Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) would like to provide certain key statistics to shareholders regarding its commercial finance operations.
Monthly July Activity: July reached a record month in total outstanding purchased invoices in the portfolio, which totaled US$11,507,601.41. During the month, invoice collections were robust at US$6,793,405.67 and total discount fee income was approximately US$285,008.35.
Monthly August Activity: August reached a record month in total outstanding purchased invoices in the portfolio, which totaled US$12,256,877.59. During the month, invoice collections were at US$5,386,329.27 and total discount fee income was approximately US$199,485.64.
Year to Date Total Invoice Amount: US$50,237,296.08.
Year to Date Total Advances (cash) to Purchase Invoices: US$37,637,886.27
Year to Date Total Fee Income: US$1,388,798.40
For more information pertaining to Armada Mercantile Ltd., visit: www.armadamercantile.com.