New York, NY, May 24, 2007 - Proverian Capital, LLC announced that it has obtained life settlement provider licenses for Colorado, Maryland, New Jersey and Pennsylvania. Proverian already operates in Florida and all unregulated states.
Johan Lotter, Proverian's Chief Executive Officer, commented, "Since our company was founded, we have grown rapidly and established ourselves as a major life settlement provider. With these new licenses and our large acquisition capacity, our growth trend will continue unabated."
Proverian works with life settlement brokers and financial advisors and is backed by institutional capital. Proverian distinguishes itself by using proprietary life expectancy certificates which allow the company to differentiate its offers from the rest of the market.
Howard Zail, Proverian's Chief Financial Officer, commented "We have a significant amount of capital to be invested in life settlements. The addition of these states will enhance our ability to meet our investor’s increasing interest in this asset class."
Contact:
Matthew Waldman
Director of Acquisitions
Proverian Capital, LLC
T (212)562-2646 x114
E mwaldman@proverian.com