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property for sale in umbria italy
News and Information Article
KANSAS CITY, Mo., Feb. 21 // -- Point to Point, Inc. (formerly
known as Point to Point Business Development, Inc.) announced that it will
emerge from bankruptcy today.
*(LOGO: Send2Press.com/mediadesk/logo-point2point_72dpi.jpg)
The reorganization plan includes a line of credit arranged through AGS
Capital LLC, a private equity firm located in Indianapolis, IN. Alan Symons,
Chairman of the Board for AGS Capital said, "we are very excited about Point
to Point and its on line e-procurement platform. Based on our knowledge of
the marketplace Point to Point is poised to become a major player in the B2B
procurement space." Under the terms of its financing Point to Point will
relocate its corporate headquarters to Indianapolis, allowing it to take
advantage of AGS Capitals management resources.
Point to Point reached agreement with its creditors to share future
profits with its creditors for three years.
Scott J. Weaver, President, said, "I wish to thank the many individuals,
including our customers, suppliers and employees who have worked so hard to
reach this most important milestone. Point to Point can now move forward
without the costs and burdens of bankruptcy, well-positioned to take advantage
of our procurement, payment processing and push technologies."
About Point to Point, Inc.
Point to Point (P2P) is an emerging leader in e-procurement services
including maintenance repair and operations (MRO) spend, storeroom and
inventory management, centralized payment processing, and centralized
controls. As part of its service offering, P2P owns and hosts its own
e-commerce platform. This Private Trading Exchange (PTX) bridges customers
to their suppliers through an electronic portal reducing the internal costs
and waste associated with indirect spend such as purchase orders, invoices,
and checks. Centralized payment processing is performed by pushing all
payments electronically.
Point to Point Construction Management, Inc., offers a similar PTX to new
home builders bridging them to their sub contractors. The platform improve
controls reduces costs and through its "One Click Electronic Lien Release"
technology builders are able to effectively manage liens in a way never before
able. Centralized payment processing is performed by pushing all payments
electronically.
Additional information on Point to Point, Inc. is available at
http://www.p2pmro.com.
Contact:
Scott J. Weaver, President, scott.weaver@mrosoup.com, 317.895.2700
This release was issued on behalf of the above organization by
Send2Press(R), a unit of Neotrope(R). http://www.Send2Press.com
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