United Treatment Centers, Inc. Enters Advantageous Subprime Lending Market With the Acquisition of Sunrise Auto Mall
From Marijuana Broadcasting to Automobile Financing, Company Diversifies for Growth and Profitability
Furthermore, United Treatment Centers is also pleased to announce the appointment of Steven Buckner as President of Sunrise Auto Mall, Inc., and CEO of United Treatment Centers, Inc. Steven Buckner is a seasoned veteran having a long tenure of experience in all aspects of the automotive Industry including new and used cars since 1985. He has served as Sales Executive and Sales Manager, Finance Manager, General Sales Manager, and ultimately owning his own dealership. He was on the forefront of the special finance market, as he set up special finance departments in new car dealerships as the industry grew.
“We are very pleased with the tremendous growth we have experienced over the past year. Just having opened our doors last June, the Company has already experienced revenues in excess of 2.8 million dollars. Our expectation is to exceed revenues of $6 million, for our fiscal year, 2015. Cars are a lot cheaper than homes. A good part of what makes this business so profitable is that in this industry, unlike mortgage loans, if the transaction goes into default, the assets are readily available to be recovered. There are no long term holding periods before the dealership is back in a position to resell and initiate a new loan. This is certainly a promising industry to be in. I am very excited about what the near future holds,” stated Steven Buckner as President of Sunrise Auto Mall, Inc.
Sunrise Auto Mall, Inc., a first-rate pre-owned auto dealership, was launched in June of 2014 as an operation geared toward enabling people challenged with bad or no credit in securing quality transportation while simultaneously rebuilding the client’s credit. The company has developed a highly profitable business model around the continually rising subprime lending industry.
As recently stated in the New York Times: “Across the country, there is a booming business in lending to the working poor — those Americans with impaired credit who need cars to get to work. But this market is as much about Wall Street’s perpetual demand for high returns as it is about used cars.” Featuring a vast selection of quality pre-owned vehicles, Sunrise Auto Mall brings to United Treatment Centers and its shareholders a tangible and productive, brick and mortar revenue generating business in a thriving industry.
Subprime financing is experiencing substantial growth as of late, currently accounting for approximately 30% of total auto loans generated in the overall auto loan market, which according to statistics reaches into the $900 billion range, according to a recent CNN.com article. According to this article, It has been revealed that subprime auto loan clients do not tend to default as frequently as subprime mortgage holders; likely because of the sheer necessity for transportation to work, school and for another other daily requirements. U.S. auto sales are on track to reach 16.5 billion this year, up from last year and near a record high.
United Treatment Centers is organizing for growth. PotNetwork, Inc. is also slated for sweeping enhancement; from its management to its website, as the Company positions itself with numerous substantial changes designed to dramatically increase the Company’s exposure. The Company’s strategy for continued advancement involves exponential growth as the marijuana industry continues to open through legalization progress.
About United Treatment Centers, Inc.: United Treatment Centers, Inc. is a publically traded Company with two wholly owned subsidiaries, PotNetwork and Sunrise Auto Mall. PotNetwork is positioned to be the premier worldwide news and content provider for the Cannabis industry, and is developing into a 24/7 network. The network plans to achieve global reach by utilizing streaming video broadcasting technologies. Sunrise Auto Mall, Inc. is a first-rate pre-owned auto dealership, launched in June of 2014, as an operation geared toward enabling people challenged with bad or no credit in securing quality transportation while simultaneously rebuilding the client’s credit. The company has developed a highly profitable business model around the continually rising subprime lending industry.
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United Treatment Centers, Inc.
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