WGHI - West Mark Group Holdings Message Board

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Microcap & Penny Stocks : WGHI - West Mark Group Holdings

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To: Jeff Briley who wrote (110)	2/20/1997 7:43:00 PM
From: lanedo	of 255

Jeff this was an article I found on the WSJ interactive dated Feb 12. After further review I see that it comes from the Dow Jones News Service. Sorry about the error. Dow Jones News Service -- February 12, 1997 Westmark Grp Hldgs Says Loan Sale Will Add To 1Q Earnings DELRAY BEACH, Fla. (Dow Jones)--Westmark Group Holdings Inc.'s (WGHI) mortgage unit completed bulk loan sales of $4.2 million, which it said will result in about $252,000 in added revenues. A company spokesman said the revenues will have a positive impact on Westmark Group's first-quarter earnings. In a press release Wednesday, the company said the bulk loan sale of B-C non-conforming loans was completed through its Westmark Mortgage Corp. to Money Store Inc. (MONE), Aames Financial Corp. (AAM) and National Capital Funding Inc. Westmark Group reported a loss of $275,306, or 10 cents a share, on revenues of $991,393 for the first quarter ended March 31, 1996. Westmark Group will report fourth-quarter and full-year 1996 results between March 5 and March 10, the company spokesman said. Westmark Group Holdings Inc. is a holding company with subsidiaries which underwrites and sells residential mortgage loans.

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