Amstar Consolidation of Corporate Banking Division.HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; -- Amstar Mortgage Corporation, a subsidiary of Amstar Financial Holdings, Inc. (Pink Sheets:AFLH), announces the completion and successful integration of the Amstar's Mortgage Correspondent and Banking Division from their former Spring, TX offices into Amstar Mortgage's corporate office in Houston. Consolidating the office space within Amstar saves valuable resources while maintaining a full staff. "We expect to save an estimated $3500 - $4000 each month in overhead," said Robin Vale, Executive Vice President and CFO See Chief Financial Officer. . Cutting costs is not the only goal of this move to Houston offices. Amstar is looking to increase their banking efficiency and the communication in their organization as a whole. About Amstar Financial Holdings: Amstar's major subsidiary is Amstar Mortgage Corporation, a national mortgage banking and brokering company. Amstar currently employs approximately 700 people and is licensed to operate through branch offices in 31 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Statements regarding financial matters in this press release other than historical facts are "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 section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in 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. The company intends that such proclamations about the Company's future expectations, including future revenues and earnings, technology effectiveness and all other forward-looking statements be subject to the safe harbors 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. created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. |
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