Express Financial, an INTR Company, Reports Record Number of Commercial Loan Applications, Predicts Vast Commercial Growth in Downtown Miami.Business Editors DELRAY BEACH Delray Beach, resort city (1990 pop. 47,181), Palm Beach co., SE Fla., on the Atlantic coast; settled 1895, inc. 1911. Mostly residential, Delray Beach is also the trade center for a citrus-fruit and vegetable-growing region. , Fla.--(BUSINESS WIRE)--Dec. 15, 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 it has received to date a record number of commercial loan applications. Since Express Financial has provided financing for a number of commercial projects in Miami their research confirms that the pervasive trend is to be located in the downtown market. They further observe that businesses are starting to position themselves downtown and prices are rapidly moving up. Express Financial recently announced that their commercial closings this year have surpassed the $50 million mark. Additionally, the record number of new applications received for commercial loans that are expected to be closed in the first half of 2001 will far outpace out·pace tr.v. out·paced, out·pac·ing, out·pac·es To surpass or outdo (another), as in speed, growth, or performance. outpace Verb [-pacing, the year 2000 and will exceed $72 million. Management estimates that if this trend continues total commercial loan closings for fiscal 2001 will reach $250 million. www.mortgagestogo.com RECENT MERGER WITH INTERACTIVE TECHNOLOGIES Express Financial is now a wholly owned subsidiary of Interactive Technologies.com. Ltd. Interactive Technologies is a leading provider of high-technology Internet and e-commerce business solutions and owns Express Financial along with a variety of complementary subsidiaries including: JoinUsOnline, Integrated Merchant Services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or , iTransact, Fatty Daddy, United Interactive Technologies, and Web Classified. 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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