SAN DIEGO, Oct. 7, 2014 /PRNewswire/ -- Artec Global Media,
Inc. (OTCQB: ACTL), an emerging, vertically integrated marketing
firm providing affiliate marketing, publishing and strategic
consulting solutions, today announced the launch of its student
loan consolidation division. Through direct mail, online
advertising and call centers, Artec will help consumers navigate
the complexities and nuances of consolidating student loans,
reducing monthly payments and improving the credit for consumers
and addressing what many call the most significant and burgeoning
debt crisis in the country today.
As of September 2014, there are an
estimated 42 million Americans with Federal student loan debt
totaling more than $1.2 trillion.
Each year going forward, it is estimated that an additional two
million will graduate from colleges and universities, and more than
60% of these graduates will have Federal student loan debt,
averaging more than $30,000 per
individual.
"The massive and growing burden of student loan debt is
impacting the economy in many ways, and Artec is committed to
providing solutions to address this problem," commented
Caleb Wickman, Artec's Founder and
Chief Executive Officer. "Students graduate and enter a challenging
job market and immediately face significant monthly payments from
these loans. These loans can make it challenging to get a mortgage
or afford a car. It is estimated that three quarters of the 42
million Americans who have student loan debt need help, and are
qualified for help and benefits. This is a massive market
opportunity, and Artec is in a position to help millions of
Americans find relief with their Federal student loans. Over three
years of development, Artec has designed best-in-class technology,
marketing, processing and compliant programs to help millions of
individuals for many years to come."
Artec has designed a program that provides consumers unrivaled
service at an industry low fee. Artec will guide consumers,
step-by-step, through the complicated consolidation process. Recent
reforms by the Federal Government have created various options for
consumers to consolidate student loans and arrange affordable
payment programs. Artec will help consumers identify which programs
they qualify for, and provide unbiased advice to select the best
available program. Artec will then help these consumers complete
the process.
The Consumer Financial Protection Bureau (CFBP), the entity that
oversees this industry, has stated that 75% of all Americans with
Federal student loan debt can benefit from enrolling in a Direct
Consolidation Program offered through the Department of Education.
These programs were created in 2007, but to date fewer than 5% of
the 42 million Americans have participated and enrolled in such
programs, due to the cumbersome Federal web sites, lack of
explanatory information and little marketing about these
programs.
"This confusion creates an opportunity, and more importantly, a
need," added Mason Yamashiro,
Director of Artec's Student Loan Division. "We believe this is an
opportunity not only to generate revenue and profits for Artec, but
also to help people."
Artec has contracted JPGlobal Communications Inc. to manage a
bi-lingual call center located in Tijuana.
"This call center agreement provides Artec with significant
tracking capabilities and oversight at an extraordinary price,"
added Mr. Wickman. "Artec's ability to provide robust marketing
services to drive consumer interest, coupled with the large and
growing demand for solutions to address the growing student loan
debt, creates a significant opportunity for Artec."
We expect to initiate marketing programs, with plans to double
the business and invest for growth through the balance of 2014.
About Artec Global Media, Inc.
Artec Global Media, Inc. ("Artec", "the Company", "we" or "us")
is a vertically integrated marketing firm that provides affiliate
marketing, publishing and related professional services focused on
developing and executing comprehensive strategies and programs that
supports customer business goals. The Company offers a
comprehensive suite of online marketing and reporting solutions,
including lead gen (prospect email, performance display, mobile
marketing), performance media (PPC, SEO, social media, retargeting)
and affiliate marketing, as well as other related web services. For
more information go to www.artecglobalmedia.com.
Safe Harbor and Informational Statement:
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, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. This document includes "forward-looking
statements" within the meaning of the securities laws. The words
"may," "could," "should," "estimate," "project," "forecast,"
"intend," "expect," "anticipate," "believe," "target," "plan,"
"providing guidance" and similar expressions are intended to
identify information that is not historical in nature.
This document contains forward-looking statements. All
statements, other than historical facts, including, but not limited
to: the expected benefits of the transaction such as improved
operations, growth potential, market profile, the competitive
ability and position of Artec Global Media, Inc. (or the "Company")
and any assumptions underlying any of the foregoing, are
forward-looking statements. Such statements are based upon current
plans, estimates and expectations that are subject to risks,
uncertainties and assumptions. The inclusion of such statements
should not be regarded as a representation that such plans,
estimates or expectations will be achieved. You should not place
undue reliance on such statements. Important factors that could
cause actual results to differ materially from such plans,
estimates or expectations include, among others, factors as
detailed from time to time in the Company's filings with the
Securities and Exchange Commission ("SEC"), including Artec Global
Media's Annual Reports on Form 10-K for the year ended January 31, 2012, and Quarterly Reports on Form
10-Q for the quarter ended October 31,
2013, and in other materials that have been filed by Artec
Global Media, which are available on the SEC's web site
(www.sec.gov).
All forward-looking statements contained in this document and
the documents referenced herein are made only as of the date of the
document in which they are contained, Artec Global Media, Inc.
undertakes no obligation to update any forward-looking statement to
reflect events or circumstances after the date on which the
statement is made or to reflect the occurrence of unanticipated
events except as required by law. Readers are cautioned not to
place undue reliance on any of these forward-looking
statements.
CONTACT:
Brett
Maas, Managing Partner
Hayden IR
(646) 536-7331
brett@haydenir.com
SOURCE Artec Global Media, Inc.