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Mortgage Bankers Holding Corp. Announces the Engagement of B.H.Capital Limited To Assist in Obtaining Credit Facilities as well asto Provide Mergers and Acquisitions ConsultingCARNEGIE, Pa., Nov. 6 /PRNewswire/ -- Mortgage Bankers Holding Corp.(OTC BULLETIN BOARD: MBHC) announced today that it has entered intoa formal contract with B.H. Capital Limited, an Albuquerque, NewMexico based company with offices in Houston and Denver comprised ofCorporate Finance Consultants, Management Consultants, Merchant andInvestment Bankers, and Legal Consultants offering over 75 years ofbusiness, management and corporate financial experience to assist inthe identification of credit/capital resources that may provideasset-based lines of credit, operating lines of credit, workingcapital lines of credit, warehouse credit line facilities,acquisition financing, private equity capital, and public equitycapital to Mortgage Bankers Holding Corp., as well as provide to theCompany mergers and acquisitions consulting.
B.H. Capital Limited takes a proactive approach to analyzingspecific financing needs which should enable Mortgage BankersHolding Corp. to achieve its expansion goals in the near term. George Lovato, Jr., President of B.H. Capital Limited, commentedthat B.H. Capital Limited "can provide business financing servicesthat can meet the needs of almost any business situation in anaffordable and timely manner." During calendar year 1996, B.H.Capital Limited provided Corporate Finance Consulting and MerchantBanking Services resulting in excess of $75,000,000 of financialcommitments and other financing mechanism on behalf of its clients.
Mortgage Bankers Holding Corp.'s Chairman, Raymond P.Sobieralski, stated "The addition of B.H. Capital Limited as aconsultant to our Board of Directors will enable MBHC to expand it'soperations at a more expedient rate thus providing the most directpath to greater earnings and profitability."
Mortgage Bankers Holding Corp. is a diversified technology-basedfinancial services company, which, through its subsidiaries utilizesdata transfer and exchange to offer a full spectrum of financial andasset management services and products.SOURCE Mortgage Bankers Holding Corp.
-0- 11/06/97/CONTACT: Raymond P. Sobieralski, Chairman of Mortgage BankersHolding Corp., 888-226-5371, or Ira W. Miller or Omar Sanchez, bothof I.W. Miller & Co., Inc., 800-495-4553/
(MBHC)
Copied from the PRODIGY(R) service 11/06/97 10:33
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