Latest news with #AmeriTrust
Associated Press
6 hours ago
- Automotive
- Associated Press
AmeriTrust Further Enhances its Management Team
TORONTO, ON / ACCESS Newswire / August 18, 2025 / AmeriTrust Financial Technologies Inc. (TSXV:AMT)(OTCQB:AMTFF)(Frankfurt:1ZVA) ('AmeriTrust' or the 'Company'), a fintech platform targeting automotive finance and specializing in used vehicle lease originations for the automotive industry, is pleased to announce the appointment of Jessica Cumbee as SVP of Compliance & General Counsel, and Staci Bailey as VP of Sales. Jessica Cumbee is an accomplished automotive finance attorney who is licensed in multiple states and certified by the National Automotive Finance Association in Consumer Credit Compliance. Previously, Jessica has held similar positions at Car Capital Technologies, Inc., Octane, and Tricolor Auto. Staci Bailey is an industry veteran with over 30 years of experience in automotive finance. Prior to joining AmeriTrust, Staci's experience included leadership roles at notable organizations, including Exeter Finance and AmeriCredit. Staci is recognized for her ability to deliver results by cultivating and expanding strategic partnerships that create mutual value for all stakeholders. Jeff Morgan, AmeriTrust's CEO, commented: 'I am very excited to add Jessica and Staci to our management team. Jessica has hit the ground running and her work has already been impactful. I first met Staci in 1992 at Don Davis Auto Group, and I have worked to recruit her on multiple occasions since 2009. I personally look forward to working with both of them as we launch AmeriTrust.' About AmeriTrust Financial Technologies Inc. AmeriTrust Financial Technologies Inc., listed on the TSX Venture Exchange, OTCQB, and Frankfurt markets, is a finance solution and fintech provider disrupting the automotive industry. AmeriTrust's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. AmeriTrust's platform is being made available across the United States. For further information, please visit the AmeriTrust website or contact: Shibu Abraham Chief Financial Officer and Director E: [email protected] P: 800-600-6872 Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Certain information included herein is forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information may include statements regarding the objectives, business strategies to achieve those objectives, expected financial results (including those in the area of risk management), economic or market conditions, and the outlook of or involving AmeriTrust, its subsidiaries and its businesses. Such information is typically identified by words such as 'anticipate', 'believe', 'continue', 'estimate', 'expect', 'plan', 'forecast', 'future', 'outlook, 'guidance', 'may', 'project', 'should', 'strategy', 'target', 'will' or similar expressions suggesting future outcomes. Forward-looking information is provided for the purpose of providing information about management's expectations and plans about the future and may not be appropriate for other purposes. Forward-looking information herein is based on various assumptions and expectations that AmeriTrust believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Those assumptions and expectations are based on information currently available to AmeriTrust, including information obtained from third party industry analysts and other third-party sources, and the historic performance of AmeriTrust's businesses. Such assumptions include the timing of receipt of necessary regulatory approvals, anticipated financial performance, current business and economic trends, the amount and timing of future dividends paid by AmeriTrust, business prospects, utilization of tax basis, regulatory developments, currency, exchange and interest rates, commodity prices relating to the automotive industry, trading data, cost estimates, our ability to obtain financing on acceptable terms, and statements regarding net working capital, anticipated operational and capital expenditure reductions, the length and impact of COVID-19 on AmeriTrust's businesses and customers and capital expenditure requirements of AmeriTrust, the assumptions set forth under the 'Financial Outlook' sections of our MD&A. The forward-looking information is also subject to the risks and uncertainties set forth below. By its very nature, forward-looking information involves numerous assumptions, risks and uncertainties, both general and specific. Should one or more of these risks and uncertainties materialize or should underlying assumptions prove incorrect, as many important factors are beyond our control, AmeriTrust's actual performance and financial results may vary materially from those estimates and intentions contemplated, expressed or implied in the forward-looking information. These risks and uncertainties include those relating to incorrect assessments of value when making acquisitions, increases in debt service charges, the loss of key personnel, the anticipated impact of the COVID-19 pandemic, the impact of increased inflation and the expected economic recession, fluctuations in foreign currency and exchange rates, inadequate insurance coverage, liability for cash taxes, counterparty risk, compliance with