Bis zu 90% sparen! Kostenloser Depotgebühren-Check
030-275 77 6400
DAX-0,20 % EUR/USD-0,13 % Gold-0,30 % Öl (Brent)-0,07 %

E-NET (925558) News sind da!!! - 500 Beiträge pro Seite

Beitrag schreiben

Begriffe und/oder Benutzer


Monday October 1, 3:10 am Eastern Time

Press Release

SOURCE: e-Net Corp.

e-Net Corp. Subsidiary Continues
Record Production

FannieMae Application

COSTA MESA, Calif.--(BUSINESS WIRE)--Oct. 1, 2001--Vincent Rinehart, president &
CEO of e-Net Corp. (OTCBB:ENNT - news; Frankfurt Exchange:925558.f)
today announced the continued growth and expansion of their largest subsidiary, American
Residential Funding Inc. (AMRES).

Jeff Hemm, president of AMRES, reported: ``The loan volume for the month of August
reached a new record amount of $67,700,000. This is substantially higher than the Aug. 2000
month of $16,130,000, an increase of 319%.``

``This is primarily due to an increase in `Net Branches`, of which total branches under AMRES
is now at 200; also a record. Our goal remains to have 300 Net Branches in the next 120 days.
The home real estate market remains strong, with refinancing adding additional business. For
the first eight months of 2001, AMRES has arranged over 2,300 loans. The month of August
resulted in over 400 loans funded, also a record number of loans,`` said Hemm.

Additionally, Rinehart announced: ``AMRES has recently met with officers of FannieMae, and
have agreed to rapidly process the application to become a Seller/Servicer with FannieMae.
This would establish electronic loan approvals (Desktop Underwriting, `DU`) at corporate
offices, and electronic origination software (Desktop Originator, `DO`) in each of the branches
of AMRES.``

Rinehart went on to say: ``We are looking forward to providing our borrowers the finest
service and rates available anywhere. With the use of FannieMae`s loan software, as well as
expanding our Mortgage Banking division, AMRES will be producing additional revenue from
each originated loan funded by AMRES. It is expected to begin operations with FannieMae
during the next fiscal quarter.``

This news release contains certain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 regarding future results of operations and
market opportunities that are based on e-Net`s current expectations,
assumptions, estimates and projections about the company and its industry. Investors are
cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of risks
and competition and other factors. These factors, along with other potential risks and uncertainties are discussed in e-Net`s reports, as well as their subsidiaries, and other documents filed with the Securities and Exchange Commission,
especially the 10-KSB filed Aug. 16, 2001, and recent Quarterly reports. 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.

Beitrag zu dieser Diskussion schreiben

Es handelt sich hier um einen ältere Diskussionen, daher ist das Schreiben in dieser Diskussion nicht mehr möglich. Bitte eröffnen Sie hier ein neue Diskussion.