Equitex Inc., the holding company for Atlanta-based First Teleservices Corp., said it has completed due diligence for its acquisition of First Bankers Mortgage Services Corp. of Fort Lauderdale, Fla.

First Teleservices is a financial services marketing company that mostly targets subprime borrowers.

The First Bankers deal is expected to close by Aug. 20, and Equitex said it expects to introduce First Bankers' on-line mortgage system n September.

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