Express Financial Announces Dramatic Increase in Loan Applications Since Merger and Exposure to INTR Database of Shoppers.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)--Oct. 19, 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 ), reports a dramatic increase in loan applications since merging with INTR. Express Financial has been advertised by INTR as a featured service on the JoinUsOnline (JUOL) portal, another INTR subsidiary, which has exposed Express Financial to the JUOL member and customer base of over 15 million households and 500,000 businesses. ABOUT EXPRESS FINANCIAL Express Financial Corporation offers a comprehensive variety of commercial and residential loans. Much of its $250 million volume is achieved through its Internet presence at the JUOL site (JUOL access info below) and its own site at www.mortgagestogo.com. Express Financial has authority for online underwriting from both FANNIE-MAE and FREDDIE-MAC. This allows for loan approval within minutes. Specialty finance possibilities allow for such unique situations as loans without income or asset verification, VA and FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). mortgages and commercial loans of $500,000 to $2.5 million. ABOUT JOIN US ONLINE Join Us Online has been providing programs featuring discounted products, benefits and services to the affinity, fundraising, and business marketplace since 1990. The visitors that seek out the discounted products, services and benefits offered are members of these affinity, fundraising and business organizations who are now shopping at their organization's "private label" version of the JUOL site. The members of the organizations gain shopping access to their organizations discounted product portal because it was offered as a "perk perk 1 v. perked, perk·ing, perks v.intr. 1. To stick up or jut out: dogs' ears that perk. 2. To carry oneself in a lively and jaunty manner. " to become a member or to renew their membership in that organization. Even though the JUOL line is promoted at each one of these sites, the site is clearly identified by using the specific organizations name and logo. The member is now visiting/shopping at his organization's portal and getting big discounts because he is a member of that particular organization. JUOL has spent the past two years, and a great deal of resources, converting these programs to an Internet based model that is now open to all businesses that desire online exposure for their products or access to the JUOL line for their members. For a self-guided tour visit: http://demo.juol.com User ID: demo Password: tour ABOUT INTERACTIVE TECHNOLOGIES Interactive Technologies.com, LTD. (INTR) not only owns a major interest or 100% of the Express Financial and JUOL but also the following companies: 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; all synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. subsidiaries that complement each other. Express Financial www.mortgagestogo.com JoinUsOnline http://2000.juol.com IMS www.bank-card.com iTransact www.itransact.com Fatty Daddy www.fattydaddy.com UIT www.uworld.net Webclassified www.webclassified.net Investor information is available at www.intrinfo.com This release contains 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. 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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