Hi Jake, Redhead, & Dexx! JNNE developed the program that Costco uses to provide financial services to their members. It is handled through Amerinet (OTC:BB ANFS).
Here's a the press release from ANFS that talks about the CARES (Consumer Advantage Real Estate Services) program. By the way, this program can also be used through other mass market retailers.
biz.yahoo.com
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Wednesday April 1, 2:03 pm Eastern Time
Company Press Release
AmeriNet Financial Systems, Inc. Announces Approval
to Begin Business in Virginia
ENGLEWOOD, Colo.--(BUSINESS WIRE)--April 1, 1998--AmeriNet Financial Systems, Inc.
(OTC BB: ANFS - news), announced today it has received the necessary approvals from the State of Virginia to begin offering the CARES(TM) Program to Costco members, veterans and others through affinity groups and corporations.
The AmeriNet CARES(TM) Program offers significant cash rebates to home buyers and home sellers when they sell, purchase and finance their personal residence.
Eric Cunliffe, President and Chief Operating Officer of AmeriNet, said: ''Virginia was selected as AmeriNet's first East Coast state because of the number of veterans, military personnel and Costco members who reside in the Washington DC area. We expect Maryland and Washington DC to be added shortly after Virginia. Over fourteen real estate brokerage companies in Virginia have been approved to provide real estate services to CARES(TM) members. We were delighted with the speed with which the State of Virginia issued the required approvals.
AmeriNet appreciates the responsiveness of the Virginia real estate commission and mortgage banking licensing division, which allows us to bring the CARES(TM) Program to the Virginia citizens.''
Earlier this year the Company announced that VETS(R) Data Corporation had joined AmeriNet as a CARES(TM) Provider Organization. Through VETS(R), which already serves 7 million veterans, all 26 million veterans and their families will now be eligible to receive cash rebates every time they sell, purchase or finance a home. On a typical $200,000 real estate and mortgage transaction, the CARES(TM) Member could receive as much as $5,000 cash back.
AmeriNet Financial Systems, Inc. provides consumers with technology based and personal contact real estate and mortgage services via affinity groups, corporations and the Internet. AmeriNet's mission is to reduce the cost and stress of home ownership and help more people
realize the American dream of home ownership.
Contact:
AmeriNet Financial Systems, Inc.
Ed Gresham, 303/267-1946; Fax: 303/290-0180
Web Site: www.Ameri-Net.com
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Best wishes,
Brad |
