An immediate watch is being issued right now. Anyone wondering why? Read on... Brand new company profile Consumers Financial Corporation CFiN A lot has beenMessage 1 of 1 , May 1, 2005View SourceAn immediate watch is being issued right now.Anyone wondering why? Read on...Brand new company profileConsumers Financial CorporationCFiNA lot has been said in the past 16 days alone.Savvy investors will want to watch this company starting right now.Hot off the PressConsumers Financial Closes on $2 Million Financing
Wednesday, April 13, 1:31 pm ET(Go to yahoo or any financial news site to read this news now.)Consumers Financial Announces the Acquisition ofOntario Pay Day Services
Wednesday, April 20, 4:00 pm ETConsumers Financial Corporation ("CFIN'') today announced the completion of its acquisition of Ontario Pay Day Service, Inc. (``OPDS'' or Ontario Pay Day) of Ottawa, Ontario, Canada.Jack I. Ehrenhaus, Chairman of the Board stated, ``Ontario Pay Day is a remarkable company that is run by an extremely talented management, Michael Buchanan. It has a brief history, as a private company with profit margins in excess of 50%.(This is a partial clip of the news. Go to yahoo or any financial news site to read the entire news release now.)Consumers Financial Announces the Acquisition ofPraetorian Financial Services
Friday, April 22, 1:58 pm ETJack I. Ehrenhaus, Chairman of the Board stated, ``Praetorian will market and distribute bank-sponsored, stored-value debit cards to non-banking clients. The operation has already started up and looks very promising. We expect positive results beginning as early as this quarter with significant growth potential aver the next two years.''
Praetorian connects merchants and consumers, employers and employees by providing an immediate, secure and effective system to transfer payroll, commissions payments, money remittances, or to make purchases or pay bills. The acquisition is structured through the issuance of stock to be vested or earned through financial performance (This is a partial clip of the news. Go to yahoo or any financial news site to read the entire news release now.)Consumers Financial Buys an Interest in Medical Service
For the year ended December 31, 2004, Woodmere generated gross revenues (collected billings) of approximately 16,500,000 million dollars and was profitable. It operates from two facilities in Queens, New York, employs 16 people and services over 30 clients.
Mr. Ehrenhaus further stated, ``We see room for immediate expansion of the business that Woodmere does by simply marketing more intensely. Woodmere's proprietary software is extremely versatile in permitting its use in conjunction with numerous other ''front-end`` systems, and high capacity to handle numerous data entry points. These features will allow us to provide national organizations service with consoles and interactive features that should be very attractive to a large organization. Properly financed and properly marketed, Woodmere is anticipated to rapidly expand its business base. Because its pricing structure is competitively based, it allows the company to enter almost any market and contend for market share. We don't believe it is unrealistic to expect the business to double or triple within the next 12 to 18 months.'' (This is a partial clip of the news. Go to yahoo or any financial news site to read the entire news release now.)
About: Consumers Financial Corporation is a diversified merchant banking and financial services company dedicated to finding and assessing the value of microcap companies strategically located in markets where significant growth and profit can be obtained. CFIN targets companies where management is exceptional, products are proprietary, techniques, software or technology provide some measure of exclusivity, where profit margins are above average and where these companies can benefit from CFIN's financial assistance either through equity or creditfacilities. The Company trades under the symbol CFIN and can be found on the Over the Counter Pink Sheets
Keep your eyes glued on CFiN and add this company to your radar screens right now. Monday could prove to be a very exciting watch.
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