posted
Here's a stock that had a recent run up and has since come back down and now is releasing some interesting PR's.. The most recent yesterday, and rumor has it more to come and 'bigger' from what I can gather...
Equus Resources Announces Launch of Commercial Lending Division Monday May 16, 9:02 am ET
ATLANTA--(BUSINESS WIRE)--May 16, 2005--MacReport.net / Equus Resources, Inc. (OTC:EQUR - News; "Equus" or the "Company") announced today that it has launched and will aggressively market a commercial lending division. This division will offer asset-based financing for the acquisition and development of commercial real estate projects with lending requirements from $500,000 to $5,000,000. Acceptable properties will include apartments and other multi-family housing projects, shopping centers, office buildings, warehouse and light industrial projects, resort/vacation properties, restaurants, and hospitality properties (hotels/motels). Loan to equity values will range from 50% to 100%. The initial geographical market for this division will be the southeastern states in which the Company's residential mortgage business is currently concentrated, but the division will consider properties in all regions. ADVERTISEMENT [Blocked Ads]
The new head of the commercial lending division is Lee Pagnotta. Lee has 20 years' experience in commercial and residential mortgages. During most of these years, Lee operated on a national basis and originated many millions of dollars in asset-based (sometimes referred to as "hard money") loans on a wide range of commercial properties.
In making this announcement, Randy Harris, President of Equus, commented, "We believe there is great opportunity for Equus in the $500,000 to $5,000,000 segment of the commercial lending market, particularly in the high growth regions of the southeastern United States where our efforts will initially be concentrated. Having personally worked in the commercial lending market myself a couple of years ago, I know full well that proposals for this type of financing have to be reviewed and analyzed very carefully and it is critical to have a seasoned veteran at the helm to make sure this happens. This is why we are so fortunate to have a person like Lee Pagnotta, with his many years of experience in asset-based financing and his numerous industry contacts fostered over those years, to head up our division."
Regarding his new position with Equus, Lee commented, "I have been working with Equus and Team One management over the past two years, mainly on the residential side, getting to know them and their way of doing business. I was very impressed with what I saw and proposed that they let me set up and operate a formal commercial lending division for them. They agreed and I am now hitting the ground running and am ready, willing and able to build a solid commercial lending division for them. Although commercial loans are frequently more complex and difficult to close than residential mortgages, the significantly larger fees associated with commercial transactions as compared with residential ones make the extra effort well worthwhile. In fact, I fully expect this division to begin to turn a nice profit for Equus almost immediately, certainly within the next 30 to 60 days."
About Equus Resources
Equus Resources is a multi-faceted financial services company that offers consumer and commercial clients a broad range of mortgage and insurance products, mainly in the southeastern states. Equus plans to expand its business through internal growth and acquisition and to add new financial products and services as demand warrants. Equus is headquartered in Roswell, Georgia, a suburb of Atlanta. For more information, please visit us at www.equusresources.com and www.teamonemortgage.com or e-mail us at investorinfo@equusresources.com.
Forward-Looking Statements:
Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the Company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgment of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties, including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, the receipt of revenues, and other factors, many of which are beyond the control of the Company. The Company disclaims any obligation to update information contained in any forward-looking statement.
-------------------------------------------------------------------------------- Contact: Equus Resources, Inc. Steven A. Cunningham, CEO, or Randy L. Harris, President 770-442-2364 888-421-8326
-------------------------------------------------------------------------------- Source: Equus Resources, Inc.
posted
.075x.08 2x2 mm's it's closing very strong today, we could be seeing an EOD run up, indictive that news may be imminent, which would line up with the rumors.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
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posted
Equus Resources Announces Launch of Commercial Lending Division MONDAY, MAY 16, 2005 9:02 AM - BusinessWire
EQUR 0.075 +0.005
Enter Symbol:
Enter Keyword:
ATLANTA, May 16, 2005 (BUSINESS WIRE) -- MacReport.net / Equus Resources, Inc. (EQUR) ("Equus" or the "Company") announced today that it has launched and will aggressively market a commercial lending division. This division will offer asset-based financing for the acquisition and development of commercial real estate projects with lending requirements from $500,000 to $5,000,000. Acceptable properties will include apartments and other multi-family housing projects, shopping centers, office buildings, warehouse and light industrial projects, resort/vacation properties, restaurants, and hospitality properties (hotels/motels). Loan to equity values will range from 50% to 100%. The initial geographical market for this division will be the southeastern states in which the Company's residential mortgage business is currently concentrated, but the division will consider properties in all regions.
