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Friday August 3, 3:01 am Eastern Time Press Release SOURCE: e-Net Financial.com Corp. e-Net Financial.com Corp. Sets New Production Records COSTA MESA, Calif.--(BUSINESS WIRE)--Aug. 3, 2001--Vincent Rinehart, president & CEO of e-Net Financial.com Corp. (OTC BB:ENNT - news; Frankfurt Exchange:925558.f) announced record mortgage closings at American Residential Funding Inc. ``AMRES`` (an ENNT subsidiary) for the three month period ended June 30, 2001. ``For the month of June, AMRES set a new record, closing over $57.6 million in mortgage loans. This is a 254% increase over June 2000, and brings the total loans funded for the most recent 90 days (April-June) to over $150 million,`` stated Rinehart. ``In addition, the month just ended, July, has also finished very strong, with estimations exceeding $60 million in mortgage volume, establishing a great beginning for the new fiscal year, the first quarter being May-July. New branch applications continue to come in at a record level, bringing expectations for continued expansion,`` said Jeff Hemm, president of AMRES. To help accommodate its rapid growth, e-Net has negotiated, on behalf of AMRES, an additional 5,700 square feet of office space on the same 7th floor as the corporate offices. Additional marketing personnel are expected to be added, and a new ``Corporate Loan Processing Center`` has been established, with seasoned professionals joining AMRES mid-August, for additional revenue as well as branch support. Expidoc.com has hired additional staff, and is expected to finish July exceeding 300 orders for their signing service, a new record for the company. ``Expidoc.com`s loan document signing service has benefited with the drop in interest rates and the increased number of borrowers using the Internet,`` stated Rinehart. BravoRealtyOnline now serves three counties in Southern California: Ventura, Los Angeles and Orange. David Villarreal said: ``The combination of a branch of BravoRealtyOnline next to a branch of American Residential Funding has been well received in the real estate community.`` The staff at e-Net continues to work on the 10-KSB, and expects to release it in a couple of weeks. Due to the amount of activity and the complexity of the transactions, it has been more time consuming than management had anticipated. ``We are extremely pleased by the extra effort and hard work by the very dedicated staff at e-Net,`` said Rinehart. This news release may contain forward-looking statements that involve risks and uncertainties, including American Residential Funding Inc.`s ability to maintain its licensing approvals in multiple states and its ability to expand its branch operations. Operational results of American Residential Funding Inc. may not be indicative of future results or the results of e-Net Financial.com Corp. for the full fiscal year. For a discussion of factors which could impact e-Net Financial.com Corp`s financial results, or the results of its wholly owned subsidiaries, and cause actual results to differ materially from those in forward-looking statements, refer to e-Net`s recent filings with the SEC, particularly the Jan. 31, 2001 Form 10-QSB filed March 22, 2001. e-Net assumes no obligation to update the forward-looking information contained in this news release and encourages all potential investors to do their own due diligence and suitability analysis before any investment is made. Contact: e-Net Financial.com Corp. Vincent Rinehart, 714/866-2100 www.e-netfinancial.com Email this story - Most-emailed articles - Most-viewed articles More Quotes and News: E-Net Financial.com Corp (OTC BB:ENNT.OB - news) Related News Categories: banking, real estate |
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| aus der Diskussion: | E-Net 5000% die News sind da !!!! strong by!!! |
| Autor (Datum des Eintrages): | snopy36 (03.08.01 10:28:06) |
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