Receivable Acquisition & Management Corp. Completes Two Million Share Buyback

Receivable Acquisition & Management Corporation announced that it has completed the buyback of two million shares of its common stock. The Board of Directors of Receivable Acquisition & Management Corporation approved the purchase and the Company will continue to look at purchasing additional shares if opportunities of similar size become available.

Gobind Sahney, Chairman, said that "This repurchase represents approximately 11% of our current outstanding shares and we intend to cancel some shares and hold the rest in treasury for strategic purposes."

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