The new head of the commercial lending division is Lee Pagnotta. Lee has 20 years' experience in commercial and residential mortgages. During most of these years, Lee operated on a national basis and originated many millions of dollars in asset-based (sometimes referred to as "hard money") loans on a wide range of commercial properties.
In making this announcement, Randy Harris, President of Equus, commented, "We believe there is great opportunity for Equus in the $500,000 to $5,000,000 segment of the commercial lending market, particularly in the high growth regions of the southeastern United States where our efforts will initially be concentrated. Having personally worked in the commercial lending market myself a couple of years ago, I know full well that proposals for this type of financing have to be reviewed and analyzed very carefully and it is critical to have a seasoned veteran at the helm to make sure this happens. This is why we are so fortunate to have a person like Lee Pagnotta, with his many years of experience in asset-based financing and his numerous industry contacts fostered over those years, to head up our division."
Regarding his new position with Equus, Lee commented, "I have been working with Equus and Team One management over the past two years, mainly on the residential side, getting to know them and their way of doing business. I was very impressed with what I saw and proposed that they let me set up and operate a formal commercial lending division for them. They agreed and I am now hitting the ground running and am ready, willing and able to build a solid commercial lending division for them. Although commercial loans are frequently more complex and difficult to close than residential mortgages, the significantly larger fees associated with commercial transactions as compared with residential ones make the extra effort well worthwhile. In fact, I fully expect this division to begin to turn a nice profit for Equus almost immediately, certainly within the next 30 to 60 days."
About Equus Resources
Equus Resources is a multi-faceted financial services company that offers consumer and commercial clients a broad range of mortgage and insurance products, mainly in the southeastern states. Equus plans to expand its business through internal growth and acquisition and to add new financial products and services as demand warrants. Equus is headquartered in Roswell, Georgia, a suburb of Atlanta. For more information, please visit us at www.equusresources.com and www.teamonemortgage.com or e-mail us at investorinfo@equusresources.com.
-------------------- Do dd before you buy any stocks I post on
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Equus Resources Announces Launch of On-Line Mortgage and Finance Courses Thursday May 19, 8:30 am ET
ATLANTA--(BUSINESS WIRE)--May 19, 2005--Equus Resources, Inc. (OTC:EQUR - News; "Equus") announced today that it is now offering on-line a basic residential mortgage training course called "Loan Officer 101." This course can be paid for and taken by prospective loan officers on www.teamonemortgage.com. Equus plans to offer more advanced mortgage courses on line in the near future. These courses will be made available to Team One employees at no charge as part of the Company's commitment to "in house" training and to others on a fee basis. Additionally, Equus plans to offer basic and advanced residential and commercial mortgage, sales and marketing, and other finance-related courses at its corporate headquarters in Roswell, Georgia under its recently activated "Team One Academy." In making this announcement, Randy Harris, President of Equus, commented: "We are now testing the 'on line' waters with the Loan Officer 101 course, but we are confident there will rapidly develop demand for more advanced mortgage and finance courses which can be completed through our Web site. We are equally confident that there will be strong demand for courses taken 'in person' at our corporate headquarters. With state and federal mortgage-related laws and regulations and the types of mortgage products and services constantly changing and evolving, the importance of training and education in this industry cannot be overemphasized. We believe that our on-line and on-site training and education courses will become a stand alone profit center, but they should also become a powerful recruiting tool for our mortgage subsidiary."
