Expert Group, Inc. Proudly Reduces Its Authorized Shares by 25% Press Release Source: Expert Group On Friday January 15, 2010, 10:45 am EST MIAMI, FL--(Marketwire - 01/15/10) - Expert Group, Inc. (Pinksheets:EXPU - News), an FHA certified financial lending institution specializing in home and commercial real estate loans, would like to inform its investors that it will retire and eliminate 25,000,000 shares from its treasury of authorized shares which was originally 100,000,000 shares. The new amount of authorized shares is 75,000,000 shares. The company's final share structure will be updated on pinksheets.com.
Robert Rico states, "We are reducing our Authorized by 25% effective immediately. Our board of Directors has come to this decision based on our current financial position and the reality that the current structure far exceeds our requirements. We have a firm commitment to shareholder value and this is yet another step to show our shareholders our commitment to them."
About Expert Group, Inc.
Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments; with multiply offices throughout South Florida, Expert is rapidly becoming a market leader in the multibillion dollar Florida market. 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.
� Expert Financing Locations:
17501 Biscayne Blvd #540 North Miami Beach, Fl 33160
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News from this week! Expert Group, Inc. Releases 2009 Financial Data
Press Release Source: Expert Group On Monday February 1, 2010, 4:00 pm EST MIAMI, FL--(Marketwire - 02/01/10) - Expert Group, Inc. (Pinksheets:EXPU - News), an FHA certified financial lending institution specializing in home and commercial real estate loans, is pleased to announce the Company's 4th quarter and total year end numbers for 2009.
Expert Group finished the year with $515,091 in gross income and $167,322 in net income. This is a 61% increase in total revenues from 2008 of $318,626 gross income and a 343% increase in net income. Expert Group will upload the Company's official financials to the Pink Sheets website and the Expert Group Blog http://www.expertgroupblog.com this month.
In the fourth Quarter of 2009, the Company opened two new locations that continue to add significant income to our bottom line. The Company currently operates from three locations and has numerous loan officers actively seeking and securing new business under the Expert Financing umbrella.
Robert Rico stated: "2009 was a remarkable year for Expert Group. We finished the year as a solidly profitable company. We moved into 2010 with money in the bank and $ 3,485,537 worth of originations in our pipeline. The 'Expert Financing' name is already a recognized brand in the South Florida marketplace and I'm pleased to say that there are material events about to come to fruition that will enhance our visibility and brand exponentially. The "Expert Financing" name is about to go into overdrive."
Investors are encouraged to call, email, or visit the company at any of our three locations.
About Expert Group, Inc.
Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments; with multiply offices throughout South Florida Expert is rapidly becoming a market leader in the multi billion dollar Florida market. 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.
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