SKYLINK Group of Companies Announces Acquisition and Corporate Reorganization of Bond Street Collections

SKYLINK Receivables Inc., headquartered in Vancouver (Surrey), Canada with offices in Toronto and Montreal, today announced that their Board of Directors have approved a definitive agreement to acquire Bond Street Collections Inc., headquartered in Toronto, Canada with an office in Montreal. The asset purchase agreement is binding and irrevocable and shall become effective November 1, 2014. There are no further procedures or conditions to be met.

After the completion of the SKYLINK transaction, the combined Company will be led by Jason Ark, Principal and Chief Executive Officer, Jason Brunet, Principal and Chief Business Development Officer, Richard Brunet, Chief Strategy Officer and Sanj Ark, Principal and Vice President, Operations. The purchase of Bond Street Collections Inc. is consistent with our vision to increase and expand our customer base in new business segments. The acquisition strategy gives us the opportunity of acquiring customers in new markets and remains the foundation of our growth strategy. This transaction will accelerate our capabilities of delivering top performance for our customers in the financial, bankcard, retail, utility, automotive, insurance, higher education and healthcare sectors.

About SKYLINK Group of Companies
SKYLINK Receivables Inc., is a privately owned and operated national accounts receivable management company. Our firm offers a wide array of accounts receivable solutions and customer care programs to both public and private sector organizations. Our diverse experience allows us to deliver best-in-class solutions to our customers with highly skilled management and staff. Our sister company, Integrity First Telesolutions Inc., provides both Business Process Outsourcing and Call Centre inbound and outbound management solutions.

About Bond Street Collections
Founded in 1994, Bond Street Collections Inc. (BSC) is a nationally licensed and bonded collection agency. Headquartered in Toronto, this collection company provides consumer and commercial debt recovery services.

SKYLINK’s commitment will be to bring creative concepts to the changing market. The synergy of our organizations continues to be focused on exceeding expectations and delivering dependable customer results. This combination creates a company that delivers maximum value for our customers, enormous opportunities for our employees and shareholders and is the foundation for future growth and expansion.