fee income, which is normal … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) announces certain updates regarding Zero Nox, Inc. (“Zero Nox”), our affiliated (approximately 10%) ownership portfolio company. Zero Nox is headquartered in the San Joaquin Valley, California and specializes in the development, manufacture and sale of battery technology and its integration into electric vehicles. Zero Nox has … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) has increased the size and income of its commercial finance operations. Monthly Collections: July was a record month for invoice collections and fee income for the “small ticket” invoice portfolio, which is $5,932,690.32. During the month invoice collections reached US$3,926,343.30 and total discount fee income was … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) has increased the size and income of its commercial finance operations. Monthly Collections: June was a record month for invoice collections and fee income. During the month invoice collections reached US$2,752,638.34 and total paid discount fee income was US$125,814.62. At this point, we have not seen … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) would like to provide a short update to shareholders regarding its commercial finance operations. Monthly Collections: April was a good month for invoice collections and fee income. During the month invoice collections reached US$2,363,226.02 and total paid discount fee income was US$114,893.49. At this point, we … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) would like to provide a short update to shareholders regarding its commercial finance operations. Monthly Collections: March was a good month for invoice collections. On a scale of 1 – 10 (1 being low collections during the month and 10 being our best month ever), the … Read More
Aquaborne, LLC (“Aquaborne”), an affiliated 20% ownership portfolio company Armada Mercantile Ltd., (Symbol: AAMTF), has acquired the exclusive worldwide license for a proprietary fish skin treatment technology. The license provides the technical knowledge for the treatment of sturgeon and other aquatic skins into commercially viable leather. Aquaborne plans to utilize the licensed technology to manufacture, … Read More
News Release Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) continues to fund businesses through its affiliated ownership companies. Since January 2018, Armada’s trade finance business has grown from approximately $500,000 in revolving book size (purchased accounts receivables or financed invoices) to approximately $10,000,000. Our goal for 2020 is to achieve revolving book size … Read More
Empire Factors, LLC, an affiliated subsidiary company of Armada Mercantile Ltd., has officially started funding businesses seeking capital including providing a factoring line of credit to a New York clothing industry belt designer. On behalf of the client, Empire Factors was able to find solutions that were agreeable with the client while increasing credit limits … Read More
