Home Financing Centers Discusses Recent Volume and Trading Activity.Business Editors NORFOLK, Va.--(BUSINESS WIRE)--Feb. 5, 2002 Home Financing Centers, Inc. (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) : HFCT HFCT High Frequency Communications Terminal ) has recently seen increasing activity after being dormant for some time. This activity can be partly attributed to the interest that Hathway & Company (H&C) has given to the company. H&C have helped facilitate the process in the search for a possible merger candidate to help launch HFCT into a new business arena. HFCT has seen increasing volume in the past month, moving from dormancy to a closing volume of about 650,000 yesterday. The stock has been trading between $.01 and $.05 in the past couple of weeks. William E.K. Hathaway, II said, " We are thrilled to watch the recent activity in our company's stock during the past month. It is finally finding a comfortable trading range Trading Range The spread between the high and low prices traded during a period of time. Notes: When a stock breaks through or falls below its trading range after several days of trading in a range, it usually means there is momentum (positive or negative) building. in which we will use as our springboard to build shareholder value." Home Financing Centers, Inc. was an Internet based mortgage lender. Recently, Home Financing Centers retained an investment banking firm to lead the turnaround of the company. The company has spent the recent months seeking a new merger candidate to move itself forward in a new and profitable direction. 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. Statement under 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 statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses and the ability of the Company to manage its operations. |
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