America's Senior Financial Services (AMSE) Announces Preliminary 1st Quarter Results.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. LAKES, Fla.--(BUSINESS WIRE)--April 9, 1998--In a report made to the directors of America's Senior Financial Services (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AMSE AMSE American Museum of Science & Energy (Tennessee) AMSE Aircraft Maintenance Support Equipment (Canadian Forces) AMSE Advanced Mass Sender Enterprise ) , company President Nelson Locke announced that first quarter 1998 sales exceeded 1997 results by 33%. The sales increase matched the growth projections set for the firm. The company had previously announced that it intends to expand its Reverse Mortgage marketing in 1998, increasing gross revenues in the process. (BW-2/17/98) Locke said: "We are pleased with consumer response to recent marketing. We direct mailed to over 700,000 seniors, and they have reacted as we expected. Our `pipeline' of new reverse mortgage inquiries is increasing. America's Senior has developed a unique process of consumer education and loan delivery, and it is working well. We found a way to make a complex product easy to understand." America's Senior (AMSE) specializes in arranging "Reverse Mortgages" for senior citizens. The company has been in business since 1990, and recently began trading its shares on NASDAQ's OTC-BB under the symbol AMSE. Reverse Mortgages are approved by HUD and Fannie Mae (NYSE NYSE See: New York Stock Exchange :FNM) and have been endorsed by the AARP as a viable source of retirement cash flow. The company has counseled thousands of potential clients about these products, and has plans to market them nation wide. -0- This release contain forward-looking statements made pursuant to the safe harbor provisions of 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. These statements involve risks and uncertainties that could cause actual results to differ materially. Web: www.valuefinancial.com/E-Mail: nlocke@valuefinancial.com CONTACT: America's Senior Financial Services Inc. Nelson A. Locke, 305/828-2599 (Fax) 305/556-8640 |
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