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Microcap & Penny Stocks : RWRD - Reward Enterprises, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (80)	6/28/2005 4:50:56 PM
From: Tadsamillionaire	Read Replies (1) \| Respond to of 86

My guess is they received funding.... Looks like m/m manipulation today on that much volume... Probably go higher in the following days, what do you think? The Company's goal is to become a nationwide provider of consumer financial services focused on sub-prime lending to consumers for auto loans, mortgages, insurance products, branded MasterCard and Visa credit cards and debit cards and various other consumer financial services. The Company has completed a merger with Consumers Choice Financial Services, Inc. of Houston, TX ("CCF") that would provide an entry into the consumer financial services business. Through the acquisition of CCF, the Company can potentially offer a broad range of integrated consumer loans to sub-prime consumers. CCF has systems in place that identify targeted sub-prime consumers that maintain good earning power but have items on their credit reports that have caused their credit scores to drop into the sub-prime category. With associations currently in place, CCF would market consumer loan products to these targeted customers and contract with other financial institutions that would service the subsequent loans that were made. We expect that we need approximately $150,000 over the next 12 month period. Without adequate funding the product will not progress. Obtaining financing depends on current market conditions, the willingness of the investment community to make investments into a consumer financial services business, the timing of key developments of the banking license and other similar factors. We cannot provide any assurances that we will be able to secure the funding. Results of Operations Net losses from operations for the quarter ended March 31, 2005 were $66,427, as compared to $27,463 for the same period in 2004. The net loss for 2005 translates into a loss of $0.00 per share compared to a loss of $0.00 per share for the same period in 2004. Our expenses in 2005 were primarily professional fees incurred in keeping our securities filings current from the inception of the development stage, which began in January 2004. In the first quarter of 2004, we had expenses of $181,294 related to our discontinued operations. We had no revenues in the quarter ended March 31, 2005.