U.S. Debt Settlement Inc.
US Debt Settlement Inc.: Acquisition of Fidelity Debt Solutions
US Debt Settlement Inc. / Acquisition 19.10.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- California, 10/19/09 - U.S. Debt Settlement Inc. announces the signing of a definitive purchase agreement to acquire Fidelity Debt Solutions (Fidelity). Located in San Diego, California, Fidelity is a high growth company expected to do approximately $6,000,000 USD for 2009. Fidelity grew in 2007 by a rate in excess of 589%. The expected revenue for 2009 represents a 266% increase in sales. According to Michael Mann, CEO of U.S. Debt Settlement, 'We are extremely excited by this acquisition. Fidelity has a great management team which we look forward to add to our own team. The acquisition of Fidelity adds an aggressive internet sales channel to our business model.' U.S. Debt Settlement expects to do a final closing of the transaction by December 18, 2009. About U.S. Debt Settlement Inc.: U.S. Debt Settlement Inc. (USDS), based in Chatsworth, California, is a specialty financial services company. USDS is incorporated and operating since 2003. As of October 12th 2009, USDS has become the first public company serving the debt settlement industry. The debt settlement industry is experiencing unprecedented growth opportunities. The US consumer debt market has a tremendous volume. More than $ 100 Billion of credit card debt is in default and the number is steady growing. Based on its growth strategy including further acquisitions combined with its unique professional services, USDS is uniquely positioned to take advantage of the market opportunities to become the first brand-recognized company in this industry. For additional information, visit the company's website at www.usdebtsettlement.com or contact Mr. Michael Mann, CEO, email: mmann@usdebtsettlement.com or Tel: +1 888 831 0888. Contact: U.S. Debt Settlement Inc. 21625 Prairie Street 2nd Floor Chatsworth; CA, 91311 USA Michael Mann, CEO Email: mmann@usdebtsettlement.com Web: www.usdebtsettlement.com Tel.: +1 888 831 0888 Fax: +1 888 841 0888 Contact: U.S. Debt Settlement Inc. 21625 Prairie Street 2nd Floor Chatsworth; CA, 91311 USA Michael Mann, CEO Email: mmann@usdebtsettlement.com Web: www.usdebtsettlement.com Tel.: +1 888 831 0888 Fax: +1 888 841 0888 19.10.2009 financial News transmitted by DGAP ---------------------------------------------------------------------------
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