environmental laws and regulations, reduced customer demand, operational risks involving our facilities, force majeure, labour relations matters, our ability to access external sources of debt and equity capital, and the risks identified in our MD&A under the heading 'Risk Factors'. The preceding list of assumptions, risks and uncertainties is not exhaustive. When relying on our forward-looking information to make decisions with respect to AmeriTrust, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking information is provided as of the date of this document and, except as required by law, AmeriTrust does not undertake to update or revise such information to reflect new information, subsequent or otherwise. For the reasons set forth above, investors should not place undue reliance on forward-looking information. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. SOURCE: AmeriTrust Financial Technologies Inc. press release
Yahoo
03-07-2025
- Yahoo
Father and son identified as campers found dead at Isle Royale National Park
The two campers found dead at a remote campground at a Michigan national park last month have been identified as a father and son. Rangers found the two bodies at a backcountry campground at Isle Royale National Park on June 8, the National Park Service confirmed last month. Rangers used ground and aviation resources to recover the bodies from the campsite the following day. The two have been identified as John Baird, 60, and Bradley Baird, 30, from from Washtenaw County, Michigan, according to the Minnesota Star Tribune and local station KMSP. Park officials have still not revealed the official cause and manner of death as the investigation continues. Death certificates shared by Keweenaw County officials indicate Bradley was a self-employed writer while John was the division president for the insurance company AmeriTrust, KMSP reported. John was reportedly a military veteran before working in insurance, according to WLUC. USA TODAY has reached out to AmeriTrust for comment. Isle Royale National Park is a remote island cluster located in Lake Superior, Michigan, known for its distinctive ecology and wildlife. The wilderness park is only open six months out of the year and is exclusively accessible via ferry, boat or seaplane. In 2023, park ranger Christopher Amidon told USA TODAY the park is home for wolves and moose. "There's been a wolf-moose predator-prey research study going on for over 60 years on Isle Royale, the longest predator-prey relationship study in existence," Amidon previously told USA TODAY. "You have a really high likelihood of seeing moose while visiting Isle Royale, as opposed to wolves, which are incredibly secretive." Contributing: Fernando Cervantes Jr. and Eve Chen, USA TODAY This article originally appeared on USA TODAY: 2 found dead at Isle Royale National Park identified as father, son
Associated Press
10-03-2025
- Automotive
- Associated Press
AmeriTrust Upgrades OTC Listing To OTCQB
TORONTO, ONTARIO / ACCESS Newswire / March 10, 2025 / AmeriTrust Financial Technologies Inc. (TSXV:AMT)(OTCQB:AMTFF)(Frankfurt:1ZVA) ('AmeriTrust' or the 'Company'), a fintech platform targeting automotive finance and specializing in used vehicle lease originations for the automotive industry, is pleased to announce that it has received approval for trading its common shares on the OTCQB Market (the 'OTCQB') under the symbol AMTFF effective today, March 10th, 2025. The Company's common shares will continue to trade on the TSX Venture Exchange under the symbol 'AMT'. AmeriTrust's CEO Jeff Morgan commented: 'I am pleased that AmeriTrust has been uplisted to the OTCQB. AMTFF's listing on the OTCQB will provide a more seamless and accessible trading experience for our many existing U.S. shareholders and will provide more liquidity to further diversify our shareholder base.' The OTCQB, operated by OTC Markets Group Inc., is recognized as a premier marketplace for emerging and growth-focused companies in the U.S. and globally. Companies listed on the OTCQB meet rigorous financial and reporting standards established by the U.S. Securities and Exchange Commission, providing investors with enhanced transparency and reliable information. U.S. investors can find Real-Time Level 2 quotes for the Company on The Company's public disclosure will continue to be available on SEDAR+ at About AmeriTrust Financial Technologies Inc. AmeriTrust Financial Technologies Inc., listed on the TSX Venture Exchange, OTCQB, and Frankfurt markets, is a finance solution and fintech provider disrupting the automotive industry. AmeriTrust's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. AmeriTrust's platform is being made available across the United States. For further information, please visit the AmeriTrust website or contact: Shibu Abraham Chief Financial Officer and Director P: 800-600-6872 Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Certain information included herein is forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information may include statements regarding the objectives, business strategies to achieve those objectives, expected financial results (including those in the area of risk management), economic or market conditions, and