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This stock was down big time yesterday on huge volume which is why the CEO issued this PR. Looks like it could bounce back some today.
Reward Enterprises CEO Issues Statement Regarding Recent Activity of the Company's Stock 1/19/2005 3:57:00 PM HOUSTON, Jan 19, 2005 (BUSINESS WIRE) -- Reward Enterprises ( RWRD ), a diversified financial services company specializing in sub-prime consumer lending, issued the following statement from its CEO Jeff Fisher:
"We are not aware of any material event that could have impacted today's drastic increase in volume and selling pressure on our common stock. Our business plan remains on course, and includes evaluating potential acquisition targets in the financial services industry that strengthen our position in the sub-prime lending market."
About Consumers Choice Financial Services Inc.
Consumers Choice is a consumer financial services company with operations in consumer debt-acquisition and many facets of sub-prime consumer lending. Based in Houston, Consumers Choice has an aggressive growth and expansion plan that includes a bank charter for issuing credit cards to targeted sub-prime consumers. For more information, visit www.consumerschoicefinancialservices.com.
Disclaimer: OTC InvestorFacts, published by National Financial Communications Corp., Statements about the company's future expectations, including revenues and earnings and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Capital Securities Act of 1933, section 21E of the Securities Exchange act of 1934, and as the term defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, the company will appropriately inform the public.
HOUSTON--(BUSINESS WIRE)--Jan. 20, 2005-- Reward Enterprises (OTCBB:RWRD), a diversified financial services company specializing in sub-prime consumer lending, announced today that its Consumers Choice Financial Services unit is in the final stages of review of its bank charter application, which it expects to file in the first quarter of 2005. Jeff Fisher, CEO of Reward Enterprises, said today, "The application for the bank charter is the final step in establishing credit card lending operations for the Consumers Choice unit. A special services bank charter that can issue bank credit cards is a central component of the Consumers Choice business plan. Consumers Choice plans to apply its proprietary measurement and evaluation systems to purchase uncollected debt from lenders. The plan is to turn these bad loans into profitable customers for our credit cards, auto loans and mortgage products." Fisher concluded, "With plans to roll-out its growth strategy over an initial three-year period, Consumers Choice projects revenues from its debt settlement operation, lending programs and sales of services in excess of $30,000,000 by fiscal year 2007." Already announced are plans to market and distribute a line of full-service debit cards and also a plan to develop and market a line of products to help deter identity theft crimes against consumers and small businesses.
About Consumers Choice Financial Services Inc.
Consumers Choice is a consumer financial services company with operations in consumer debt-acquisition and many facets of sub-prime consumer lending. Based in Houston, Consumers Choice has an aggressive growth and expansion plan that includes a bank charter for issuing credit cards to targeted sub-prime consumers. For further information now on Consumers Choice Financial Services Inc. please visit their Web site at www.consumerschoicefinancialservices.com.
Statements about the company's future expectations, including revenues and earnings and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Capital Securities Act of 1933, section 21E of the Securities Exchange act of 1934, and as the term defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, the company will appropriately inform the public.
KEYWORD: NORTH AMERICA TEXAS UNITED STATES INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING SOURCE: Consumers Choice Financial Services
CONTACT INFORMATION: OTC Financial Network Investor Relations Geoffrey Eiten, 781-444-6100 x613 geiten@otcfn.com or Reward Enterprises Inc. Vera Ferkashun, 713-937-1117 mail@consumerchoicefs.com
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stock has bEEn siTTing on the boTTom. lOOking like trying to re-group. From what i hear the company is done seLLing. Stock should be ready for a bounce
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