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
News Release Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) announces certain recent transactions (listed below) by Oxygen Funding, Inc. (“Oxygen”), an affiliated ownership company. Since January 2018, Oxygen’s trade finance business has grown from approximately $500,000 in revolving volume (purchased accounts receivables or financed invoices) to new high of approximately $7,000,000. Since 2007, … Read More
ROSEVILLE, CA, July 9, 2019— California-based Armada Mercantile Ltd. (CSE: ARM; USOTC: AAMTF) is celebrating an unprecedented surge in the growth of its business over the last year. The publicly traded financial services provider has grown its commercial finance business tenfold in the last 12 months. “Fees generated by our high margin commercial finance business … Read More
News Release Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) announces certain recent transactions (listed below) by Oxygen Funding, Inc. (“Oxygen”), an affiliated ownership company. Since January 2018, Oxygen’s trade finance business has grown from approximately $500,000 in revolving volume (purchased accounts receivables or financed invoices) to approximately $5,300,000. For growth purposes, Oxygen has … Read More
News Release May 29, 2019 TRADE SYMBOL: ARM – Canadian Stock Exchange TRADE SYMBOL: AAMTF – OTC Markets Armada Mercantile Ltd. has awarded an incentive stock option to Duran Kinst Strategies, LLC a marketing and social media consultant. This award is in compliance with the terms of the Company’s Stock Option Plan and the stock … Read More
