Melioris through our wholly owned subsidiary, Asia Debts Xchange (ADX), officially launched the ADX Debts Sale and Buying service for distressed and delinquent assets at the Asian Financial Service Congress 2009 held at the Raffles City Convention Centre in Singapore.  The Asian Financial Services Congress was attended by more than 300 well known corporate and financial leaders in the financial services sector across Asia.   Melioris participated as an exhibitor and had a booth in the Infocomm Singapore pavilion.

ADX is the leading company providing financial services for debts and receivables in Asia. ADX current provides 1^st party receivables management services as well as operates an exchange to facilitate the collections and recovery of delinquent debts in Asia. In addition to providing the technology platform, ADX has a pool of qualified and reputable 3^rd party agencies in Asia to facilitate the collection and recoveries of debts. Our ADX service helps companies to improve cashflow and working capital management as well as improve profitability

ADX Debt Sale and Buying service helps companies wanting to offload their delinquent and distressed debts portfolios to 3^rd parties debts buyers and private equity companies.  This debt sale and buying services enables the sellers to access the widest participation from 3^rd party debt buyers and private equity companies and achieve the highest bids for their debt portfolio. On the other hand, it provides an avenue for the 3^rd party debt buyers to access more debt sale opportunities.

“We are indeed delighted to launch our ADX Debt Sale and Buying Auction platform to create value for our clients during this severe economic downturn and financial crisis where credit is extremely tight. We provide an excellent platform by helping them to access needed working capital and enhancing their cashflow through selling their delinquent portfolios on our ADX exchange. Our ADX Debt Sale and Buying platform will provide will allow our clients to get the highest value for their debt portfolios through a wide participation in the exchange.  Through the participation at the Asian Financial Congress, ADX also hopes to sign up more partners such as 3^rd party debt buyers and private equity companies interested in purchasing distressed and delinquent debts portfolio” said Mr Mak, CEO of Melioris.