New York, NY, October 9, 2007 – Proverian Capital, LLC announced that it has obtained life settlement provider licenses for Arkansas, North Carolina and Tennessee. Proverian already operates in Florida, Colorado, Maryland, New Jersey, Pennsylvania and all unregulated states.
Johan Lotter, Proverian's Chief Executive Officer, commented, "With the acquisition of three additional state licenses we continue to increase our capacity for new business. As a major life settlement provider with significant capital capacity, we look forward to sustained expansion."
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, remarked, "Our investors’ growing demand for the life settlement asset class allows us to assert ourselves within the industry. We look forward to broadening our presence into the three new states."
Contact:
Matthew Waldman
Director of Acquisitions
Proverian Capital, LLC
T (212)562-2646 x114
E mwaldman@proverian.com