Intellis Targets Receivables Recovery

'New kid on the block' (Donnie or Jordan?) Intellis Capital Recovery aims to recover cash for optical and telecom clients

June 24, 2003

2 Min Read

SANTA ROSA, Calif. -- There is a new kid on the block... Intellis Capital Recovery, the first company formed and solely dedicated to maximizing the recovery of troubled receivables for optical and telecom clients.

Intellis Capital’s unique offering derives from a group of optical, telecom, and technology executives with backgrounds in operations, corporate development, private equity and finance, as well as corporate recovery law. Their primary focus is to address the current liquidity crisis created by the unprecedented Telecom technology bust which began in fiscal 2000.

According to Ted Morgan, founding Managing Principal: "The delayed economic recovery and excess capacity has created overwhelming instability, competition, and cash flow pressures in the Telecom and related technology space. With further cost cutting becoming much less effective for many optical and telecom technology related companies, we felt our group’s experience in corporate finance and recovery would prove a significant value-add in supporting a company's receivable recovery initiatives".

"Intellis differentiates itself by applying a focused understanding of the optical and Telecom markets and related participants, and by utilizing investment banking techniques and tools to analyze the debtor company. The ability to leverage industry knowledge and corporate finance negotiation techniques, versus traditional collection tactics, makes for a powerful and clear strategy to affect a maximum recovery for our clients".

"With the ability to insulate our clients from the recovery process, we allow management to focus on the strategic aspects of managing their business where their thoughts and actions have real time impact on their operations".

"Rarely does an investor conference not include a detailed discussion of a Telecom company's ‘cash levels’ and ‘cash burn’. These are the leading criteria that define a company's value, future prospects, management governance, and increasingly from a large customer view, financial health in maintaining a vendor relationship."

"We put ourselves on the line right alongside our clients. Our performance based focus insures that our interest in maximizing recovery on the client's behalf is consistent and in line with the client's expectations. The differentiating factor is our ability to negotiate cash and equity recoveries for our clients".

"Our mission is simple: we believe in creating value as a foundation that builds competitive advantage for our Telecom clients. With equity markets all but silenced, and traditional sources of debt financing moving further away from the optical and telecom markets, Intellis provides a compelling value proposition for Telecom companies by working to effectively manage their trading asset portfolios. In today's Telecom environment, managing of cash has become critical not only to success but to survival.”

Intellis Capital Recovery

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