Artec Global Media Launches Student Loan Division

SAN DIEGO, Oct. 7, 2014 /PRNewswire/ -- Artec Global Media, Inc. (OTCQB: ACTL), an emerging, vertically integrated marketing firm providing affiliate marketing, publishing and strategic consulting solutions, today announced the launch of its student loan consolidation division. Through direct mail, online advertising and call centers, Artec will help consumers navigate the complexities and nuances of consolidating student loans, reducing monthly payments and improving the credit for consumers and addressing what many call the most significant and burgeoning debt crisis in the country today.

As of September 2014, there are an estimated 42 million Americans with Federal student loan debt totaling more than $1.2 trillion. Each year going forward, it is estimated that an additional two million will graduate from colleges and universities, and more than 60% of these graduates will have Federal student loan debt, averaging more than $30,000 per individual. 

"The massive and growing burden of student loan debt is impacting the economy in many ways, and Artec is committed to providing solutions to address this problem,"  commented Caleb Wickman, Artec's Founder and Chief Executive Officer. "Students graduate and enter a challenging job market and immediately face significant monthly payments from these loans. These loans can make it challenging to get a mortgage or afford a car. It is estimated that three quarters of the 42 million Americans who have student loan debt need help, and are qualified for help and benefits. This is a massive market opportunity, and Artec is in a position to help millions of Americans find relief with their Federal student loans. Over three years of development, Artec has designed best-in-class technology, marketing, processing and compliant programs to help millions of individuals for many years to come."

Artec has designed a program that provides consumers unrivaled service at an industry low fee.  Artec will guide consumers, step-by-step, through the complicated consolidation process. Recent reforms by the Federal Government have created various options for consumers to consolidate student loans and arrange affordable payment programs. Artec will help consumers identify which programs they qualify for, and provide unbiased advice to select the best available program. Artec will then help these consumers complete the process.

The Consumer Financial Protection Bureau (CFBP), the entity that oversees this industry, has stated that 75% of all Americans with Federal student loan debt can benefit from enrolling in a Direct Consolidation Program offered through the Department of Education. These programs were created in 2007, but to date fewer than 5% of the 42 million Americans have participated and enrolled in such programs, due to the cumbersome Federal web sites, lack of explanatory information and little marketing about these programs.

"This confusion creates an opportunity, and more importantly, a need," added Mason Yamashiro, Director of Artec's Student Loan Division. "We believe this is an opportunity not only to generate revenue and profits for Artec, but also to help people."

Artec has contracted JPGlobal Communications Inc. to manage a bi-lingual call center located in Tijuana.

"This call center agreement provides Artec with significant tracking capabilities and oversight at an extraordinary price," added Mr. Wickman. "Artec's ability to provide robust marketing services to drive consumer interest, coupled with the large and growing demand for solutions to address the growing student loan debt, creates a significant opportunity for Artec."

We expect to initiate marketing programs, with plans to double the business and invest for growth through the balance of 2014.

About Artec Global Media, Inc.

Artec Global Media, Inc. ("Artec", "the Company", "we" or "us") is a vertically integrated marketing firm that provides affiliate marketing, publishing and related professional services focused on developing and executing comprehensive strategies and programs that supports customer business goals. The Company offers a comprehensive suite of online marketing and reporting solutions, including lead gen (prospect email, performance display, mobile marketing), performance media (PPC, SEO, social media, retargeting) and affiliate marketing, as well as other related web services. For more information go to www.artecglobalmedia.com.

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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. This document includes "forward-looking statements" within the meaning of the securities laws. The words "may," "could," "should," "estimate," "project," "forecast," "intend," "expect," "anticipate," "believe," "target," "plan," "providing guidance" and similar expressions are intended to identify information that is not historical in nature.

This document contains forward-looking statements. All statements, other than historical facts, including, but not limited to: the expected benefits of the transaction such as improved operations, growth potential, market profile, the competitive ability and position of Artec Global Media, Inc. (or the "Company") and any assumptions underlying any of the foregoing, are forward-looking statements. Such statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. You should not place undue reliance on such statements. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, factors as detailed from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including Artec Global Media's Annual Reports on Form 10-K for the year ended January 31, 2012, and Quarterly Reports on Form 10-Q for the quarter ended October 31, 2013, and in other materials that have been filed by Artec Global Media, which are available on the SEC's web site (www.sec.gov).

All forward-looking statements contained in this document and the documents referenced herein are made only as of the date of the document in which they are contained, Artec Global Media, Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

CONTACT:
Brett Maas, Managing Partner
Hayden IR
(646) 536-7331
[email protected]

SOURCE Artec Global Media, Inc.