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Equus Resources, Inc. Led by Strong Senior Management.

ATLANTA -- Equus Resources, Inc. (OTC:EQUR or EQUR.PK) ("Equus") takes this opportunity to introduce its senior management to the public. Equus believes that one of its greatest strengths is the quality of its senior management group, measured in terms of expertise, experience and dedication. The top five executive officers of Equus have more than 150 years' combined experience in managing public companies, mortgage and insurance operations, multi-state licensing and regulatory matters, debt and equity financing activities, large and diverse work forces, and aggressive growth programs. All of them own stock in Equus and manage from a "pride of ownership" perspective. Moreover, the compensation of the senior management of Equus, as with all other Equus employees, is performance-oriented.

The CEO, Chairman of the Board of Directors and of the Equus Acquisitions Team is Steve Cunningham. Steve is 52 years of age and is a securities attorney who practiced law in Atlanta, Georgia with major law firms for 22 years. During those years, he specialized in public offerings, mergers and acquisitions, international transactions and finance. Steve was integrally involved in more than 60 public offerings, more than 100 mergers and acquisitions, and in various debt and equity financings totaling more than one billion dollars. Steve left the practice of law in 1999 to become General Counsel and Senior Vice President in charge of Mergers and Acquisitions for a publicly traded mortgage and real estate development company based in Atlanta, Georgia. He has served as a director and legal and business consultant for many public and private companies. Steve graduated with honors from Harvard Law School in 1977 and with highest honors from the University of Alabama in 1974. He is a member in good standing with the State Bar Associations of Georgia and Texas and early in his legal career was awarded the highest possible attorney rating of "A.V." (very high to preeminent) under the well-known Martindale-Hubbell rating system for ethics, legal ability and professional standards.

Randy Harris, age 53, is a director and President of the Company. He also heads the Equus Marketing Team. Randy's responsibilities include general supervision of mortgage and insurance operations, including marketing Equus and its products and services and the recruitment of mortgage loan officers and insurance agents. He also works closely with the CEO in implementing the Company's aggressive growth plan. Immediately prior to joining Equus, Randy was President of a real estate development company based in Atlanta. During the four years prior to holding this position, he served as the National Marketing Director for three different companies: a large, Florida-based, privately held mortgage company owned by a national title insurance company; a Georgia-based public mortgage and real estate company with operations in 32 states; and a Florida-based mortgage company with operations in 25 states. While serving as the National Marketing Director of Accent Mortgage, Randy supervised the marketing department which recruited and signed over 200 branch offices in 200 days. Mr. Harris is also a 30-year licensed insurance agent and was named the 2003 Georgia Businessman of the Year by the Republican National Committee. He has founded and successfully managed 10 companies during his career.

Ahmed Zaki, age 53, is the Company's Chief Financial Officer. He is responsible for general supervision of finances and accounting for the Company, including oversight of the Company's outside auditors. Ahmed is also a member of the Equus Acquisitions Team. Ahmed is a Certified Public Accountant and, for the past 19 years, he has been the principal owner of the accounting, tax and financial consulting firm of Ahmed H. Zaki, C.P.A., P.C., a firm of 5 accounting professionals with offices in Duluth, Georgia (a suburb of Atlanta). A graduate of the University of Cairo, Egypt, he was employed for several years as an auditor in the Atlanta office of Ernst & Young. Additionally, Ahmed worked for five years with American Security Insurance Company, a leading property and casualty insurance company and a member of Assurant, Inc. (formerly Fortis, Inc.), a New York Stock Exchange Company which is a leading provider of insurance products and services. His last position with that company was as Cost Allocation and Budget Manager. Ahmed is both a Registered Representative and a Registered Adviser with the National Association of Securities Dealers ("NASD") and holds licenses for marketing and selling life, accident and sickness as well as variable annuity insurance products. Ahmed is a member of the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants.

Laci Cash, age 48, is the Chief Operating Officer of Team One Mortgage Services, Inc., the Company's mortgage subsidiary. She is also a member of both the Equus Acquisitions Team and the Equus Marketing Team. Laci is responsible for supervising corporate managers and branch operations. She has 24 years' experience in the mortgage industry. From July 2000 until she joined the Company in 2003, Laci served as a Branch Manager for Sunshine Mortgage Corporation, the second largest mortgage operation in Atlanta. Laci built the branch from zero production to one of the top three branches in the Sunshine organization. From May 1997 through July 2000, Laci was a branch manager for GMAC Mortgage in Roswell, Georgia. Prior to her employment with GMAC, she was a branch manager for Ryland Mortgage. In her peak year as a loan officer, Laci's mortgage loan originations exceeded $30 million. She has directly supervised 50 loan officers.

Jay Warman, age 61, is the Chief Operating Officer of Team One Insurance Services, Inc., the Company's insurance subsidiary. Jay is responsible for managing and building insurance operations. He is also a member of the Equus Acquisitions Team and the Equus Marketing Team. Jay is a 32-year veteran of the insurance industry. From 2002 until 2004, he was involved in sales and Quality Assurance for EBIX, Inc., a developer and distributor of Agency Management Systems for the insurance industry. For the previous 30 years, from 1972 until 2002, he was employed by Sentry Insurance, where he rose in the ranks from a single office sales representative to Director of Sales for the Mid-Atlantic Division and the Southeast Division. Jay holds licenses for Property Casualty, Accident and Health Insurance and has earned the CPCU (Chartered Property & Casualty Underwriter), ARM (Associate in Risk Management, CIC (Certified Insurance Counselor) and AAI (Accredited Advisor in Insurance) industry designations. He is a graduate of Temple University Technical Institute with a degree in Chemical Engineering Technology.

About Equus Resources

Headquartered in Roswell, GA, Equus Resources is committed to changing the financial services industry to the benefit of the consumer. Equus refuses to settle for the "business as usual" approach of poor to mediocre customer service, dealing with multiple companies for mortgage and insurance needs, and lengthy delays and mounds of paperwork required to close a mortgage. Through our subsidiaries, Team One Mortgage Services and Team One Insurance, Services, we provide our clients a one-stop-shop financial services solution by offering a broad range of mortgage and insurance products that aim to meet the needs of virtually all consumers. Equus believes that, as a single company examining all of a customer's financial needs, wants and resources, it can best serve its clients' immediate and long-range financial objectives. Furthermore, our goal is to close our loans in 10 days or less using a streamlined process, as compared with the national average of 32 days, and to do so for all borrowers, not just those with perfect or near perfect credit courted by most of our competitors. For more information, please visit us at


Forward Looking Statements:

Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the Company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgment of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties, including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, the receipt of revenues, and other factors, many of which are beyond the control of the Company. The Company disclaims any obligation to update information contained in any forward-looking statement.
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Publication:Business Wire
Date:Nov 19, 2004
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