Coachman, maybe you could tell me what the "B.C." stands for in B.C. Trucking, Inc?
Loraca International, Inc. ("Loraca") is a financial services holding company.
It was formed on March 11, 1996, as a Nevada corporation and currently operates
a mortgage bank through its wholly-owned subsidiary, NMMC, Inc. ("NMMC," and
together with Loraca, the "Company"), headquartered in Lake Oswego, Oregon. NMMC
is a New Mexico corporation which was formed on March 28, 1986, under the name
B.C. Trucking, Inc. In 1991, NMMC commenced loan originations and changed its
name to New Mexico Mortgage Co., Inc. In December 1998, the name New Mexico
Mortgage Co., Inc. was changed to NMMC, Inc. NMMC is currently focused on the
origination and sale of non-prime mortgage products in certain western states
and is doing business as New Mortgage Millenium Corp. All of the outstanding
capital stock of NMMC was acquired by Loraca in a purchase transaction on
February 23, 1998. |
