Las Vegas Networking

Well, our CEO Brandon Fishman is still in the CEO Poker Tournament in Las Vegas.  A few of the NCO team went out to support him while the rest of us stayed back here on the ranch to run the show.  The tournament started yesterday after noon with about 400 people and he finished this morning around 3:30 AM!  There are only 30 players left to play at the final tables.  The cash prize is about $165,000! 

Here's the catch...at the last minute the sponsors of the event felt they did not have enough players, so they opened the series to professionals who are in town for the World Series of Poker!  CEOs from all over the country flew out to play poker and network with other company managers.  Then they all get blindsided with the fact that pros would be playing.  When the tournament started, it was about evenly divided between CEOs and professional poker players.  Now, Brandon is one of only 5 CEO's left!  I would imaging there were a few people who were pretty angry about buying plane tickets, hotel rooms, and spending money for the buy in only to find out they would be playing professionals!

So instead of NCO battling other CEOs, its Brandon against some of the World's best players at the final tables.  No pressure!

During all the excitement, Jon Thielen, Director of Business Development, was meeting with several Las Vegas condos as well as some projects in which we are buying units in bulk.  The bulk purchase model has proven quite successful for NCO with Las Vegas condo projects.  Due to the success of this business model, we are formerly launching the NCO Capital group to source more bulk purchase and debt/equity financing opportunities to builders.  Every condo developer we talk to needs money.  That is the number one component for obvious reasons.  Developers are always looking for funding at the best price possible so they can get their projects out of the ground.  Therefore, NCO is launching a new finance division to aid developers in their search for capital.

 More to come!