Dematco signs new deal with European Funders

Thursday, October 02, 2008

ENCINO, Calif., Sep 30, 2008 (BUSINESS WIRE) -- Dematco, Inc. (DMAT:
dematco inc com announces wholly owned subsidiary Dematco, Ltd. has signed its fourth contract with another European investment group to dematerialize $100 million face value of Senior Life Settlement Units (SLSU). Dematco, Ltd. converts all manner of paper instruments into electronically transferable units. The Company charges a two percent (2%) upfront fee based on the face value of the SLSU, and three percent (3%) of the face value of the SLSU upon completion of the sub-products or strip-unit dematerialization. For this new contract, the Company will receive an initial stage payment of $250,000 with $1.75 million due upon execution of the dematerialization, and $3 million due upon completion of the sub-products. This measured is designed to increase the attractiveness of Life Settlements for foreign investors.

The resulting SLSU dematerialized sub-products will be traded through Private Trading Systems PLC (PlusMarkets: PTSP), a proprietary trading and clearing system. Private Trading Systems operates a platform.......


--To read the rest of this article click HERE