Business
Everyday People Financial Announces Letter of Intent with Zinc Group
Potential to expand Everyday People's business process outsourcing services with another UK reven...
About this update from Everyday People Financial Inc
[{"type":"text","content":"Everyday People Financial Announces Letter of Intent with Zinc GroupPotential to expand Everyday People's business process outsourcing services with another UK revenue cycle management company with established global reach.Potential to increase brand recognition to clients and consumers that would benefit from Everyday People's credit products and financial literacy programs.Edmonton, Alberta--(Newsfile Corp. - July 31, 2023) - Everyday People Financial Corp. (TSXV: EPF) (\"Everyday People\" or the \"Company\"), a Canadian-based financial services company, today announced that it has entered into a non-binding letter of intent on July 28, 2023 (\"LOI\"), with Zinc Group Limited (\"Zinc Group\" or \"Zinc\"), one of United Kingdom's foremost providers of accounts receivable management services, which outlines the general terms and conditions of the proposed acquisition (the \"Proposed Transaction\") by BPO Collections Limited, a UK subsidiary of Everyday People (\"BPO\"), of 100% of the issued and outstanding shares in the capital of Zinc Group (the \"Zinc Group Shares\").Founded in 2008, the Zinc Group was established to provide credit control, recovery management and business process outsourcing in business and consumer markets. They are the second largest privately owned revenue cycle management agency in the UK, with offices in both Glasgow and Stratford-upon-Avon. The Zinc Group works with some of the largest national and international brands across multiple industry segments, and by delivering outstanding customer offerings, is one of the fastest-growing consumer and commercial credit management receivables companies in the UK.The Zinc Group specialises in all aspects of financial recovery, and focuses on creating market-leading, innovative customer engagement models in order to deliver exceptional customer management. They are led by one of the most experienced senior management teams in the industry and have won several industry-recognised awards for their performance in innovation and new technologies. The Zinc Group manages revenue cycle management through multiple industry sectors including banking and financial, utilities, telecoms, insurance, private health care, motor finance and commercial debt.The Zinc Group also owns and operates the Complete Credit Consultancy. In these unprecedented times wherein clients and cus...