SLM Holdings Expands Relationship With One of the World’s Largest Global Financial Services Firm
SLM Signs Letter of Intent, Receives $300,000 to Provide Support Services to Existing Clients
WOODBURY, N.Y.--SLM Holdings, Inc. (OTCBB: SMHI, http://www.slmbiz.com), a financial software company that specializes in developing products and services designed to optimize data management and enhance client support for securities brokers and financial advisors, has signed a letter of intent to provide support services to its customers at a major NYSE-listed financial institution. (According to the contractual agreement with SLM, the NYSE-listed financial institution shall remain unnamed.)
As part of this agreement, SLM has received a $300,000 payment. In return, SLM will provide support services that will include installations of ACT! based products and data migration from products including Outlook, Brokers Ally, Goldmine, and internal back office systems, among other services. The letter of intent between SLM and its customer represents the first step towards an expected expanded agreement between the two organizations. SLM expects the final agreement to be signed during the second quarter of this year.
“We believe this news underscores one of our most vital and uniquely competitive advantage points: offering simplistic, seamless, turnkey solutions that are easily customizable,” said Jason Bishara, Executive Chairman of SLM Holdings, Inc. “We are pleased that the customer recognizes and supports the depth of our capabilities and we look forward to working with them to further expand our relationship.”
“While SLM’s products have proven to be an extremely useful tool, this new agreement demonstrates our customers’ confidence in the depth of our capabilities,” said Jon Finkelstein, Chief Operating Officer of SLM Holdings, Inc. “We believe our agreement with this leading financial services firm will serve as a model as the firm services their current and future clientele.”
About SLM Holdings, Inc.
SLM Holdings, Inc. (OTCBB: SMHI, www.slmbiz.com), is a software company that specializes in Customer Relationship Management (CRM) solutions for the financial services industry by leveraging today’s latest applications and through the development of products and technologies. The products and services that are offered are intended to lower financial professional’s costs and increase productivity by optimizing data and time management, as well as provide industry compliance tools such as Federal Do Not Call List (DNC) and internal DNC list compliance. Recently, SLM joined forces with VerticalFalls Software Inc., a Mid-Atlantic producer and distributor of desktop-based software and acquired certain assets of the Company. VerticalFalls’ primary offering is turn key solutions for contact and business management. SLM has installed solutions on over seventeen thousand desktops including users at Wachovia, UBS, Primerica, Smith Barney, Merrill Lynch, SunTrust, and others. Other products being offered include Gazoota.com, a social networking tool and an online database of high-net worth leads for Financial Professionals, as well as the proprietary “Broker’s e-Vantage” system (TBeV),a web based prospecting tool.
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