the outlook of or involving AmeriTrust, its subsidiaries and its businesses. Such information is typically identified by words such as 'anticipate', 'believe', 'continue', 'estimate', 'expect', 'plan', 'forecast', 'future', 'outlook, 'guidance', 'may', 'project', 'should', 'strategy', 'target', 'will' or similar expressions suggesting future outcomes. Forward-looking information is provided for the purpose of providing information about management's expectations and plans about the future and may not be appropriate for other purposes. Forward-looking information herein is based on various assumptions and expectations that AmeriTrust believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Those assumptions and expectations are based on information currently available to AmeriTrust, including information obtained from third party industry analysts and other third-party sources, and the historic performance of AmeriTrust's businesses. Such assumptions include the timing of receipt of necessary regulatory approvals, anticipated financial performance, current business and economic trends, the amount and timing of future dividends paid by AmeriTrust, business prospects, utilization of tax basis, regulatory developments, currency, exchange and interest rates, commodity prices relating to the automotive industry, trading data, cost estimates, our ability to obtain financing on acceptable terms, and statements regarding net working capital, anticipated operational and capital expenditure reductions, the length and impact of COVID-19 on AmeriTrust's businesses and customers and capital expenditure requirements of AmeriTrust, the assumptions set forth under the 'Financial Outlook' sections of our MD&A. The forward-looking information is also subject to the risks and uncertainties set forth below. By its very nature, forward-looking information involves numerous assumptions, risks and uncertainties, both general and specific. Should one or more of these risks and uncertainties materialize or should underlying assumptions prove incorrect, as many important factors are beyond our control, AmeriTrust's actual performance and financial results may vary materially from those estimates and intentions contemplated, expressed or implied in the forward-looking information. These risks and uncertainties include those relating to incorrect assessments of value when making acquisitions, increases in debt service charges, the loss of key personnel, the anticipated impact of the COVID-19 pandemic, the impact of increased inflation and the expected economic recession, fluctuations in foreign currency and exchange rates, inadequate insurance coverage, liability for cash taxes, counterparty risk, compliance with environmental laws and regulations, reduced customer demand, operational risks involving our facilities, force majeure, labour relations matters, our ability to access external sources of debt and equity capital, and the risks identified in our MD&A under the heading 'Risk Factors'. The preceding list of assumptions, risks and uncertainties is not exhaustive. When relying on our forward-looking information to make decisions with respect to AmeriTrust, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking information is provided as of the date of this document and, except as required by law, AmeriTrust does not undertake to update or revise such information to reflect new information, subsequent or otherwise. For the reasons set forth above, investors should not place undue reliance on forward-looking information. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
Associated Press
24-02-2025
- Automotive
- Associated Press
AmeriTrust Announces Hiring of Data Scientist and Launch of AI Initiatives
TORONTO, ON / ACCESS Newswire / February 24, 2025 / AmeriTrust Financial Technologies Inc. (TSXV:AMT)(OTC PINK:PWWBF)(Frankfurt:1ZVA) ('AmeriTrust' or the 'Company'), a fintech platform targeting automotive finance and specializing in used vehicle lease originations for the automotive industry, is pleased to announce the appointment of Mozhgan Parsa, PhD, to the position of Data Scientist. Mozhgan has a strong background in machine learning engineering, data science, and AI research. She will work with Xia Zhang, CTO, and Sean Severin, CIO, to integrate Artificial Intelligence functionality into AmeriTrust's proprietary lease and loan finance technology. AmeriTrust's AI team will be designing and developing AI technology to optimize credit risk assessments, fraud detection, auto-decisioning and customer behavior analytics. In addition, AmeriTrust's AI initiatives will provide advanced predictive analytics to support pricing, underwriting, servicing and customer retention strategies. AmeriTrust's CEO Jeff Morgan commented: 'Our pioneering leasing technology platform, initially developed by my team at MUSA Auto Finance, utilizes advanced algorithms to provide lease decisioning in seconds. AmeriTrust's lease and loan finance technology will now be further enhanced with the integration of AI Agents developed specifically to integrate into many aspects of the platform.' Jeff Morgan further commented: 'I would also like to let our shareholders know that my primary focus continues to be securing