Transnational Financial Corp. - Outstanding Growth !!

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Non-Tech
Transnational Financial Corp. - Outstanding Growth !!

An SI Board Since March 1999

Posts	SubjectMarks	Bans
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Emcee: Jim Drewitz	Type: Unmoderated

Introduction Compact

TRANSNATIONAL FINANCIAL CORPORATION (AMEX: TFN) POISED FOR OUTSTANDING GROWTH - SMALL CAP, FAST TRACK, UNDER-VALUED.

Transnational Financial Corporation, San Francisco, CA. is a wholesale and retail mortgage banker that originates, funds and sell mortgage loans secured by one-to-four family residential properties. TFN has been experiencing impressive growth over the past few years. For 1999 they are projecting $1.9 Billion in Loan Production. TFN began in 1985 by a Russian immigrant husband and wife team – Joseph and Maria Kristul. Maria serves as President, managing the retail operation and has established a very strong market niche in the Asian community. Joseph CEO, created the wholesale division and now maintains the overall operations. They have four offices, three in the San Francisco Bay area and one in Tustin, CA.

RECENT TFN HIGHLIGHTS:
* Record Loan Production for February '99 - $87.1 Million –38% increase 3/9/99
*Record Loan Production for January '99 The Company reported $95.9 Million – an increase of 110%
*Projected Loan Production for '99 is $ 1.9 Billion – a 99% increase compared to 1998
* Record Loan Production for 1998 - $955 Million – an increase of 123%
Loan Production for the fourth quarter was $315 Million vs. $159 Million in '97
* Record Loan Production November $103 Million, October $94 Million
* Announces Joint Agreement with Contour to Develop Loan Origination Technology - New technology will allow a seamless transfer of borrowers' loan data electronically from mortgage brokers to TFN via the Internet. It will reduce overhead and increase service.
* $30 Million Increase In Warehouse Line of Credit

TRANSNATIONAL FINANCIAL CORPORATION

Three Months ended 9/30 Nine Months ended 9/30
1998 1997 1998 1997
Gross Revenues $2,901,441 $929,434 $7,580,323 $2,374,689
Net Income $320,323 - - -
Pro Forma Net Income - $83,312 $698,725 $262,327
Earnings Per Share
Basic $.09 $.03 $.24 $.10
Diluted $.09 $.03 $.24 $.10
Weighted Avg. Shares Outstanding
Basic 3,700,000 2,500,000 2,930,769 2,500,000
Diluted 3,700,000 2,500,000 2,930,769 2,500,000

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