Altisource Asset Management Corporation Announces an Update to Its Business Model

Rhea-AI Summary

Altisource Asset Management Corporation (AAMC) has announced an update to its business model, emphasizing its role as an alternative lending company providing liquidity to underserved markets. The update includes potential long-term opportunities, such as exploring Crypto-ATMs. Further details on the business model changes can be accessed on their official website. The company warns that forward-looking statements are subject to risks and uncertainties that may affect actual results.

Positive

• Updated business model focusing on alternative lending.
• Exploration of long-term opportunities such as Crypto-ATMs.

Negative

• None.

CHRISTIANSTED, U.S. Virgin Islands, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) announced today that it has updated its business model. The Business Model Update is available at www.altisourceamc.com. 

About AAMC

AAMC is an alternative lending company that provides liquidity and capital to under-served markets. We also continue to assess opportunities that could potentially be of long-term benefit to shareholders such as Crypto-ATMs.

Additional information is available at www.altisourceamc.com. 

Forward-looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections, anticipations, and assumptions with respect to, among other things, the Company’s financial results, margins, employee costs, future operations, business plans, including its ability to sell loans, and investment strategies as well as industry and market conditions. These statements may be identified by words such as “anticipate,” “intend,” “expect,” “may,” “could,” “should,” “would,” “plan,” “estimate,” “target,” “seek,” “believe,” and other expressions or words of similar meaning. We caution that forward-looking statements are qualified by the existence of certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors that could cause our actual results to differ materially from these forward-looking statements may include, without limitation: our ability to develop our businesses and to make them successful or sustain the performance of any such businesses; our ability to purchase, originate, and sell loans; market and industry conditions, particularly with respect to industry margins for loan products we may purchase, originate, or sell; our ability to hire employees and the cost of hiring such employees; and other risks and uncertainties detailed in the “Risk Factors” and other sections described from time to time in the Company’s current and future filings with the Securities and Exchange Commission. The foregoing list of factors should not be construed as exhaustive.

The statements made in this press release are current as of the date of this press release only. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, whether as a result of new information, future events, or otherwise.

FAQ

What is the recent business model update from AAMC?

AAMC updated its business model to focus on alternative lending and explore opportunities like Crypto-ATMs.

How does AAMC provide liquidity to underserved markets?

AAMC provides liquidity by offering loans and capital to markets that are typically under-served.

What are the risks associated with AAMC's forward-looking statements?

Risks include market conditions, ability to sell loans, employee costs, and performance sustainability.

Where can I find more information about AAMC?

More information about AAMC and its business model is available on their official website.