FOR IMMEDIATE RELEASE
PALATINE, IL – 31 July 2017 – MVTRAC, a leading provider of license plate recognition (LPR) software and data solutions for auto financing and asset recovery agencies, announced the closing of a growth recapitalization of the company with Bison Capital Asset Management, LLC (“Bison Capital”).
MVTRAC’s patented LPR solutions allow its customers to achieve significant improvements in productivity and efficiency and enhance compliance. Bison Capital’s investment will allow MVTRAC to accelerate its growth by expanding its sales and client service resources to enhance its technology suite and pursue acquisitions.
Are you being contacted by clients you have not heard from in years, or even clients you have never heard of? There seems to be a scurry of inquiries about our services all around the nation lately. Could this mean clients are becoming disenchanted with the forwarding model that took over not so long ago? Have lenders finally figured out that with all the forwarding companies out there, regardless of which one they choose, they are still getting the same sub-standard cheap agents over and over again?
So let’s look at some of the different flavors:
Officers will give the suspect a chance to pay off the warrant on the spot if they agree to a 25 percent fee.
Manassas, VA – 15 August 2013 – If you have camera cars or LPR cameras on your trucks, take heed… the 2013 Regular Session of the 89th General Assembly of the State of Arkansas, passed this law that goes into effect 12:01AM Friday, August 16, 2013. This is taken from AR House Bill 1996, which is now Act 1491 Entitled: “An Act to Regulate the use of Automatic License Plate Reader Systems; and for other purposes.”, Subtitle: “To Regulate the use of Automatic License Plate Reader Systems.”
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There are two basic strategies in scanning plates. Companies use one or the other or a combination of the two. The first is mainly looking for new accounts by scanning for vehicles that are in the national database of skips. In doing this, Walmart’s, extended-stay motels, large malls, shopping centers and the like are aggressively scanned hoping to find the skips and recover the car right then.