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Expert Group Announces Loan Origination for May 2009 MIAMI, FL, Jun 16, 2009 (MARKETWIRE via COMTEX) -- Expert Group, Inc. (PINKSHEETS: EXPU) is pleased to announce that the company has generated over $4.7 million dollars in originations for the month of May 2009, with a net income of approximately $100,000.00.
Robert Rico, CEO, states: "We are fully committed in branding Expert as a household name for all your residential and commercial lending needs; we have expanded our origination department to be able to facilitate and originate more applications. Our plan to increase retail mortgage application is:
"Our Plan
"Our plan is to expand our services by opening multiple locations primarily in Miami-Dade County and North Carolina; these locations will be a community bank type of storefront in highly populated areas. We plan to open 4 new locations and expand to over 400 originators. In today's market place 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. Expert is working on 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 Group Title Services and Expert Credit Fix U.S.A. Expert is licensed by the Department of Financial Regulations and a member of FAMB, and FHA approved 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. An Expert Loan Officer can help you find the best Loan for your needs, and our professional loan experts speak your language, including, Spanish, Russian, Portuguese, French, Italian, Hebrew and Creole.
About Expert Credit Fix U.S.A.
Expert Credit Fix U.S.A. is ahead of the game, assisting borrowers with less than perfect credit to fulfill their dream of home ownership. Expert Credit Fix U.S.A. will help borrowers restore their credit to a level where lenders will grant them credit and at a low interest rate.
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.
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