Success Financial Services Group Initiates National Mortgage Broker Acquisition Campaign.Business Editors & Real-Estate/High-Tech Writers ROUND ROCK, Texas--(BUSINESS WIRE)--May 6, 2002 Success Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Group Inc. (Pink Sheets:SFSG SFSG Special Forces Support Group (British paramilitary police force) SFSG So Far So Good SFSG San Francisco Scooter Girls (San Francisco, CA) ), a top 100 company nationwide in the loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and seller-originated mortgage industry and a leading provider of sales automation Sales Automation - Sales Force Automation and productivity software, today announced the signing of a letter of intent to acquire 100% of the ownership interest in a regional mortgage brokerage company. SFSG entered into a letter of intent with the acquisition company on May 2, 2002, which allows for SFSG to acquire all ownership interest in a regional mortgage broker currently originating an average of 200 mortgages per month. The acquisition company has a seasoned management team with a proven track record of success with offices in the northern Midwest Midwest or Middle West, region of the United States centered on the western Great Lakes and the upper-middle Mississippi valley. It is a somewhat imprecise term that has been applied to the northern section of the land between the Appalachians . SFSG started as a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation in 1994 and became a public company in 2001. The goal is to build a mortgage brokerage and banking institution that will offer world-class mortgage lending services for the overall market. The strategy is to build, through acquisition, a solid standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. mortgage brokerage infrastructure to complement the standardized mortgage-banking infrastructure. From this platform, SFSG will launch a national acquisition and marketing campaign. "This acquisition will provide the foundation for all additional mortgage brokerage acquisitions by SFSG. SFSG is extremely pleased with the opportunity to build its mortgage brokerage business under such an experienced management team," stated Robert Leonetti, Chairman and President of SFSG. About SFSG Success Financial Services Group Inc. (Web site at www.successfinancialservices.com) is a mortgage banking company based in Round Rock, Texas. The company provides financing for real estate transactions and to buy and sell mortgages on the secondary market. Since its initial years in the mortgage business, SFSG has tripled the size of its mortgage operation by branching into other lending areas, including retail loan originations and wholesale funding to other companies. 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. : The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The word "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements which speak only to the date the statement was made. SFSG undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. |
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