What would this deal mean for Westar? The stock moved up 25% on the MSFT news yesterday. It should continue to the upside today.
Westar Financial Services Incorporated (OTCBB: WEST) is a prime credit finance company that offers automobile leases to consumers primarily through franchised new car dealers in ten western states. The company services the leases, is responsible for managing delinquent accounts, repossessing the collateral in the event of default, and selling the repossessed collateral. The company has plans to serve the regional market of Minnesota, Wisconsin, North Dakota, and South Dakota, and additionally has announced its intention to open the North Central, Rocky Mountain, Midwestern, and Southeastern regions of the United States for expansion. WEST has teamed with Driveoff.com to provide financial administration, lease and loan funding, and titling documentation services to Driveoff.com?s Internet site. The company?s growth strategy focuses on continuing its efforts towards expansion through dealer-originated and e-commerce finance programs, expanding into new markets, and seeking additional opportunities and alliances. |
