An unknown buyer made an offer to acquire Velocity Portfolio Group, Inc (OTCPK:VPGI) for $4.6 million in cash on April 27, 2015. Under the transaction, the buyer will purchase all of the outstanding shares of common stock, and all of the outstanding shares of preferred stock of Velocity Portfolio Group at a price of $1.40 per share for common stock and $2.40 per share for preferred stock. The tender offer will be funded with cash from a dedicated funding source.

The tender offer will be conditioned upon a minimum number of shares being tendered, which amount will be set forth in the offer and will be subject to other customary conditions. The buyer expects that the tender offer will expire on May 26, 2015 unless it is extended or withdrawn. Morrow & Co.

will act as the information agent for the tender offer and Continental Stock Transfer & Trust will be the depositary.