MIAMI, FL--(Marketwire - November 5, 2009) - Expert Group, Inc. (PINKSHEETS: EXPU), a
financial Lending Institution specializing in Home and Commercial Real
Estate Loans, is pleased to announce 3rd Quarter results.
Total revenues were $305,502.56 for the quarter ended September 30, 2009,
which compares to total revenues of $85,303.76 for the quarter ended
September 30, 2008, a 258.13% increase.
The Company recorded net income of approximately $187,192.17 or $.0044
earnings per share, for the quarter ended September 30, 2009. This
represents a 350% increase when compared to total net income for the
quarter ended September 30, 2008.
Robert Rico commented: "We are very pleased with the fiscal growth that we
have realized and continue to realize here at Expert Group. The above
revenue and income numbers do not take into account that we have recently
expanded operations by opening 2 new locations as well as doubled the size
of our staff of originators. We project to see those new location numbers
be a significant increase to our 4th quarter 2009 revenues. Some
contributing factors to the increase in revenues and net income were
Increases in originators and originations, Acquiring FHA license in 2009,
Partnering with several new banks."
Robert Rico continued: "Our plan is to expand our services by opening
multiple locations. Such locations will be a community bank type of store
front in highly populated areas. We plan to open new locations and expand
to over 400 originators in 2010. In today's marketplace there is a great
environment to create an infrastructure to be the leader in retail mortgage
lending, taking the opportunity created by the government's assistance to
banks with funds to make loans more readily available."
CEO Robert Rico concluded: "I firmly believe our strongest quarter in 2009
will be the fourth quarter. On Nov 16, 2009 We Celebrate the Grand Opening
of Our Bal Harbour Location. The City will present us with a Ribbon cutting
ceremony as well as The Proclamation Award. We launched a marketing
campaign with Clear Channel. Expert is working in creating the proper
scenario to brand itself as the 'go to' firm for all your real Estate
lending needs."
About Expert Group, Inc.
Expert Group, Inc. markets a variety of financial products and services
through Expert Financing & Investments; Expert is licensed by the
Department of Financial Regulations and a member of FAMB, FHA and VA
Lender.
About Expert Financing:
Expert Financing offers up-to-date loan programs tailored to all borrowers'
needs, specializing in Fannie Mae, Freddie Mac, FHA, conventional and
non-conventional loans of all sizes. Let Expert Find The right Loan for
you.
Certain statements in this release and the attached corporate profile that
are not historical facts are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
statements may be identified by the use of words such as "anticipate,"
"believe," "expect," "future," "may," "will," "would," "should," "plan,"
"projected," "intend," and similar expressions. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause the actual results, performance or achievements of the
Company to be materially different from those expressed or implied by such
forward-looking statements. The Company's future operating results are
dependent upon many factors, including but not limited to the Company's
ability to: (i) obtain sufficient capital or a strategic business
arrangement to fund its expansion plans; (ii) build the management and
human resources and infrastructure necessary to support the growth of its
business; (iii) competitive factors and developments beyond the Company's
control; and (iv) other risk factors.
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact:
Expert Group, Inc.
www.ExpertFinancing.net
www.Expertgroupblog.com
Or call:
305-949-LOAN (5626)