MIAMI, April 14, 2011 /PRNewswire/ -- Expert Group, Inc. (PINKSHEETS: EXPU) today commented on its first quarter 2011 progress deploying its Automated Teller Machines Placement (ATM), Advertisement-Portal (AP) system with over 5000 Transactions.
"The first quarter has ended with our ATM-AP installations in more than 20 locations and has already been used by thousands of clients," commented Robert Rico, Expert's president and chief executive officer. "The first quarter of 2011 has exceeded our expectations, while the entire company has been at work on multiple, concurrent initiatives. The highpoint of our fiscal 2011 first quarter was the launch of our ATM Division."
"Within the next 6 months the Company announced it projects to have over 100 ATMS and within 12 months we project over 1 million Transactions. Numerous ATM installations are underway in Florida. To-date, the company has entered into agreements for more than 30 installations during the first quarter, we expect double, or more, that number of agreements for the second quarter."
"The company also released revenue examples of its ATM-Ad-revenue sharing business model. To illustrate, we have provided an example here."
Using data from the chart, we find fully implemented Expert ATMs are generating an average of $3.75 per-Transaction, multiplied by 300 Transactions per month, equals annual gross revenues of $13, 500.00 or $1,350,000.00 for every 100 ATM.
"In addition, we formed a strategic partnership with RBS World bank, a proven real time data systems integration solutions provider, to integrate and deliver Expert's unique-to-the-industry Real Time transaction tracking system. This enables clients, vendors and salespersons to monitor in real time the activities of their Expert ATM.
"2011 has already seen remarkable progress in the execution of our business plan, finally, I look forward to soon, sharing a new company's milestone as well as another Expert first-in-class innovation," concluded Robert Rico.
Expert Group, Inc.
Expert Group, Inc. d.b.a. Expert Financing, Inc. -- EXPU -- is a company committed to your success; a company that provides not just services, but partnerships; a company with a long-standing reputation of honesty, integrity, and ethical business practices; a company with the resources to handle all your real estate needs. EXPU is one of the top-ranked Mortgage Banking firms in the industry, specializing in providing financing services for all types of Real Estate related transactions, including but not limited to residential, commercial, refinances, FHA, Jumbo Loans, Fannie Mae, Hotels, lodging, Franchises, SBA Loans, and Reverse mortgages as well as ATM placements.
As a certified correspondent lender and a FHA certified lending institution, EXPU can offer up to date loans to consumers, including Equity Lines, Hard Money, Mezzanine Financing, Debt Financing, conventional, non-conventional, and VA Loans.
Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments. Expert is rapidly becoming a market leader in the multibillion dollar Florida market. EXPU has built the infrastructure necessary to grow with state-of-the-art Facilities. Today, EXPU serves much realty as their mortgage bankers and has closed 100's of million in loan originations. Visit our website for more information: www.expertfinancing.net
Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.
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SOURCE Expert Group, Inc.