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TSBB ... NEWS just OUT! DarDaDog did you see THIS ?
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[QUOTE]Originally posted by Meshoe45: [QB] Press Release Source: TS&B Holdings Inc. and The Kallay Group Growth Company TS&B Holdings, Inc. Agrees to Strategic Alliance With Commercial Real Estate Syndicator and Developer, The Kallay Group Wednesday July 14, 9:15 am ET ORLANDO, Fla.--(BUSINESS WIRE)--July 14, 2004--TS&B Holdings, Inc. ("Company" or "TS&B") (OTCBB:TSBB - News), in conjunction with its Cummings Financial subsidiary, announced that after the completion of due diligence on the part of both entities, a strategic alliance and understanding with The Kallay Group is now in place which is projected to create significant services fees for Cummings by assisting Kallay with its increasing opportunities in the contracting, financing, acquisitions and development of existing "big box retail" properties throughout the Central region of the United States. Cummings Financial, through TS&B CEO, James E. Jenkins, stated that, "The business model of The Kallay Group is well-suited to utilizing Cummings Financial's title company, financial expertise and existing strong relationships with over 450 financial institutions." Says Edward Kallay, President of The Kallay Group, "We are very pleased with the opportunity to build a mutually beneficial relationship with Cummings Financial and further to working with TS&B on a first-look basis as a potential syndication member in our commercial real estate acquisition and development programs." About The Kallay Group The Kallay Group is a privately-held corporation operating from headquarters in Tulsa, Oklahoma. Headed by Ed Kallay, The Kallay Group and its professional associates have well over 100 years experience in commercial real estate brokerage, acquisition, development and appraisal. The Kallay Group has demonstrated past profits and success in the redevelopment of retail properties and sees excellent opportunities for continued growth in the big box retail venue. The corporate strategic initiatives for current and future growth are based on a model of syndications with accredited private investors and entities to purchase bundled vacated big box retail properties (typically WalMart and K-Mart locations) with existing structures between 60,000 to 120,000 sq. ft. in size. Through solid relationships with national and regional retailers, The Kallay Group will continue to redevelop, lease and refinance those vacated properties, which, in addition to the intrinsic business value, brings economic value to the local communities as well. About TS&B Holdings Inc. TS&B Holdings Inc. is a Business Development Company under the Investment Act of 1940 aggressively seeking opportunities in emerging and fast-growth industries. TS&B Holdings Inc. has a financial services subsidiary, TS&B Financial Services, Inc., that provides investment and merchant banking services and strategic planning to both the public and private sectors. Safe Harbor The statements made in this release constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect", or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. [/QB][/QUOTE]
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