To All:Tuesday February 4 9:27 AM EDT
Westmark Group Holdings, Inc. Announces a 315% Increase in Loan
Production
DELRAY BEACH, Fla., Feb. 4 /PRNewswire/ -- Westmark Group Holdings Inc announced today that through its subsidiary
Westmark Mortgage Corporation, achieved a 315% increase in loan production in January 1997, over the same period in
1996 for B/C paper. In January, the company posted $6.3 million in B/C loan production up from $2.0 million in January
1996. Revenue approximated $310,000 from B/C mortgage sales of approximately $5.5 million.
Westmark Group Holdings, Inc., COO, Mark Schaftlein, stated, "Our revenue numbers have remained on target and our
production results exceeded our business plan by $l.8 million. This puts us on track to achieve our desired results in 1997."
Westmark Mortgage Corporation, is a wholly owned subsidiary of Westmark Group Holdings, Inc. SOURCE Westmark
Group Holdings, Inc.
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