American Asset Solutions Pitch Deck
14
American Asset Solutions LLC Transforming the Debt Collection Industry Tom Corson-Knowles www.AmericanAssetSolutions.com March 23, 2011
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This is the slide show for pitching American Asset Solutions investors.
Transcript of American Asset Solutions Pitch Deck
American Asset Solutions LLC
Transforming the Debt Collection Industry
Tom Corson-Knowleswww.AmericanAssetSolutions.com
March 23, 2011
AAS: Saving Customers Money and Dignity
Acquire• Buy loans from
banks at steep discount (7%)
• Secure Forward Flow Agreements
• Increased buying power through collaboration with SSS
Finance
• Finance the Acquisition of Portfolios
• Niche: Fresh Credit Card Charge Offs
Collect• Outsource
collections to world class collection agencies
• Applied Psychology Approach of collecting
• Offer large discounts to customers
Management & AdvisorsTom Corson-Knowles, CEO•Owner, Juice Plus+ Virtual Franchise•Indiana University Elite Entrepreneur Course Graduate
Bill Bartmann, Advisor•Founder of CFS ($3.5 Billion Collection Agency)•Four Times on Inc. 500 Fastest Growing Companies
Tony Allen, Advisor•CitiFinancial Services Loan Portfolio Manager•Chase Retail, Vice President
Other AdvisorsDavid Ayres (HSBC Bank), Jessica Allsop (Debt Discounters of America), Eric Jellison (Small Business Consultant), Dana Bell (Debt Collections Trainer)
Market Size - USCharged off Credit Card Loans$117 Billion (est.) in 2010
Fresh Charged off Credit Card Loans $40 Billion (est.) in 2010
Very Large, Niche Market with Room to GrowAnd Potential to Expand into Other Segments
Market Growth
2006 2007 2008 2009 2010 $-
$20
$40
$60
$80
$100
$120
$140
Credit Card Charge Offs (in billions)
Market Dynamics
High Unemployment = Massive Charge Offs
Current Bank Relationships
•Bid Through NLEX (Loan Broker)•Purchased $85,000 of LoansUS Bank•Direct BiddingBank of America
•Direct BiddingWells Fargo•Forward Flow Agreement (6 months)•Guaranteed Supply by ContractBank of Omaha
Asset Prices & Recovery
Historical Average(1980s to 2008)
•10-12 cents
Current(2011)
•6-8 cents
All-Time Low(2008-2010
•4-6 cents
We are confident our collection partners can continue to collect these assets at a 3 to 1 ratio
Business Model
Top Indust
ry Advis
ors
EstablishedBank
Relationships
Outsourced Collections
Ultra Lean
Business
Model
Purchase Loans at
7 cent
s
Agency
Collects at
3x (21
cents)
1/3rd of
collections paid
to agen
cy
1/3rd of
collections + interest paid
to invest
ors
1/3rd of
collections to profit
(minus $2k/m overhead)
100% Scalable Business Model
Cash Flow from Operations
Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 $(12,000)
$(10,000)
$(8,000)
$(6,000)
$(4,000)
$(2,000)
$-
$2,000
$4,000
Cash Flow from Operations
Cash Flow Positive
First Portfolio Purchase
Transforming the Industry
Customer Testimonials• "This was the single most amazing experience I have had in Dealing with Debt collectors. Your
representative... was courteous and eager to work with me to resolve the situation… I only wish that all debt collectors would be as helpful and respectful as this Company and work with us to resolve the debt. This company has helped me and I am very grateful and Thankful. Sincerely, Christine“
• “That young lady Arly was handling my account and she is just a real sweetheart. .. She treated with respect and dignity… it's been a real pleasure dealing with her. Thank you most kindly.”
• “My name is Michelle… I dealt with Brian Murphy. And he was amazing. He was very respectful. I was treated with dignity and he was very helpful. .. I appreciate the manner which I was dealt with.”
• “I am sending this testimony because Patricia Wallen deserve this.. I can sincerely tell that I had a wonderful experience conversing with her. She 's so accommodating.. very cheerful , has all the answers to our questions ..very polite... Wish all companies has a person like you..”
• “I've been speaking to Angela Edwards and she has been so much nicer she has treated me better than any other collection company has. She worked with me.”
*All testimonials are for CFS II and its employees, our primary collection agency partner
Financing
Past•Raised $81,000 from private investors at 20%, 1 year note•Purchased $85,000 in assets
Present•Seeking $20,000 -$50,000 a month from investors•Flexible on terms
Future•Our goal is to raise $500,000 by March 31st, 2012 and purchase $750,000 in assets.
