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LAHAINA ACQUISITIONS, INC. (OTC BB: LAHA), is a public holding company with a carefully crafted business strategy to match its vision: The integration of its divisions into one synergistic, dynamic and profitable organization. The company's divisions are: The Financial Services Group: provides mortgage financing and consumer credit in 20 states, primarily within Sunbelt markets. In addition to their focus in highly populated metropolitan areas, they have a presence in some of the same resort markets that the Resort Strategies Group has holdings. LAHA's commitment into the fast growing and profitable mortgage finance market was highlighted when, on January 11, 2000, it announced it executed a letter of intent to acquire all of the issued and outstanding common stock of Paradigm Mortgage Associates, Inc. of Jacksonville, Florida. Paradigm is one of the largest cooperative branch mortgage companies in the country with more than 250 branch offices. (See press release, below). Taking advantage of the Internet and the growth of e-commerce, LAHA's Accent Mortgage Services, part of The Accent Group, expanded its network of branches by opening over 140 "Net-Branches." Now online, Accent markets "Internet based" mortgage processing to its branches, all without the expense traditionally associated with construction of branch offices. This concept is now a nationwide, "Net-Branch" mortgage organization. L. Scott Demerau, Chairman and CEO of both Lahaina and The Accent Group, Inc., explained the substantial benefits of "Net Branch" as follows: "We feel this makes us more efficient and provides the benefits of field operations to interface with the clients, but without the overhead of a large corporate staff." Additionally, Demerau, continued, "These activities represent a significant base for our future growth, with the "Net-Branch" being our technology leverage. This allows us to compete with other firms like E-Loan (NASDAQ:EELN) and Mortgage.com (NASDAQ:MDCM)." The Resort Strategies Group, comprised of Klein Real Estate Services, Inc. (KRES), is focused on real estate and related businesses within emerging resort markets. In these areas the rapid growth in vacationing, coupled with an increase in the ownership of second homes, is creating property appreciation and increased business activity at a rate greater than many other metropolitan areas. KRES is based in Amelia Island, Florida. Another exciting and upcoming business area for the company is its Internet & Communications Group. It provides advertising, marketing and electronic commerce which takes advantage of the latest capabilities for interactive online, "on-demand" streaming of video and audio via the Internet, including integrated solutions for marketing, training and e-commerce applications in retail, lodging and real estate. The Internet & Communications Group's Accent Academy shares the responsibility for the successful opening of the "Net Branches" previously discussed, by providing the training in residential mortgage financing, stage funding and other mortgage activities to employees and managers involved in the project. Outstanding Shares: 16.5 million. The float: 1.5 million Free Trading shares: 400k. For more information, contact L. Scott Demerau; Chairman at (770) 754-6140 and visit the mortgage subsidiary on the Internet at www.accentmortgage.com . | ||||||||||||
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