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RENT FINDERS USA INC (U-RFDU) - News Release Rent Finders USA, Inc. Reports Over $1 Million in Revenues for Second Consecutive Quarter of 2006
2006-06-27 12:11 ET - News Release
WEST PALM BEACH, FL -- (MARKET WIRE) -- 06/27/06
Rent Finders USA, Inc. (PINKSHEETS: RFDU) is pleased to announce that the company has generated over $1 million in revenues for the second consecutive quarter of 2006, ending May 30th. During the same period, the Company also cut direct costs by more than $48,000, as compared to the second fiscal quarter of 2005.
"We've had an amazing year to build on and our business is booming because of the increased amount of traffic in our retail locations. With our solid revenues and now that we've established ourselves in the New York market, we will look to expand our operations to other states throughout the U.S.," stated William H. Luckman, CEO of Rent Finders USA, Inc.
Rent Finders USA and Aaron A. Moss Real Estate recently hosted an open house for their first model home in The Enclave community in Skaneateles, New York. The seven figure residential properties drew over a thousand prospective buyers and gained front page coverage from the Post-Standard, the Syracuse daily newspaper. Rent Finders USA is the exclusive marketer for The Enclave, a new subdivision that will be comprised of 13 "manor houses" and "country estate houses" spread across 88 acres of former farmland.
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About Rent Finders USA, Inc.:
Rent Finders USA, Inc. (http://www.rentfindersusa.com) is a full-service Real Estate Broker that specializes in residential Property Management. Rent Finders USA, Inc. opened its offices in 2001, and has quickly become one of America's fastest-growing real estate companies, successfully operating over 10 locations in New York and Florida and having completed in excess of 35,000 real estate transactions since the company's inception in 2001.
SAFE HARBOR ACT: This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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Rent Finders USA, Inc. Transforms Another Segment of the Real Estate Industry Rent Finders USA, Inc. Methodology Guarantees Agents Commission of $100,000 Annually WEST PALM BEACH, FL -- (MARKET WIRE) -- June 26, 2006 -- Rent Finders USA, Inc. (PINKSHEETS: RFDU) is pleased to announce that the company has implemented a commission structure for their agents, which will revolutionize the way the real estate industry compensates their agents. The Rent Finders USA methodology will assure agents who follow their proven sales guidelines a guaranteed commission of $100,000 annually. In conjunction with management oversight, this system is incredibly beneficial to both agents and the Company.
The current median for real estate agents in the U.S. is $24,000 to $59,000 a year, according to the United States Department of Labor. These established methods will guarantee the end result of a higher income than the national average, since these guidelines require the consistent generation of new business. This factor is widely recognized as the variable that differentiates the average real estate agent from the top producers in the industry.
"We believe that by offering this kind of incentive, we will bring in hard-working agents from all over. Successful people in real estate are goal-oriented, self-motivated, ambitious, persistent, and charismatic. By implementing these proven strategies, even average agents will develop the work ethic and consistency they need to be top producers. This represents the commencement of a very profitable future for Rent Finders USA and its agents," stated William Luckman, CEO of Rent Finders USA, Inc.
About Rent Finders USA, Inc.:
Rent Finders USA, Inc. (http://www.rentfindersusa.com) is a full-service Real Estate Broker that specializes in residential Property Management. Rent Finders USA, Inc. opened its offices in 2001, and has quickly become one of America's fastest-growing real estate companies, successfully operating over 10 locations in New York and Florida and having completed in excess of 35,000 real estate transactions since the company's inception in 2001.
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Rent Finders USA, Inc. Reports Store Level Gross Commissions in Excess of $310,000 for April 2006 Wednesday May 10, 8:31 am ET
WEST PALM BEACH, FL--(MARKET WIRE)--May 10, 2006 -- Rent Finders USA, Inc. (Other OTC:RFDU.PK - News) is pleased to announce that the Company has reported store level Gross Commissions of $314,527 for the month of April 2006 as compared to store level Gross Commissions of $287,216 for March 2006. ADVERTISEMENT
April is the first month the Company realized net profits at each of their nine retail locations. Rent Finders USA realized store level profit of $59,345 for the month of April 2006 as opposed to $46,480 for the month of March 2006, which is an increase of 27%.
