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Chelsea Management Group Inc.: Chelsea Management Group Inc. Implements New Corporate Economic Restructuring
DENVER, CO (MARKET WIRE) Chelsea Management Group Inc. (PINKSHEETS: CLMP) (FRANKFURT: CS4) -- in an integral step of restructuring the company's corporate core business model -- is divesting the marketable liquidity of its wholly owned subsidiary Chelsea Financial Services S. DE RL. DE CV of Mexico. The decision was prompted by the continued sub prime collapse and the current credit and housing crisis. The subsidiary that provides a wide range of financial services such as mortgage lending, bridge financing to property buyers has become an economic burden to Chelsea Management Group. Since its inception in early