AMSE Announces Third Reverse Mortgage Alliance.Business Editors JUPITER, Fla.--(BUSINESS WIRE)--June 9, 2003 America's Senior Financial Services, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMSE AMSE American Museum of Science & Energy (Tennessee) AMSE Aircraft Maintenance Support Equipment (Canadian Forces) AMSE Advanced Mass Sender Enterprise ) announced today it has entered into a Reverse Mortgage alliance with a local multi-unit Federal Thrift. Continuing to execute its growth plan as discussed in prior releases AMSE will provide access to reverse mortgage products and back office support to the Bank's branch offices. Initial training has been completed. Management considers the potential of this alliance to be "significant" and has previously reported that in the coming twelve months the Company expects to increase its Reverse Mortgage business by 400% or more. Nelson A. Locke, AMSE CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented: "We are pleased to announce this additional new relationship as we continue to expand our reach into the important senior market. There are other significant developments underway regarding our traditional forward mortgage platform, and our wholesale operation. AMSE is moving forward on all fronts. All our filings are up to date and can be readily viewed at www.edgar.com. Go take a look for yourself." CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. from civil litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. for forward-looking statements. This news release contains forward-looking statements that reflect the Company's current views as to future events and financial performance with respect to its operations. Since these statements are based on results for a portion of the current fiscal quarter they are subject to risks and uncertainties that could cause actual results for the quarter to differ materially from those set forth in this news release. Factors that might cause such a difference include the possibility of lower revenues for the balance of the fiscal quarter, greater than anticipated operating costs, issuance of additional shares, the outcome of litigation, the decline of availability of mortgages at reasonable rates, and a downturn in general economic conditions. These forward-looking statements speak only as of the date made. We undertake no obligation to update any forward-looking statements to reflect events or circumstances arising after the date on which they are made. To contact Investor Relations Investor relations The process by which the corporation communicates with its investors. , email the Company at info@americassenior.com. The Company's web addresses are http://www.americassenior.com and http://www.jupiter-mortgage.com |
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