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Velocity Portfolio Group, Inc.
1800 State Route 34 Bldg 4 Ste 404A
Phone: (732) 556-9090p:732 556-9090 Wall Township, NJ  07719-9147  United States Fax: (302) 655-5049f:302 655-5049
This company ceased filing statements with the SEC on 10/15/2009.
This company is no longer actively traded on any major stock exchange.
Business Summary
Velocity Portfolio Group, Inc., is a secondary market investment company. The Company is engaged in investing in consumer debt portfolios from originators as well as in the secondary market. The Company purchases consumer receivable portfolios at a discount and then liquidates these portfolios through legal collection means. The Company purchases consumer receivable portfolios that include charged-off credit card receivables, written off by originators and consumer installment loans. The Company also purchases consumer receivable portfolios from creditors and others through privately negotiated deals and auction which sells consumer receivable seeking bids from debt purchasers. The Company pursues new acquisitions of consumer receivable agencies, investors, financing sources and brokers who specialize in the sale. The Company is focuses in identifying, evaluating, pricing and acquiring distressed consumer receivable portfolios.
(Source: 10-K)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-YesYesYes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/200912/31/2008YesYes-Yes-

Industries
SIC Code Description
6153 Short-term business credit institutions, except agricultural
6282 Investment advice
6289 Services allied with the exchange of securities or commodities

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
President, Chief Executive Officer, Director John C.Kleinert 53 1/1/2004 1/1/2004
Chief Financial Officer, Chief Legal Officer, Treasurer, Secretary James J.Mastriani 42 1/1/2004 1/1/2004
President - Asset Management and Trust SteveCondon 1/17/2017 1/17/2017
5 additional Officers and Directors records available in full report.

Business Names
Business Name
Tele-Optics, Inc.
Velocity Asset Management Inc.
Velocity Asset Management Inc.
Velocity Asset Management, Inc.
Velocity Portfolio Group, Inc.
VPGI

General Information
Number of Employees: 10 (As of 12/31/2008)
Outstanding Shares: 963,177 (As of 7/3/2014)
Shareholders: 711
Stock Exchange: OTC
Federal Tax Id: 650008442
Fax Number: (302) 655-5049


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Friday, July 21, 2023