"This is a significant milestone for Rent Finders USA. The key element to our aggressive pursuit of growth is being profitable at our retail locations. For five years we have been establishing brand awareness and cutting expenses to create consistent store level profits. The fact that all of our stores were profitable this past month is a great statement about our progress and maturity as a Company," stated William Luckman, CEO of Rent Finders USA, Inc.
Rent Finders USA, Inc. recently announced that it has signed an agreement with Homeland Integrated Security Systems, Inc. (Other OTC:HISC.PK - News) to purchase a minimum of a half a million dollars worth of Cyber Trackers to keep track of its field agents. The agreement gives Rent Finders USA exclusive rights to sell the technology within the real estate industry. These rights to "Cyber Tracker" technology, which will be marketed as "Agent Tracker," are extended in exchange for a guaranteed minimum of $500,000 in sales for three years, with initial orders to begin immediately. The companies expect sales to be as high as $1.5 million over the next three years.
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Rent Finders USA, Inc. Expects Increase Sales Force Up to 50% Based on Current Housing Market Trends in South Florida Market Wire, May, 2006 Rent Finders USA, Inc. (OTC: RFDU) is pleased to announce that the Company has implemented a strategy to increase the Company's real estate sales force by up to 50%. Due to a notable shift in the housing market in South Florida, the Company intends to realize growth through the ability of Rent Finders' business model to take advantage of the current market trend.
Rent Finders USA and Premier Mortgage Funding will be hosting a real estate seminar to inform the real estate community of the potential for financial gain in the sellers market that currently exists. The Company is expecting to have well over 250 real estate agents and investors in attendance at the South County Civic Center on May 19, 2006 in Delray Beach, Florida. "While there has been a 20% increase in the number of real estate agents becoming members of the local Real Estate Boards, there has been a more than 30% decrease in the number of transactions. This spreading thin of opportunity is a great time for Rent Finders USA to capitalize on their unique system of servicing the real estate community and increase its sales force," stated Broker-of-Record and founder, Terry McManus. "Our transaction flow has not slowed significantly year-over-year on a same-store basis. Our demand side model is ripe for the current economics of the market."
"Most consumers are under the impression that property is overpriced at this time. Looking at the basic economics of the environment there is a dramatic oversupply in our markets; this to most savvy investment professionals would trigger this as a time to buy. Sellers are becoming desperate and not only reducing prices, but accepting well below list price and giving massive concessions to buyers. Rent Finders USA is in an incredible position to capitalize on falling property values and the shift in the market. We expect this seminar will be beneficial to both the attendees and Rent Finders by increasing our revenues through added interest in our business model," stated William Luckman, CEO of Rent Finders USA, Inc.
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Rent Finders USA, Inc. Enters the $713 Million Central New York State Housing Market
Rent Finders USA, Inc. (PINKSHEETS: RFDU) is pleased to announce that the Company has signed an Agreement to acquire 100% of Aaron A. Moss Real Estate, Inc., a real estate firm servicing the $713 Million Central New York State housing market. The acquisition is expected to take effect on June 1, 2006 and will be the Company's first acquisition and the beginning of Rent Finders USA's plan to brand the South Florida business concept throughout the entire United States.
Aaron Moss previously spent the last 10 years in the South Florida real estate market developing a corporate wide system showing thousands of realtors and investors how to make money in real estate everyday. Aaron A. Moss Real Estate, Inc. is currently training a handful of full/part-time real estate agents in the Central New York market. As former Chief Operating Officer of Jordyn Taylor Properties, Inc., Mr. Moss oversaw the opening of 17 real estate offices in less than 4 years where he hired, trained over 1500 agents, and the Company completed over 25,000 real estate transactions under his watch
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Rent Finders USA to Expand New York Operations SKANEATELES, NY--(MARKET WIRE)--Jun 13, 2006 -- Rent Finders USA, Inc. (RFDU) is pleased to announce that Aaron A. Moss Real Estate (www.mossred.com) , a wholly owned subsidiary of Rent Finders USA, Inc. will begin plans for expansion throughout the Central New York Market. The Company has defined a market in Central New York, which Aaron A. Moss Real Estate estimates to exceed $50 million in annual residential real estate transaction commissions in 2007.
