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 committed capital ($5,000,000) available from a current funding source subject to approved client accounts. Since 2007, Oxygen has purchased and collected approximately $110,000,000 of accounts receivables.
Big Box Stores Consumer Electronics Company, Greater Los Angeles, CA
Completed $800,000 vendor procurement funding to pay vendors and suppliers to support purchase orders from Walmart and Sam’s Club stores.
About Oxygen Funding: Oxygen Funding is a fully licensed trade finance lender (California Finance Lenders & Brokers license #603G957) that has been funding commercial businesses since 2007. Oxygen Funding finances clients sourced, underwritten and serviced by an in-house staff.
For more information pertaining to Armada Mercantile Ltd., visit: www.armadamercantile.com.