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REMINGTON FINANCIAL GROUP ACQUIRES LOANS WORTH $9.2 MILLION

 REMINGTON FINANCIAL GROUP ACQUIRES LOANS WORTH $9.2 MILLION
 OKLAHOMA CITY, April 20 /PRNewswire/ -- Remington Financial Group Inc., (formerly Ideal Insurance Corp. of America), (Electronic Bulletin Board: RFGI), announced today that the company had signed a letter of intent with Unified Partners of Oklahoma City to acquire a loan portfolio of Resolution Trust Corp. (RTC) assets. The initial acquisition will be for assets valued at $9,200,000 in a stock for assets transaction. Remington Financial Group also announced that the company will attempt to acquire an additional $16,000,000 in loans from Unified Partners within the next 2-3 weeks.
 Remington Financial Group is currently working with auditors and expects to have audited financial statements issued within one week.
 -0- 4/20/92
 /CONTACT: Jerry Leathers of Remington Financial Group, 800-299-7264/
 (RFGI) CO: Remington Financial Group Inc. ST: Oklahoma IN: FIN SU:


MC -- DV006 -- 9929 04/20/92 10:02 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
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