Dear shareholders,
It is with great pleasure today that I would like to share with you some of our financial and operational milestones and highlights for the months of April and May 2010.
Expert Group has continued to make progress in 2010. For the period of April/May 2010 our company generated net income of $125,900, as compared to $45,707 for the same period in 2009. This represents an increase of 175%. We believe this increase is testament to our commitment in strengthening our position as a leader in the South Florida real estate and mortgage industry, as well as increasing shareholder value throughout 2010.
We believe that our on-going marketing efforts, which include aggressive radio, broker network and web based campaigns, should continue to strengthen our financial position in the June/July period and we are projecting an additional increase in income of $250,000.
We are a few short days away from the May 24th launch of our radio campaign on 97.3 FM The Coast that is targeting over 1.75 million South Florida listeners. This campaign will run concurrent to our other marketing efforts which include a company mailer to over 2,500 potential homebuyers, as well as our scheduled presentations to top Realties across Miami-Dade and Broward county. Furthermore, Expert Financing will also be featured on The Ron Mann show 880thebiz.com at 880am on Thursday, May 27, 2010.
Finally we would like to inform our shareholders that we have entered preliminary talks regarding the possible acquisition or merger of a Mortgage lender which we have been working very closely with in the past. Although negotiations are in the infant stage, the possible acquisition/merger would extend Expert Group's services into a new area of Miami-Dade County, increase our revenues and add veteran key personnel to our Board of Directors.
Shareholders, we are excited at what 2010 has brought to our organization thus far, and look forward with great anticipation at what the second half of the year will bring.
Best Regards,
President
Investors are urged to monitor the progress of the company!
Plans to uplist to the OTCBB. Positive signs of expansion. Expert Group conservatively projects that in 2010 the company will achieve $4.3 million in revenues and over $1.1 million in net income.
Expert anticipates completing Expert Insurance, Inc. in the third quarter in which we will offer Insurance services Statewide. The website www.expertinsuranceinc.com will be launched soon.
Robert Rico states, "This is thanks to our aggressive recruiting campaign and incentives offered. We are adding new loan officers as we try to reach our goal of 200 loan officers. As always the best compliment we can receive is a referral, so think of us in your next real estate transaction." Recovering Market could yield big returns. Florida Realtors said existing condo sales rose in all three counties, as well, with the biggest gain in Miami. Condo sales there were up 58 percent and existing home sales rose 17 percent. - South Florida Business Journal:Thursday, April 22, 2010
National Association of Realtors's latest outlook anticipates a rise in home sales in late spring, which should help to absorb inventory. Increased pending sales is a positive sign for home prices, which are continuing to stabilize, according to NAR Chief Economist Lawrence Yun.
Company Snapshot
About The Company[Image] Expert Financing has been originating conventional and government loans since it's inception. The company started as a retail firm providing millions of dollars in real estate loans to all types of borrowers including domestic and foreign nationals for all kinds of properties including condominiums, single family residences, town houses, commercial buildings like hotels, strip mall, gas station, restaurants, warehouses, industrial facilities and day care to name a few. Expert has also assisted in loans for luxurious projects like the Icon Brickell, Aventura Marina, Williams Island, the Continuum in South Beach, Aqualina and The Trump in Sunny Isles Beach.
The company operates as a public company with its shares trading on the over the counter under the stock symbol EXPU. As a loan origination and marketing firm, utilized as an independent outsource platform for several national and regional community banks.
http://expertfinancing.net/
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