This was a complete win for IPFS
in this particular bankruptcy case, but was a larger win for the premium finance industry.
operates a corporate office in Kansas City, MO, employs over 500 people and serves over 17,000 agents across the US.
These kinds of subcategories of services may be exclusive or non exciusive, where one or both partners of Sovereign sell directly to consumers and through other IPFS
also had a limited ability to control firms, as they were legally constrained from owning more than 20 percent of a firm.
We are extremely happy that IPFS
along with their counsel Greenberg Traurig decided to do what is best for the industry and end the litigation so that we can now focus on the business of funding community banks throughout the country.
As of March 2006, IPFS
is owned 35% by Robert Colvin, the founder of Index Powered Financial Services, LLC, and 65% by CAII IP Holdings, LLC, which is a wholly owned subsidiary of Republic Financial Corporation (RFC).
is a privately owned company that originates the Capital Markets Certificates of Deposit (CMCD) program, which was launched in August 2005.
provides its customers with an integrated manufacturing solution that encompasses all stages of an electronic product's life cycle, from prototype through volume production.
This partnership secures our ability to offer an innovative and viable solution to CFIs across the country," stated Robert Colvin, founder of IPFS
has had a long established relationship as a supplier for the Navy's "Aegis Weapon System" for warships, which is the world's premier Naval Defense system and sea based element in the United States 'Ballistic Missile Defense System' for simultaneous Air, Surface, and Sub Surface threats.
By acquiring some of these companies, we believe that synergistic companies can immediately become more profitable under the IPFS
umbrella by eliminating redundant overhead.
18 /PRNewswire-FirstCall/ -- Integrated Performance Systems (BULLETIN BOARD: IPFS
) , announced today that on October 28, 2005 IPFS
successfully refinanced $4.