Amstar Financial Services Reports on ``Business-to-Business'' Platform Lending Agreements.Business Editors JUPITER, Fla.--(BUSINESS WIRE)--Dec. 5, 2003 Amstar Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMAF AMAF ASEAN Ministers on Agriculture and Forestry AMAF American Medical Association Foundation AMAF Arab Muslim American Federation AMAF And My Amazing Friends (gaming clan) AMAF Automated Message Accounting Frame ) updates progress made developing the Company's "business-to-business" platform. As of Wednesday, December 3, 2003 the following lending agreements are in place or in process. The lending agreements in place are starting to produce business now. The lending agreements in process are expected to be finalized during the first quarter 2004 and begin contributing revenue shortly thereafter. Florida - Palm Beach FSB #1 - lending agreement in place. Florida - Palm Beach FSB #2 - lending agreement in place. Florida - Miami FSB - lending agreement in place. Montana - FCCU - lending agreement in place. Montana - BFCU - lending agreement in place. Montana - TCFCU - lending agreement in process. Montana - MCFCU - lending agreement in process. Colorado - "Home Builder" - legal review in process. Amstar does not believe it would be prudent to identify institutions by name, as the market for these services can be highly competitive. On occasion, shareholders have commented that they desired more specifics. The Company believes that doing so might empower competitors and therefore is not in our shareholder's best interests. 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 regarding an update on our progress regarding business-to-business lending agreements. This information could change at the end of the year if we are unable to finalize some of the pending lending agreements. Other factors that might cause the Company's results to change include the possibility of lower revenues for the balance of the fiscal year, greater than anticipated operating costs operating costs npl → gastos mpl operacionales , lack of closure on anticipated funding, issuance of additional shares, the outcome of litigation, the decline of availability of mortgages at reasonable rates or a downturn in general economic conditions. This information speaks 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, http://www.synergy-mortgage.com and http://www.jupiter-mortgage.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion