Mo Green - the May 3, 1999 release wherein MBHC is aligned with BOOMERS.COM... :)
Particularly this excerpt:
''A joint venture with Boomers should take MBHC into a new area of opportunity,'' said
Kevin P. Maloney, President of
MBHC. ''Boomers' soon-to-be- revamped web site may revolutionize delivery of products
and services to the baby boom
generation. We are fortunate that we have become part of the Boomers.com vision.
MBHC and its shareholders should
benefit significantly from this venture once we are online with Boomers.com. The
potential revenues and earnings from
this joint venture are staggering within the next 18-24 months,'' said Maloney.
The entire article:
Monday May 3, 11:51 am Eastern Time
Company Press Release
SOURCE: Mortgage Bankers Holding Corp.
Mortgage Bankers Holding Corp. Announces
Joint Venture Agreement With Boomers.com
PITTSBURGH, May 3 /PRNewswire/ -- Mortgage Bankers Holding Corp. (OTC Bulletin Board: MBHC - news) today
announced that it has entered into an agreement for a joint venture with Boomers.com, Inc. (www.boomers.com), a
privately owned Internet-based provider of products and services to the baby boom generation.
Under the terms of the proposed joint venture agreement, Mortgage Bankers Holding Corp. and its wholly owned
subsidiary, National Institute Companies of America, Inc. (NICA) will provide to Boomers.com a sole source solution for
financial services and products to be distributed via the Boomers web site.
''A joint venture with Boomers should take MBHC into a new area of opportunity,'' said Kevin P. Maloney, President of
MBHC. ''Boomers' soon-to-be- revamped web site may revolutionize delivery of products and services to the baby boom
generation. We are fortunate that we have become part of the Boomers.com vision. MBHC and its shareholders should
benefit significantly from this venture once we are online with Boomers.com. The potential revenues and earnings from
this joint venture are staggering within the next 18-24 months,'' said Maloney.
The services and products to be provided and made available by MBHC on the Boomers web site will include, but not be
limited to, access to multiple insurance carriers and products; investor services through licensed securities representatives
and registered investment advisors; financial and estate planning seminars; a system for ongoing promotion, support and
continuing education; access to mutual fund companies and mortgage lending.
Mortgage Bankers Holding Corporation has a diverse set of businesses and assets, including:
-- NICA, the endorsed provider of estate and financial planning services and products for the Independent Bankers
Association of Texas, Kentucky and Colorado; the Bankers Association of Nevada and Oklahoma; the Community
Bankers Association of California, Florida and Illinois; and the Independent Community Bankers of Wisconsin.
-- Mortgage Bankers Service Corp. (MBSC) is a mortgage corporation licensed in Pennsylvania, Ohio and West
Virginia to provide mortgage loans. MBSC typically brokers loans to investors before settlement.
For more information, contact Patty Hupfeld, MBHC, at 412-278-6272.
SOURCE: Mortgage Bankers Holding Corp.
More Quotes and News:
Mortgage Bankers Holdings Co (OTC BB:MBHC - news)
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