quote:Originally posted by qwame: Looking up for a change.
I'd be careful of this stock. I checked out their business history on Reuter's. They've changed their business plan about 4 times in the last 3 years. Not saying it may not be due for a run, but company seems like it's still finding its way.
They had good news like 3 weeks ago without any effect. I hope this PR does better. GLA.
Real Estate Commissions Reach Record Levels! *** CARSON CITY, Nev., Oct. 4 /PRNewswire-FirstCall/ -- Palomar Enterprises, Inc. (OTC Bulletin Board: PALL) has finished the 3rd quarter with the highest real estate/mortgage commissions generated in The Company's history. With the recent expansion of the real estate and mortgage loan division, The Palomar Group d.b.a. is quickly increasing market share in the highly competitive Southern California real estate market. The Company's revenue is approaching $700,000 for the three quarters ending September 30, 2004 vs. revenue of $1,532 for the same period last year. The Company has moved the real estate division to the recently purchased offices in Carlsbad, Ca. in order to double the personnel and increase revenue and potential earnings. From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated. www.palomarenterprises.com SOURCE Palomar Enterprises, Inc. -0- 10/04/2004 /CONTACT: Palomar Enterprises, Inc., +1-775-887-0670, firstname.lastname@example.org/ /Web site: http://www.palomarenterprises.com / (PALL) CO: Palomar Enterprises, Inc. ST: Nevada IN: RLT OTC SU: