P&M Corporate Finance Announces the Business Combination of the Non-Legal Operations of the Law Offices of David J. Stern, P.A., Professional Title & Abstract Company of Florida and Default Servicing Inc. (collectively 'DJSP') with Chardan 2008 China Acquisition Corp. ('Chardan')

Jan 20, 2010, 09:21 ET from P&M Corporate Finance, LLC

SOUTHFIELD, Mich., Jan. 20 /PRNewswire/ -- P&M Corporate Finance ("PMCF") is pleased to announce that it served as exclusive financial advisor to DJSP in a business combination with Chardan 2008 China Acquisition Corp. As a result of the transaction, the combined company is traded on the NASDAQ under the symbols DJSP, DJSPU and DJSPW.

DJSP is one of the largest providers of processing services for the mortgage and real estate industries in Florida and in the United States. The Company provides a wide range of non-legal processing services in connection with mortgages, mortgage defaults, title searches and abstracts, REO (bank-owned) properties, loan modifications, title insurance, loss mitigation, bankruptcy, related litigation and other services. The Company's clients include all of the top 10 and 17 of the top 20 mortgage servicers in the United States, many of which have been customers for more than 10 years. The Company has approximately 1,000 employees and is headquartered in Plantation, Florida, with additional operations in Louisville, Kentucky and San Juan, Puerto Rico. The Company's U.S. operations are supported by a scalable, low-cost back office operation in Manila, the Philippines that provides data entry and document preparation support for the U.S. operation.

David Stern, Chairman and CEO of DJSP, stated, "I am very happy that we were able to successfully complete the transaction with Chardan 2008. We at DJSP look at being public as an opportunity to continue our organic growth and to diversify our service offerings. I look forward to sharing our progress on these fronts with our investors."

Chardan Capital Markets served as exclusive financial advisor to Chardan 2008 China Acquisition Corp. 

About P&M Corporate Finance

P&M Corporate Finance, LLC is a middle market investment bank providing merger and acquisition advisory services to companies in North America and Europe. PMCF provides a broad range of services including sale advisory, acquisition advisory, capital raising, and strategic advisory. The firm has dedicated industry teams providing services to the business services, life sciences, industrials, and plastics and packaging industries. PMCF has offices in Chicago and Detroit. For more information, please visit www.pmcf.com.

SOURCE P&M Corporate Finance, LLC