Expert Group, Inc. Receives Approval for Equipment Financing
MIAMI, Feb. 28, 2012 /PRNewswire/ -- Expert Group, Inc. (Pinksheets: EXPU), a diversified financial services provider, today announced that Expert ATM has received an financing approval from Firestone Financial for ATM equipment financing. As part of the approval Expert Financing has placed an order for 10 new ATMs. This enables Expert to expand its ATM platform and lessens the need to issue additional shares to purchase ATMs and other equipment.
"The financing structure is payable on a monthly basis and can be for the length of up to 36 months," says Robert Rico, CEO of Expert Group, Inc. "With this now available we are in a better position for rapid growth and should have a great potential impact on our share structure! For it limits the need for further issuances."
Since 1965, Firestone Financial has provided equipment financing and vendor finance programs to help businesses grow.
Firestone Financial is an independent, direct lender that has provided equipment financing and vendor finance programs nationwide. We have financed billions of dollars worth of assets with thousands of customers in a multitude of diverse industries.
Expert Group, Inc. d.b.a. Expert Financing, Inc. -- EXPU -- is a company committed to your success; a company that provides not just services, but partnerships; a company with a long-standing reputation of honesty, integrity, and ethical business practices; a company with the resources to handle all your real estate needs. EXPU is one of the top-ranked financial services firms in the industry, specializing in providing ATMs for all types of business, including but not limited to Hotels, Retailers, Convention Centers, Malls, as well as Outdoor events. As a certified correspondent lender and a FHA certified lending institution, EXPU can offer up-to-date loans to consumers, including Equity Lines, Hard Money, Mezzanine Financing, Debt Financing, conventional, non-conventional, and VA Loans. Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments and Expert ATM. Expert is rapidly becoming a market leader in the multibillion dollar Florida market. Today, EXPU serves much realty as their mortgage bankers and has closed 100s of millions in loan originations and thousands of ATM transactions monthly. Visit our website for more information: www.expertATM.com and www.Expertfinancing.net.
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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