About Equus Resources
Equus Resources is a multi-faceted financial services company that offers consumer and commercial clients a broad range of mortgage and insurance products, mainly in the southeastern states. Equus plans to expand its business through internal growth and acquisition and to add new financial products and services as demand warrants. Equus is headquartered in Roswell, Georgia, a suburb of Atlanta. For more information, please visit us at www.equusresources.com and www.teamonemortgage.com or e-mail us at investorinfo@equusresources.com. If you will provide your e-mail address to us, we will be happy to add you to our electronic mailing list and periodically share information about our Company with you.
Forward-Looking Statements:
Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the Company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgment of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties, including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, the receipt of revenues, and other factors, many of which are beyond the control of the Company. The Company disclaims any obligation to update information contained in any forward-looking statement.
-------------------------------------------------------------------------------- Contact: Equus Resources, Inc. Steven A. Cunningham or Randy L. Harris 770-442-2364 888-421-8326
-------------------------------------------------------------------------------- Source: Equus Resources, Inc.
posted
Equus Resources Announces New Production and Sales Manager and Loan Processing Manager Tuesday May 24, 8:30 am ET
ATLANTA--(BUSINESS WIRE)--May 24, 2005--Equus Resources, Inc. (OTC:EQUR - News; "Equus") announced today that Brent Thomason has become the new Production and Sales Manager of its mortgage subsidiary, Team One Mortgage Services, Inc., a residential and commercial mortgage lender and broker licensed to originate loans in 8 states. In addition, Anne Gillison was named as Team One's new Manager of Loan Processing. ADVERTISEMENT [Blocked Ads]
Brent brings over 20 years' experience in real estate sales and development, commercial construction, residential lending, mortgage underwriting, and business development to the position. He also has a strong background in mortgage processing, along with extensive training in FHA, VA and Conventional mortgages, and is very experienced in federal and state residential mortgage regulations and compliance. Brent is a licensed real estate agent in Georgia. He has created and is in the process of implementing plans to increase the number and productivity of Team One loan officers and the overall volume of mortgage originations. Brent was an underwriter with first Atlantic Mortgage and a processing supervisor with Americap Mortgage.
Anne brings over 14 years' experience in the mortgage industry to her position. She has a strong background in all loan products, including FHA, VA, Conventional, and Subprime. Anne has had previous processing experience with Sand Dollar Mortgage Company, Citizen Fidelity Mortgage, Unity Mortgage Corporation, and First Suburban Lending/The Money Store. She also served as a Department Director with Cobb Housing, Inc. and as a consumer relations representative with credit reporting agencies. Anne is also a Certified HUD Homebuyer Education Instructor.
In making this announcement, Randy Harris, President of Equus, commented, "I have personally worked with Brent for well over a year now and know first hand that he is extremely capable and a person of the absolute highest integrity. We are very confident that Brent will carry out his mandate to increase our loan origination volume, and more importantly, our profitability. We are equally delighted to have Anne join Team One. We have no doubt that she will prove a superior supervisor of loan processing, which is the real backbone of the mortgage business. Anne's high energy level, years of mortgage experience and considerable customer service skills will make her a great asset to our company."
About Equus Resources
Equus Resources is a multi-faceted financial services company that offers consumer and commercial clients a broad range of mortgage and insurance products, mainly in the southeastern states. Equus plans to expand its business through internal growth and acquisition and to add new financial products and services as demand warrants. Equus is headquartered in Roswell, Georgia, a suburb of Atlanta. For more information, please visit us at www.equusresources.com and www.teamonemortgage.com or e-mail us at investorinfo@equusresources.com and we will be happy to add you to our electronic mailing list.
Forward-Looking Statements:
Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the Company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgment of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties, including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, the receipt of revenues, and other factors, many of which are beyond the control of the Company. The Company disclaims any obligation to update information contained in any forward-looking statement.
