MINNEAPOLIS, June 18, 2013 (GLOBE NEWSWIRE) -- Advanced Credit Technologies, Inc. (OTCBB:ACRT) --
As we enter into the second half of 2013 we wanted to update you on our progress. Our final phase II software is now completely out of BETA testing and we have begun to penetrate the vertical markets that will be taking advantage of our software. We have established that the Real Estate, Automotive, Insurance, and Mortgage Industry are receptive to both the wholesale and the retail models. Our team has accounts in all of these fields and have begun to generate incremental recurring revenue. Our goal has always been to become the life-lock of pro-active credit management and we need branding capability for TurnScor.
As you know, we have cleared all of the compliance hurdles from the financial industry to the SEC. It has been a long tough road, but we are ready to finally bring our vision to the market place. Our company is positioned nicely to take advantage of the current economy ( unemployment ) and the overall importance of personal credit scores. As of July 2010 ( FICO statistics ) some 52 million Americans had a credit score below 625, this coupled with all of the media attention on the importance of credit scores gives us a unique opportunity to capture a large portion of the market place with the proper marketing investments. A splintered credit restoration market with no real national presence is our opportunity to brand "TurnScor" as the go to for personal credit management nationally.
The "wholesale" opportunity of private labeling our software in the Automotive, Real Estate, Mortgage Lending, and Insurance Industries is extensive. There are more than 250,000 small to medium sized businesses in these industries alone that could benefit from our recurring revenue model and offer our software to their clients "FREE" of charge as a marketing strategy to drive leads and referrals. Small business and individuals spend billions of dollars annually to drive leads, our software is a natural component of their 21st century marketing strategy. From web site integration to marketing materials.
As far as the overall stock structure of the company, with our latest filings we currently have authorized 100,000,000 shares. We currently have 21,273,498 outstanding, and 9,858,583 in the public float.
|Advanced Credit Technologies, Inc.|
|15322 Galaxie Ave Suite #112|
|Apple Valley, MN. 55124|
Source:Advanced Credit Technologies, Inc