LienLogic, Inc. Completes The Acquisition of Edison Tax Services from Plainfield Asset Management

May 19, 2011

W.G. Nielsen & Co., a leading investment banking firm headquartered in Denver, announced that it acted as financial advisor to LienLogic, Inc. in the acquisition of the assets of Edison Tax Services from the New Jersey based investment fund, Plainfield Asset Management, LLC. Terms of the agreement were not disclosed.

LienLogic, Inc. is a real estate tax lien management company founded in January 2008. The Company, located in Colorado Springs, CO, was originally organized to provide an array of services to participants in the real estate tax lien industry through the development of a website providing news, information and advice on purchasing/acquiring and investing in tax lien certificates (TLC's) and tax deeds. In 2009, the Company refocused its efforts to acquire real estate tax liens for its own investment portfolio. LienLogic initially focused TLC purchases in Colorado and Indiana, but has expanded their activities to Maryland, DC, New Jersey and Mississippi with additional markets under review. The Company’s portfolio consists largely of residential TLC’s, but also includes commercial, multi-family, townhouse, condo and a very limited amount of raw land.

Looking forward, LienLogic intends to expand its portfolio acquisitions and manage portfolios for third-party investors (private and institutional). LienLogic also intends to establish a web-enabled source of information for tax lien investing, create a trading platform or exchange for a secondary market in what has been considered a largely fractured market and provide additional value-added services to participants in the tax lien market.

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