BNET Industries

Velocity Asset Management Inc.

(JVI) is in the Financial Services Industry

Last Fiscal Year Sales:$14.7M
  • Public
  • US
Dow Jones Description

STB, Inc. was formed in New Jersey in 2003. Its primary purpose was to act as a holding company for three subsidiaries, J Holder, Inc., VOM, LLC and Velocity Investments, LLC. These companies acquire, manage, collect and service distressed assets consisting of consumer receivable portfolios, interests in distressed real property and tax lien certificates. Velocity Investments, LLC, which was formed in 2002, invests in unsecured consumer receivable portfolios purchased on the secondary market at a discount from face value and then liquidates these portfolios through legal collection means. J. Holder, Inc., which was formed in 1998, invests in interests in distressed real property, namely, real property being sold at sheriff's foreclosure and judgment execution sales, defaulted mortgages, partial interests in real property and the acquisition of real property with clouded title with the goal of re-selling the property or perfecting the partial interest and/or clouded title for resale. These investments are made following an extensive due diligence analysis of the legal status of the property and a market analysis of the property's value. The average holding period for J. Holder's properties is six months.

President, Chief Executive Officer and ChairmanJohn C. Kleinert
Number of Employees 12
Contact Information

1800 Route 34 N Bldg 4 Ste 404A

Wall, New Jersey 07719

velocitycollect...

(201) 760-6306

NAICS Code Miscellaneous Intermediation: 523910

News & Analysis

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velocity asset management inc. - All News and Analysis

  • Velocity Asset Management Announces Delay in 10-Q Filing and Previews Q1 2008 Results

    - 2008-05-21

    WALL, N.J. -- Velocity Asset Management, Inc. (AMEX: JVI) ("Velocity"), which collects delinquent consumer receivables using an outsourced litigation model, today announced that it must further delay the filing of its quarterly report on Form 10-Q with the SEC. The company expects to complete the filing no later than Tuesday,...

  • Progressive Following on Velocity Asset Management Inc.

    - 2008-03-18

    M2 PRESSWIRE-18 March 2008-Streetinvesting.com: Progressive Following on Velocity Asset Management IncC1994-2008 M2 COMMUNICATIONS LTD RDATE:18032008 Streetinvesting.com has now resumed our progressive review of Velocity Asset Management Inc (AMEX:JVI) after it traded down 14% Tuesday, early in the morning,...

  • Velocity Asset Management Q4 '07 EPS Rises 100% to a Record $0.04 Per Share on a 37% Increase in Revenues

    - 2008-03-18

    Full Year EPS Increases 133% to a Record $0.07 Per Share on a 49% Rise in Revenues Q4 and 2007 Gross Collections Rise 73% and 67%, Respectively WALL, N.J. -- Velocity Asset Management, Inc. (AMEX: JVI) ("Velocity"), which collects delinquent consumer receivables using an outsourced litigation...

  • Progressive Following on Velocity Asset Management Inc.

    - 2008-03-05

    M2 PRESSWIRE-5 March 2008-MarketMinute: Progressive Following on Velocity Asset Management IncC1994-2008 M2 COMMUNICATIONS LTD RDATE:05032008 InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you have...

  • Velocity Investments Increases Senior Credit Facility Borrowing Limit and Extends Maturity to January 2011

    - 2008-03-04

    WALL, N.J. -- Velocity Asset Management, Inc. (AMEX: JVI and JVI-P) ("Velocity"), which purchases delinquent consumer receivables and uses an outsourced litigation model to collect them, today announced that its Velocity Investments VI subsidiary has been granted an increase on its senior credit facility with Wells Fargo Foothill, Inc. from...

Decision Makers

Name (plus bio) Position
James J. Mastriani Cfo, Chief Legal Officer, Treasurer & Secretary
W. Peter Ragan Vice President and Director

Board of Directors

Name (plus bio) Position
John C. Kleinert President, Chief Executive Officer and Chairman
David Granatell Board of Directors
Michael Kelly Board of Directors
Steven Marcus Board of Directors
Organization Position Status
Velocity Asset Management, Inc. President, Chief Executive Officer and Chairman Current
Velocity Asset Management, Inc. Board of Directors Former
Princeton University Bachelor of Science Degree In Chemical Engineering Former
Organization Position Status
Velocity Asset Management, Inc. Cfo, Chief Legal Officer, Treasurer & Secretary Current
Seton Hall University School of Law Juris Doctorate Former
Organization Position Status
Velocity Asset Management, Inc. Vice President and Director Current
Velocity Asset Management, Inc. Board of Directors Current
La Salle University Bachelor of Science In Marketing Former
Seton Hall University School of Law Degree Former
Organization Position Status
Velocity Asset Management, Inc. Board of Directors Current
Organization Position Status
National Basketball Association Physician Current
Velocity Asset Management, Inc. Board of Directors Current
The Kelly Institute Director Current
Hackensack University Medical Center Chairman of the Department of Orthopedic Surgery Former
Organization Position Status
Rainbow Capital, LLC President Current
Rainbow Capital, LLC Founder Current
Gmsl Managing Partner Current
American Institute of Certified Public Accountants Board of Directors Current
Velocity Asset Management, Inc. Board of Directors Current
American Institute of Certified Public Accountants Member Current
Rainbow Capital, LLC Partner Former
Syracuse University B.S. In Accounting Former
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Financial Services Industry Companies

Company Employer Rating
Wells Fargo 3.3
IndustryTop Rated

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