Express Financial, an INTR Company, Estimates 2001 Loan Closings Worth $250 Million.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Dec. 7, 2000 Express Financial Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Interactive Technologies.com, Ltd. (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) :INTR INTR Interior intr Intransitive (verb type) INTR Intruder INTR Intermittent INTR Intrude INTR Interrupt Request ) announced today that commercial closings this year have exceeded $50 million. Currently, the commercial loans expected to be closed in the first half of 2001 exceeds $72 million. Management estimates total commercial loan closings for fiscal 2001 will reach $250 million. www.mortgagestogo.com Express Financial Corporation is a 19-year-old, nationally licensed mortgage lender headquartered in Boca Raton, FL. The company has branch offices throughout the Eastern U.S. As a correspondent to over 70 investors, Express Financial offers residential and commercial loans, first and second mortgages, commercial and construction loans, bridge loans, numerous specialty financing programs, and foreign national programs. APPROVED FOR ONLINE UNDERWRITING Express Financial is a fully licensed and approved lender for FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). , VA and Title-1 loans. Specialty finance possibilities allow for loans without income or asset verification, VA and FHA mortgages and commercial loans for as much as $2.5 million. Express Financial has been granted approval for online underwriting from both FANNIE-MAE and FREDDIE-MAC. This allow for Express Financial to get/give loan approval within minutes. In processing applications, the experienced staff at Express Financial uses state-of-the-industry software and online communications that allow for these most expeditious ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex transaction times. CROSS-MARKETING SERVICES THROUGH INTR SUBSIDIARIES Interactive Technologies.com, LTD. (INTR) is cross-marketing the Express Financial services through its other subsidiary's members and customer base as well as the general public via the Internet. Interactive Technologies.com, Ltd. is a leading provider of high-technology Internet and e-commerce business solutions and owns a variety of complementary subsidiaries including: JoinUsOnline, Integrated Merchant Services, iTransact, Fatty Daddy, United Interactive Technologies, and Web Classified; all synergistic subsidiaries that complement each other. JoinUsOnline http://2000.juol.com IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. www.bank-card.com iTransact www.itransact.com Fatty Daddy www.fattydaddy.com UIT UIT Union Internationale des Télécommunications UIT Unit Investment Trust UIT Ultraviolet Imaging Telescope UIT União Internacional das Telecomunicações (Portugal) UIT University of Information Technology www.uworld.net Webclassified www.webclassified.net Investor information is available at www.intrinfo.com This release contains forward-looking statements which are based on current information available to management and which are subject to other important factors disclosed, including specifically, among other factors, changing market and economic conditions. |
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