Hi Elliott! That is exactly what I see here. I asked Joseph Naughton (CEO) to clarify that for me to make sure I fully understood it. And he confirmed that example as a fair representation.
One of the great things here is that COSTCO is a major retailer and people in many parts of the country can verify the Costco program.
I saw this press release that ANFS put out about the COSTCO program.
biz.yahoo.com
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Tuesday April 14, 8:09 am Eastern Time
Company Press Release
AmeriNet Financial Systems, Inc. Announces Cash Rebates Totaling Over $1,000,000
ENGLEWOOD, Colo.--(BUSINESS WIRE)--April 14, 1998--AmeriNet Financial Systems, Inc. (OTC BB:ANFS - news), announced today it has paid out over $1,000,000 in cash rebates to consumers since introducing the CARES(tm) Program in October, 1997.
The AmeriNet CARES(tm) Program pays consumers cash rebates and discounts when buying, selling, financing and refinancing their home. On a typical real estate and mortgage transaction, the CARES(tm) Program member could receive cash rebates totaling over $8,600. The
AmeriNet CARES(tm) Program is made available to corporations and affinity groups' employees and members and direct to consumers over AmeriNet's Internet Web site. Members and employees of Costco Companies and VETS(R) Data Corporation were the major benefactors of
the AmeriNet CARES(tm) Program.
Eric Cunliffe, President and Chief Operating Officer of AmeriNet said, ''AmeriNet processed almost $1 billion in mortgage loans and over $256 million in real estate transactions. The Company's revenue is increasing at over 25% per month. AmeriNet is expanding into Virginia,
Maryland and D.C. in April and California shortly thereafter. Revenues are expected to continue to increase as these and other states are opened. Currently, AmeriNet has approved over 80 real estate brokers with over 250 offices in Washington, Oregon, Arizona, New Mexico,
Colorado and Virginia and 55 mortgage lenders to participate in the CARES(tm) Program.''
AmeriNet Financial Systems, Inc. operates a technology based, personal contact real estate service. This service provides consumers with cash rebates coupled with unbiased and objective home buying, home selling and home financing assistance. AmeriNet's mission is to reduce the cost and stress of home ownership.
Contact:
AmeriNet Financial Systems, Inc.
Ed Gresham, 303/267-1946 Fax: 303/290/0180
Web Site: Ameri-Net.com
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Best wishes,
Brad |
