Brief: Altisource Announces Wind Down And Closure Of Owners.Com To Increase Focus On Core Businesses

Altisource Portfolio Solutions

08/10/2019 17:50

Altisource Portfolio Solutions SA  ASPS.O :
    * ALTISOURCE ANNOUNCES WIND DOWN AND CLOSURE OF OWNERS.COM
TO
INCREASE FOCUS ON CORE BUSINESSES
    * ALTISOURCE PORTFOLIO SOLUTIONS SA - BELIEVES THAT CLOSING
OWNERS.COM ELIMINATES CASH BURN ASSOCIATED WITH THIS EARLIER
STAGE BUSINESS
    * ALTISOURCE -  BELIEVES CLOSING OWNERS.COM SUPPORTS
STRATEGY TO
INCREASE FOCUS ON CORE REAL ESTATE AND MORTGAGE BUSINESSES
    * ALTISOURCE PORTFOLIO - IN CONNECTION WITH EXIT OF
OWNERS.COM
BUSINESS, SEES $5.9 MILLION NON-CASH GOODWILL & INTANGIBLE
ASSETS IMPAIRMENT CHARGE IN Q4

Source text for Eikon:  ID:nGNX2GTbSP 
Further company coverage:  ASPS.O