Velocity Portfolio Group Inc. announced that it will file a Form 25 with the Securities and Exchange Commission and the NYSE AMEX. The Company anticipates that its common stock will be quoted in the over-the-counter market on the Pink Sheets in the near future. After weighing its various options and deliberating the benefits and detriments of continuing to be required to comply with the Exchange Act of 1934, the Company has concluded that shareholder value is best served by reducing the costs of public company compliance, the demands on management time, and the Company resources required to maintain its listed and registered status. While the Company's reporting obligations to the Securities and Exchange Commission will terminate when the Form 15 has been filed, the Company currently intends to continue reporting certain quarterly financial results, as well as its annual audited financial results, in press releases or other means of public dispersal.

Velocity Portfolio Group, Inc. reported earnings results for the second quarter ended June 30, 2009. For the quarter, the company reported net loss of $6.5 million, down from $298,414 net income for the same quarter the previous year.

Velocity Portfolio Group, Inc may have to raise funds. The company said, “In order to continue to execute our business plan and grow our consumer receivables portfolio, we will need to raise additional capital by way of the sale of equity securities or debt instruments. If, for any reason, our available cash otherwise proves to be insufficient to fund operations (because of future changes in the industry, general economic conditions, unanticipated increases in expenses, or other factors, including acquisitions), we will be required to seek additional funding.”