| | Business Summary | | MCM
Capital
Group,
Inc.
is
a
holding
company
whose
principal
assets
are
its
investments
in
its
wholly
owned
subsidiaries,
Midland
Credit
Management,
Inc.,
Midland
Receivables
98-1
Corporation,
Midland
Funding
98-A
Corporation,
Midland
Receivables
99-1
Corporation,
Midland
Acquisition
Corporation
and
MRC
Receivables
Corporation.
The
Company
is
a
financial
services
company
specializing
in
the
collection,
restructuring,
resale
and
securitization
of
receivable
portfolios
acquired
at
deep
discounts.
The
Company
has
engaged
in
the
acquisition
and
servicing
of
charged-off
loan
portfolios
originated
by
credit
card
issuers
and
other
financial
institutions.
In
recent
years,
the
Company
primarily
acquired
charged-off
VISA,
MasterCard
and
private-label
credit
card
portfolios
issued
by
major
banks
and
merchants.
Major
credit
card
issuers
often
sell
a
significant
portion
of
their
charged-off,
delinquent,
non-performing
accounts
in
order
to
realize
immediate
cash
proceeds. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | MCM
Capital
Group
is
a
financial
services
Company
specializing
in
the
recovery,
restructuring,
resale
and
securitization
of
receivable
portfolios
acquired
at
deep
discounts.
For
the
three
months
ended
3/31/01,
revenues
rose
10%
to
$8.7
million.
Net
loss
rose
71%
to
$3.7
million.
Revenues
reflect
increased
income
from
receivable
portfolios
and
higher
service
fees.
Earnings
were
offset
by
the
absence
of
income
tax
benefits. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY2000 Pay | |
| Eric Kogan, 37
Chairman | -- | Carl Gregory, III, 56
Pres,
CEO, Director | $457K | Barry Barkley, 57
CFO,
Exec. VP | 119K | Timothy Moser, 46
Exec.
VP, Gen. Counsel, Sec. | -- | J. Brandon Black, 33
Exec.
VP - Operations | 269K | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
