Amerinet Financial Services, Inc. (OTB:BB-ANFS) signed an agreement with Costco Companies, Inc. to market its mortgage and real estate program to Costco's 15,000,000 members. Successfully started in Washington State, the program is expanding into Arizona and Colorado. The largest financial institutions and real estate brokerages are now offering their products and services to homebuyers and sellers via ANFS.
With only 500,000 shares in the float (7,500,000 shares outstanding), the $5.00 stock price has to explode as Costco's rollout picks up momentum (ANFS is averaging $1,000,000/day in mortgages and will be signing more agreements with other affinity groups).
Bill Yeager, a founder of ANFS, and his brother Phil have invested about $7,000,000 in ANFS. Prior to ANFS, they were co-founders and co-owners of the Century 21 real estate franchise system in Southern California, the Pacific Northwest and Mexico. They sold their interests to HFS, Inc. in 1996 for $46,000,000. |
