Press Release Author: John Dennis / Big Time stocks
Industry: Healthcare
Press Release Summary: We are in excellent position to take advantage of the increasing costs of medical care and the aging of the population, as well as the reduction proposed for reimbursements of medical care.
Press Release Body: PRINCETON, N.J.---GSI Securitization Inc. (Pink Sheets: GSII.pk)
GSI Chairman/CEO Gunther Slaton today stated: "As you all are aware, the market has recently been very erratic, reflecting the uncertainties present in today's economy. It is therefore now particularly important for us to tell our stockholders of developments within our company and to present to you the company's current status. We are in excellent position to take advantage of the increasing costs of medical care and the aging of the population, as well as the reduction proposed for reimbursements of medical care.
We have a very significant backlog of receivables that are currently being analyzed for funding as previously announced. There are three significant receivable segments, which are (1) No-Fault Medical Insurance; (2) Insured Medical Receivables, including HMOs, commercial, Medicare, Medicaid, and managed care; and (3) payment by patients. These receivables are carefully analyzed to protect funding investments in any portfolio, and to be certain that each project meets our stringent profitability hurdle rates. We want to emphasize that this process is a carefully planned due diligence program, which will help to provide transparency of operations for funding providers as well as investors/stockholders. This process is in final stages for implementation.
We have accomplished all of these functions successfully without creating any debt on the company's balance sheet. The company has been financed by its officers and their associates, and therefore the people working within GSI have contributed not only their time but the necessary capital to move our company forward to meet its goals.
It is our intent in the near future to issue financial statements and projections' reflecting the company's earning power and bright future. We will continue to keep our stockholders informed as to the status and continuing progress of our operations."
Statements released by GSI Securitization Inc., that are not purely historical are forward looking within the meaning of the \"Safe Harbor\" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company\'s expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company\'s business prospects and performance. The company\'s actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors as discussed in the company\'s filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
2022