-------------------------------------------------------------------------------- Contact: Equus Resources, Inc. Steven A. Cunningham or Randy L. Harris 770-442-2364 888-421-8326
-------------------------------------------------------------------------------- Source: Equus Resources, Inc.
posted
News out yesterday, dipped. With additional news expected based on mention of such in their PR's, this could be a nice entry point, as stocks usually run up before news. And even if not, it should bounce from down here.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
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posted
Well, today we saw that bounce I spoke about last night. A rather strong bounce actually, up to .079.. looks more like a run up before news than a normal bounce as it closed higher than before the news came out.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
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posted
Not only does EQUR have a great business, the chart is breaking out. The chart is primed for a bounce. Stock closed at the hod .079 and if you take time to read recent prs you can see that EQUR (Equus Resources Inc.) is taking the steps to start trading on the Nasdaq this fall. They are expanding their business and announcing major employee hirings. This stock is going to be hitting everybody's radars after this week.
posted
Equus Resources Announces Director of Special Projects and New Business Development Thursday May 26, 10:30 am ET
ATLANTA--(BUSINESS WIRE)--May 26, 2005--Equus Resources, Inc. (OTC:EQUR - News; "Equus") today named James A. (Jim) Jones as its Director of Special Projects and New Business Development. In this position, Jim will take a central role in the analysis and implementation of new business opportunities for Equus and will also serve as a corporate "trouble shooter" for the Equus senior executives. ADVERTISEMENT [Blocked Ads]
Jim, age 58, has more than 30 years' experience in the information systems industry. Consistent outstanding performance in this industry enabled Jim to advance from an administrative position through sales and marketing into executive management. Jim spent 15 years at IBM before moving to Wang Laboratories where he handled Wang's business with General Motors/EDS worldwide and managed a large district marketing operation which covered 6 southeastern states through 9 branch offices. Subsequently, Jim worked as a consultant to several technology-oriented companies on development and implementation of sales and marketing strategies.
For 7 years, Jim worked with The Information Management Forum (IMF) as its Managing Director. IMF is a well-recognized association of business and information systems executives from Fortune 1000 companies, government agencies and non-profit entities. At IMF, Jim created and managed research and focus groups on business, information systems and human resources. Jim's depth and breadth of expertise was tapped by the Governor of Georgia in 1998 when he was asked to be a member and the reporting secretary of Georgia's Year 2000 Citizens' Taskforce. This organization monitored and reported on the preparedness of all Georgia state agencies, crucial utilities and services to cope with the millennium computer problem.
In making this announcement, Randy Harris, President of Equus, commented, "Jim Jones brings us a wealth of experience and expertise across a wide range of companies and industry segments. His background in understanding and evaluating organizations' business structures, plans, work flows, finances and human resources at the highest executive levels will be invaluable to us as we move forward to implement our growth strategies. Jim is one of the most articulate, diligent, and creative individuals with whom I have ever worked. One of his greatest attributes is that he cares about people and recognizes that our employees are our single greatest resource. We consider our company extremely fortunate to have someone of the caliber and character of Jim Jones accept this position."
About Equus Resources
Equus Resources is a multi-faceted financial services company that offers consumer and commercial clients a broad range of mortgage and insurance products, mainly in the southeastern states. Equus plans to expand its business through internal growth and acquisition and to add new financial products and services as demand warrants. Equus is headquartered in Roswell, Georgia, a suburb of Atlanta. For more information, please visit us at www.equusresources.com and www.teamonemortgage.com or e-mail us at investorinfo@equusresources.com and we will be happy to add you to our electronic mailing list.
Forward-Looking Statements:
Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the Company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgment of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties, including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, the receipt of revenues, and other factors, many of which are beyond the control of the Company. The Company disclaims any obligation to update information contained in any forward-looking statement.
-------------------------------------------------------------------------------- Contact: Equus Resources, Inc. Steven A. Cunningham or Randy L. Harris 770-442-2364 or 888-421-8326
-------------------------------------------------------------------------------- Source: Equus Resources, Inc.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
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