BOCA RATON, Fla., April 6, 2006 (PRIMEZONE) -- SE Secure Income Fund A LLC ("SESIF") is a specialized private investment fund that invests into portfolios of highly discounted non-performing and defaulted consumer bank loans and credit-cards which are then submitted to a national network of law firms and agencies for liquidation.
"SESIF was primed in June of 2005 with the purchase of $2.7 million in defaulted credit-card accounts and completed that year with a 144.1% net-return on that investment," said John Corporal, Investor Relations Manager. "Our first quarter of 2006, ending March 31, resulted in an additional 44% net-return. We are looking forward to continued high returns in our program."
Currently SESIF has over $7 million in defaulted consumer credit-card obligations and is under contract for an additional $61 million to be acquired next quarter.
"We are moving the fund into the position to take the next step, and plan to have over $100 million in non-performing and defaulted consumer obligations under management by the end of the second quarter," said Corporal. "We are actively reviewing a number of investment capital options."