funding facilities to originate leases on used and new vehicles. We have executed several NDA's specific to funding and are currently in discussions with multiple potential funding providers. As more information becomes available, I will provide an update. Finally, I would like to announce that AmeriTrust has launched its new, re-branded website at I would welcome all shareholders to visit the site to learn about our industry-leading leasing and loan solutions, about our servicing platform, AmeriTrust Serves, our remarketing platform, AmeriTrust Auto, and to review our updated Corporate Presentation.' About AmeriTrust Financial Technologies Inc. AmeriTrust Financial Technologies Inc., listed on the TSX Venture Exchange, OTC PINK, and Frankfurt markets, is a finance solution and fintech provider disrupting the automotive industry. AmeriTrust's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. AmeriTrust's platform is being made available across the United States. For further information, please visit the AmeriTrust website or contact: Shibu Abraham Chief Financial Officer and Director P: 800-600-6872 Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Certain information included herein is forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information may include statements regarding the objectives, business strategies to achieve those objectives, expected financial results (including those in the area of risk management), economic or market conditions, and the outlook of or involving AmeriTrust, its subsidiaries and its businesses. Such information is typically identified by words such as 'anticipate', 'believe', 'continue', 'estimate', 'expect', 'plan', 'forecast', 'future', 'outlook, 'guidance', 'may', 'project', 'should', 'strategy', 'target', 'will' or similar expressions suggesting future outcomes. Forward-looking information in this document includes: the development and implementation of the Company's AI initiatives and securing funding facilities. Forward-looking information is provided for the purpose of providing information about management's expectations and plans about the future and may not be appropriate for other purposes. Forward-looking information herein is based on various assumptions and expectations that AmeriTrust believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Those assumptions and expectations are based on information currently available to AmeriTrust, including information obtained from third party industry analysts and other third-party sources, and the historic performance of AmeriTrust's businesses. Such assumptions include the timing of receipt of necessary regulatory approvals, anticipated financial performance, current business and economic trends, the amount and timing of future dividends paid by AmeriTrust, business prospects, utilization of tax basis, regulatory developments, currency, exchange and interest rates, commodity prices relating to the automotive industry, trading data, cost estimates, our ability to obtain financing on acceptable terms, and statements regarding net working capital, anticipated operational and capital expenditure reductions, the length and impact of COVID-19 on AmeriTrust's businesses and customers and capital expenditure requirements of AmeriTrust, the assumptions set forth under the 'Financial Outlook' sections of our MD&A. The forward-looking information is also subject to the risks and uncertainties set forth below. By its very nature, forward-looking information involves numerous assumptions, risks and uncertainties, both general and specific. Should one or more of these risks and uncertainties materialize or should underlying assumptions prove incorrect, as many important factors are beyond our control, AmeriTrust's actual performance and financial results may vary materially from those estimates and intentions contemplated, expressed or implied in the forward-looking information. These risks and uncertainties include those relating to incorrect assessments of value when making acquisitions, increases in debt service charges, the loss of key personnel, the anticipated impact of the COVID-19 pandemic, the impact of increased inflation and the expected economic recession, fluctuations in foreign currency and exchange rates, inadequate insurance coverage, liability for cash taxes, counterparty risk, compliance with environmental laws and regulations, reduced customer demand, operational risks involving our facilities, force majeure, labour relations matters, our ability to access external sources of debt and equity capital, and the risks identified in our MD&A under the heading 'Risk Factors'. The preceding list of assumptions, risks and uncertainties is not exhaustive. When relying on our forward-looking information to make decisions with respect to AmeriTrust, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking information is provided as of the date of this document and, except as required by law, AmeriTrust does not undertake to update or revise such information to reflect new information, subsequent or otherwise. For the reasons set forth above, investors should not place undue reliance on forward-looking information. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
