Thomas Michel, Johann Rudolf Schellenberg, National Financial Corporation and Novinvest Associated S.A. acquired ANC Holdings LLC from Claimsnet.com Inc. (OTCPK:CLAI) for $1.5 million on May 28, 2013. Thomas Michel, Johann Rudolf Schellenberg are from Switzerland. The cashless transaction allowed TransCoastal to eliminate $1.5 million in debt and other assets and liabilities associated with the medical claims processing subsidiary. The transaction is approved by both the Boards.

Thomas Michel, Johann Rudolf Schellenberg, National Financial Corporation and Novinvest Associated S.A. completed the acquisition of ANC Holdings LLC from Claimsnet.com Inc. (OTCPK:CLAI) on June 27, 2013.