Seeking Distressed Companies

New end-to-end service provides complete company turn-around capability

(PRWEB) March 8, 2004 --Venture Technologies, LLC (VT), and the National Association of Credit Management - Houston (NACM) have entered into a partnership to cross market their services. This partnership creates a synergy between our firms, while providing exciting new services for our clients and non-clients.

Companies and lenders that experience bad debt write-offs, have distressed businesses in their portfolios, or who do not qualify for traditional credit services are likely to benefit from this affiliation. NACM's credit services, such as reorganization, turnarounds, workouts and collections have been successful for over 100 years to national and international companies offering them alternatives to bankruptcy. NACM has been operating since 1896 to facilitate the credit needs of companies. They have offices in 43 states and have a membership of over 30,000. Internationally, NACM is a premier provider of products and services to many small, medium and large size exporters as well as major multinational corporations in 30 countries around the world and the recipient of the prestigious E-Star Award; confirming its contributions to the Export Expansion Program of the United States. Recent activities have included assisting financially distressed companies in need of financial aid or term negotiation with creditors.

NACM provides a wide range of debtor scenarios in both domestic and international markets. NACM has a strong record of recovery of over 66% as compared to the national average of 22% to 25%. In many cases, NACM intervention has prevented unnecessary bankruptcies.

Venture Technologies, LLC has a growing network of over 1,400 capital sources investing in all stages of corporate development.

The combined services of NACM and VT provide an end-to-end service capability for companies needing turnaround and credit and/or financial services assistance. Once adopted into the program, selected companies will be nurtured by NACM until they are ready for a capital infusion, which will be provided through the partnership with VT.

Services are available throughout the United States, Canada, Mexico, Europe, and certain select other countries.

If you are aware of any companies that would seem to be a fit for this unique and valuable service, please contact:

William A. Walters
Partner
Venture Technologies LLC
1785 Logan Ave. South
Minneapolis, MN 55403
612-377-9748
Fax: 612-377-8150
Bill@venture-technologies-llc.com

on the web at: http://www.nacmsouthtexas.org/ and http://www.venture-technologies-llc.com/