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WORLD WIDE FINANCIAL DIVERSIFIES THROUGH ACQUISITION

 BIRMINGHAM, Mich., Nov. 29 /PRNewswire/ -- World Wide Financial Services, Inc. continues to diversify. First the residential mortgage lender extended its services to include commercial and multi-family loans, then the company established World Wide Home Lending, a non- conventional residential lending division. Now World Wide Financial will offer financial consultation through its purchase of Woodward Securities Corporation, a broker-dealer and member of National Association of Securities Dealers (NASD) and Securities Investor Protection Corp. (SIPC); and Woodward Advisory Corporation, an investment adviser, both in downtown Birmingham.
 Both companies will relocate to World Wide Financial's headquarters at 555 S. Woodward, also in downtown Birmingham. Woodward Securities Corporation and Woodward Advisory Corporation's staff will be retained including President Tom Fanning, who will head up the new division along with the current vice president, Jim Currier.
 "This acquisition will allow us to build on our current client base, and broaden our product and service offering," commented Jack Wolfe, president of World Wide Financial Services, Inc. "This represents World Wide Financial's next step in diversification. We intend to be the source for financial services -- not only in Michigan, but outstate as well." World Wide Financial currently has outstate offices in South Bend, Ind. and Baltimore.
 Management expects the transition to be complete by year-end. The transaction was consummated Nov. 12, 1993.
 World Wide Financial Services, founded in September 1990, is a full- service mortgage lending company headquartered in Birmingham. The company is reported as being the fastest-growing mortgage lender in Michigan with new offices in Bloomfield Hills, Farmington Hills, Troy, Sterling Heights, Brighton, St. Joseph, Grand Rapids and Holland. World Wide Financial also has offices in South Bend and Baltimore, and intends to expand nationally offering more diverse financial services. Additional expansion plans in Michigan include offices in Kalamazoo, East Lansing, Ann Arbor, Traverse City and Grosse Pointe in the months ahead. Expanding from the four original partners to a staff of more than 275 employees in three years, World Wide Financial Services has recently announced that the company's client portfolio exceeds $1 billion.
 Woodward Securities Corporation has nine Michigan offices and two outstate branches -- one in Salt Lake City, and the other on St. Simons Island, Ga.
 -0- 11/29/93
 /CONTACT: Susan Alexy of World Wide Financial Services, 313-647-1199/


CO: World Wide Financial Services, Inc.; World Wide Home Lending;
 Woodward Securities Corporation; Woodward Advisory Corporation ST: Michigan IN: FIN SU: TNM


KE -- DE009 -- 8184 11/29/93 10:11 EST
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Publication:PR Newswire
Date:Nov 29, 1993
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