East Greenwich-based NATVAN Inc., a pink sheet company formerly known as Torreon Holdings Inc., has signed an agreement of acquisition with Affordable Mortgage of America Inc.
The agreement dated Jan. 11, 2002, which was finalized on Feb. 1, 2002, calls for NATVAN to acquire 100 percent of the common stock of acquisition with Affordable Mortgage of America Inc. for 5 million shares of NATVAN’s restricted common stock.
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The company also announced that Dean Martin, president of Affordable Mortgage, has been appointed chief financial officer of NATVAN Inc. He will also serve as a member of the board of directors. Martin brings over 15 years of experience in the commercial, SBA, hard-money and construction loan industry.
