AmeriNet Financial Systems leases space in Denver for National Transaction Center.DENVER--(BUSINESS WIRE)--August 20, 1996-- State-of-the-Art Processing Facility Will Employ Over 100; Annual Loan Capacity Estimated at $5 Billion AmeriNet Financial Systems, Inc. (OTC-BB: ANFS), which combines advanced technology and personal contact to reduce the cost and stress of purchasing real estate by providing information and advice to consumers, announced today that it has leased 21,000 square feet of space near the Denver Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. Tech Center for its state-of-the-art National Transaction Center. The 5-1/2 year lease contains options for AmeriNet to double the size of the facility. The National Transaction Center will become fully operational in early September and anticipates hiring over 100 people within the next 12 months. When the National Transaction Center is operating at full capacity, AmeriNet expects to be able to process over 4,000 mortgage loans per month, or an estimated $5 billion in loan volume annually. The new AmeriNet facility will be the hub of a network that uses an advanced computer videoconferencing A real time video session between two or more users or between two or more locations. Although the first videoconferencing was done with traditional analog TV and satellites, inhouse room systems became popular in the early 1980s after Compression Labs pioneered digitized video systems system to link trained financial service representatives in Denver with consumers in participating real estate offices the point of sale for home purchases. Customer service representatives in broker offices will assist consumers in their live consulting sessions with the Denver-based specialists. The system uses high speed digital ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. telephone lines and a proprietary user interface to assist consumers in obtaining information about mortgages, title insurance and other home purchase-related services by discussing their options with knowledgeable specialists in real time. "Denver offers several important advantages to a 'people-oriented' business like ours," said Eric Cunliffe, Executive Vice President of AmeriNet and General Manager of the National Transaction Center. "We looked at several other major cities and chose Denver because it has a stable labor force with an outstanding work ethic work ethic n. A set of values based on the moral virtues of hard work and diligence. work ethic Noun a belief in the moral value of work in addition to excellent transportation and telecommunications facilities In telecommunication, the term facility has the following meanings: 1. A fixed, mobile, or transportable structure, including (a) all installed electrical and electronic wiring, cabling, and equipment and (b) all supporting structures, such as utility, ground network, ." John J. Pembroke, Chairman and Chief Executive Officer of AmeriNet, commented, "The National Transaction Center is the nerve center of a system that combines state-of-the-art technology and the personal touch to bring timely and unbiased information to consumers in a useful and user-friendly way. This concept is designed to change the way consumers will finance housing and purchase home-related goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . "Establishing our National Transaction Center in Denver is another milestone for AmeriNet," Pembroke added. "Earlier this month we announced an important strategic achievement an agreement to acquire the Real Estate Television Network (RETN RETN Real Time Network RETN Return from Nmi ) from Jones Naughton Entertainment, Inc. RETN, which is the real estate industry's first satellite broadcasting network with digital transmission capability, will help us communicate more effectively with home buyers and real estate professionals and will create an opportunity for direct advertising of home owner-related products and services." AmeriNet's service centers, which are located in real estate offices, provide point-of-sale access to unbiased, vendor-neutral information about mortgages and a wide range of real estate-related services. The AmeriNet system is currently operating in real estate offices in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, and the Pacific Northwest. CONTACT: MWW/STRATEGIC COMMUNICATIONS, INC. Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most - (201) 507-9500 Media: Rob Swadosh (rswadosh@mww.com) Investors: Ron Stack (rstack@mww.com) Carolyn Bancone (cbancone@mww.com) or AMERINET FINANCIAL SYSTEMS, INC. 3400 Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. Boulevard Ontario, CA 91764 |
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