American Residential Funding Begins Trading over the Counter.COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif. -- Vincent Rinehart, President & 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. of American Residential Funding, Inc., (AMRES) (Pink Sheets:ARFG), a nationwide mortgage banking and brokerage firm, announced today that it has begun trading as a publicly held company. Mr. Rinehart stated: "We are extremely pleased to begin this new chapter of growth and expansion for AMRES. This new public market opportunity will strengthen AMRES' business opportunities in mortgage banking." "AMRES is taking advantage of their years in the mortgage industry. Currently closing over $1.5 Billion annually in home loans as a broker, AMRES Mortgage Banking (a division of AMRES) will first be expanding their banking services to their own branch network"' said Rinehart. After the first of January, AMRES will roll out a wholesale loan program to other mortgage brokers. AMRES is a nationwide mortgage banker Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. and broker licensed to originate o·rig·i·nate v. 1. To bring into being; create. 2. To come into being; start. loans in over 30 states from over 100 branch locations. They are entering their eighth year in business. AMRES will remain a majority owned subsidiary of Anza Capital, Inc. (AZAC.OB) This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning 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 regarding future results of operations and market opportunities that are based on American Residential Funding's (AMRES) current expectations, assumptions, estimates and projections about the Company and its industry. Investors are cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of risks, competition and other factors. These factors, along with other potential risks and uncertainties are discussed in AMRES's reports, as well as the reports of Anza Capital, Inc., and other documents filed with the Securities and Exchange Commission. AMRES assumes no obligation to update the forward-looking information contained in this news release and encourages all potential investors to do their own due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and suitability analysis before any investment is made. |
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