To: SSP who wrote (22904 ) 1/28/2000 7:12:00 AM From: myturn Read Replies (2) | Respond to of 150070
LAHA, thank you SSP. I believe LAHA shows great promise as a great long term investment. The company told me they will be filing their 10Q any day now and it will show a profit. Their anticipated revenues for 2000 are 24 million. Their run rate (loan origination) will be approximately $1 billion dollars next year. You can pre-qualify for a loan directly from their web site..accentmortgage.com Commenting on the proposed transaction, L. Scott Demerau, Chairman and Chief Executive Officer of Lahaina stated, ``Our wholly owned subsidiary, Accent Mortgage Services, Inc. ('AMS``) has made a name for itself in the mortgage brokerage industry over the past six months and has recruited more than 200 new branches. We are extremely excited about the prospects of partnering with Paradigm to accelerate our growth. The Executive Management team of AMS and Paradigm together offer more than 500 years of combined mortgage experience to the market. Both companies realize the importance of education and training, and have trained more than 1,000 employees through Paradigm University and Accent Mortgage Academy.' Demerau continued, ``The joining of these two great organizations provides an excellent platform for more accelerated growth in our mortgage brokerage division and we believe it will propel us 18 months ahead of our growth model.' ``This transaction makes a great deal of sense for both Paradigm and Accent Mortgage Services,' stated Robert Harrell, Chief Executive Officer and President of Paradigm. Both of our companies have experienced significant growth during the past year, and the broker/banker combination clearly sets the stage for us to become a major player in the mortgage industry. We should be able to realize significant benefits as a larger player and with combined cost savings,`` Harrell continued. The CEO, Scott Demerau, was Entrepreneur of the year in 1994 in INC. magazine. Since inception of becoming a public entity last year; LAHA has now over 250 branches.