The Aaron A. Moss Real Estate team will be focusing on branding and recruitment to ensure the success of this expansion. The Company's objective will be to achieve a minimum 7% market share by year end 2008 in Central New York. To meet this objective the Company intends to open several retail locations to service the market by September 2007.
"We are confident that Aaron A. Moss Real Estate will successfully represent Rent Finders USA in this newly identified Central New York market. Mr. Moss recently drew nearly 1000 people to a single open house, for one of the most expensive properties in the market. This was an unbelievable endorsement of our ambitious practices."
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Indef: I'am desperate looking for the bad news, but still can't find. Average volume of the past 3 months about 1,5M. So I think there is no dillution. Maybe it's a undiscovered pearl.
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Business Description: Jordyn Taylor Properties, Inc. (http://www.jtpre.com) is a full-service Real Estate Broker that specializes in residential Property Management. Jordyn Taylor Properties, Inc. opened its offices in 2001, and has quickly become one of South Florida's fastest-growing real estate companies, successfully operating 10 locations and having completed in excess of 35,000 real estate transactions.
State of Incorporation: Nevada
Country of Incorporation: USA Year of Incorporation 2001
Officers: William Luckman, Chairman/CEO
Fiscal Year End: November 30
Edgar Filing Status: Non EDGAR Filer
Sedar Filing Status: Non SEDAR Filer
Outstanding Shares: 940,000,000 as of 2006-06-21
Estimated Market Cap: 8.46M as of 2006-06-30 (based on Outstanding Shares as of 2006-06-21) Authorized Shares: 3,000,000,000 as of 2006-04-26 Float: 75,000,000 as of 2006-06-01 Number of Shareholders of Record: 150 as of 2005-04-19
Current Capital Change: shs decreased by 1 for 20 split Ex-Date: Record Date: Pay Date: 2005-03-24
Dividends:
Company Notes: Formerly=Nevada Commercial Management Inc. until 9-97 Formerly=Aviation Industries Corp. until 3-05 Formerly=Jordyn Taylor Properties, Inc. until 4-06
Transfer Agent: Standard Registrar and Transfer Co., Inc., Draper, UT 84020
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Indef: AS is huge, but the float is only 75M. For now there is no dillution IMO. Annual high: 0.14. Annual low: 0.006. Think I go for a gamble for 200K tomorrow, and hope for a bottom bounce.
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WEST PALM BEACH, FL -- (MARKET WIRE) -- 07/05/06 -- Florida Rent Finders, Rent Finders USA, Inc.'s (PINKSHEETS: RFDU) wholly owned subsidiary, has beaten last month's record business activity by writing $830,489 in gross commissions for the month of June, from May's historical high of $818,588.
"We have seen a steady increase in business activity since May 1st. A combination of our counter-traditional real estate model coupled with adequate execution in recruiting and marketing has really started momentum flowing in our favor," stated Florida Rent Finders Founder and President, Terry McManus.
"Management's responsibility is to grow a business that, over reasonable time frame, will create a steady growth in profits for shareholders. For 5 years we have been building and adjusting a system for doing business in the real estate world that had not been seen before. Our current model is one that we believe is at the foundation of a national plan that will enhance the lives of all of our stakeholders, that includes but is not limited to our shareholders, employees and clients. Increased activity in our stores is a testament to the hard working people at Rent Finders and the excellent plan that management has begun to execute," stated William H. Luckman, CEO & Chairman of Rent Finders USA.
About Rent Finders USA, Inc.
Rent Finders USA, Inc. (http://www.rentfindersusa.com) is a full-service Real Estate Broker specializing in residential landlord services. Rent Finders USA, Inc. opened its offices in 2001, and has quickly become one of America's fastest-growing real estate companies, successfully operating multiple locations in New York and Florida and having completed in excess of 35,000 real estate transactions since the company's inception in 2001.
SAFE HARBOR ACT: This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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