VERUS INTERNATIONAL SIGNS $13.5 MILLION CREDIT INSURANCE POLICY; SELLS OUT FIRST RUN OF MLB ICE CREAM
VERUS INTL INC (VRUS)
Company Research
Source: GlobeNewswire
Gaithersburg, MD, Aug. 26, 2019 (GLOBE NEWSWIRE) -- Verus International, Inc. (“Verus” or the “Company”) (OTCQB:VRUS) is pleased to announce that it has procured $13.5 million in credit insurance from Euler Hermes, the global leader in trade credit insurance, surety, and related risk services. This new agreement will cover both international and domestic business. Credit insurance coverage protects businesses from non-payment of commercial debt and removes a key element of trade risk by guaranteeing that all qualified invoices are paid. This policy will provide multiple benefits by protecting Verus and its vendors from the possibility of non-payment by end customers; while also giving Verus the ability to extend credit to current accounts and pursue new, larger customers. This type of insurance is a particularly important competitive advantage for exporters who cross international borders as part of their supply agreements. “Euler Hermes has been in business for more than 100
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