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REMINGTON FINANCIAL GROUP ENTERS FINANCIAL SERVICES INDUSTRY

 REMINGTON FINANCIAL GROUP ENTERS FINANCIAL SERVICES INDUSTRY
 OKLAHOMA CITY, April 16 /PRNewswire/ -- Remington Financial Group Inc. (formerly Ideal Insurance Corp. of America), (Electronic Bulletin Board: RFGI), announced today the company's decision to expand into the financial services industry. This expansion will be accomplished by acquiring assets from the Resolution Trust Corp. (RTC) and other private companies currently servicing and collecting these RTC assets.
 Remington Financial Group has entered into formal negotiations with Unified Partners of Oklahoma City to acquire an RTC loan portfolio. Tentatively, the acquisition will be a stock for asset exchange. A letter of intent should be forthcoming within a week to ten days.
 The board of directors of Remington Financial Group, is pleased with the progress being made on this acquisition and believes that this new opportunity will greatly benefit the company and its shareholders.
 -0- 4/16/92
 /CONTACT: Jerry Leathers of Remington Financial Group, 800-299-7264/
 (RFGI) CO: Remington Financial Group Inc. ST: Oklahoma IN: FIN SU:


MC -- DV011 -- 9458 04/16/92 16:00 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
Words:170
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