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Irvine,
CA --
George Terzi, President & CEO
of GT
Services, Inc. (GT Services) and Robert
Knight, President & CEO of Capstone
Portfolio Management, Inc. (Capstone)
have merged to create Icon Equities, LLC
(Icon Equities).
Co-founded by George Terzi and
Robert Knight, this new asset buying
entity in the account receivable
management (ARM) industry represents a
combined 30 plus years of experience
buying, selling and managing
non-performing receivables.
Icon Equities will be
headquartered in
Irvine
,
CA
with a new operations center opening in
the greater
Minneapolis
,
MN
area.
During the transition, the new
entity will continue to use GT Services
for certain transactions until Icon
Equities becomes an approved buyer with
selling entities.
Icon
Equities will focus on the acquisition
of national non-performing charged-off
receivables.
In addition to these national
purchases, Icon Equities will deploy
resources for the purchasing of accounts
from creditors and debt buyers that are
enrolled or that have been enrolled in
“for profit” debt settlement
programs or are in a cease and desist
status.
As a result of focusing on the
debt settlement industry, Icon Equities
has identified areas where its’
expertise affords operational
efficiencies over current labor
intensive liquidation strategies used by
creditors and debt buyers. Through
strategic partnerships, Icon Equities
has been able to obtain a cost effective
solution for servicing these types of
accounts.
“We
are excited about the opportunities to
purchase debt in the current
environment” stated George Terzi,
Managing Partner. “Recognizing the
current economic conditions, we see an
opportunity to utilize our expertise and
provide asset sellers with a premium for
their debt.”
Based
in
Irvine
,
CA
, Icon Equities, LLC is a national asset
management company that purchases, sells
and manages non-performing receivables.
For additional information,
contact Robert Knight or George Terzi.
Contact:
Robert Knight, Managing Partner
George Terzi, Managing Partner
Icon Equities, LLC
Icon Equities, LLC
763-856-3065
949-753-2877
rknight@iconequities.com
terzi@iconequities.com
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