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 due to record prior months, as announced, in July and August. For Oxygen Funding, Inc., our ownership affiliated company, the total invoice portfolio is approximately $14,000,000.
For more information pertaining to Armada Mercantile Ltd., visit: www.armadamercantile.com.