Surety Capital Corp. Announces 2011 Third Quarter Earnings

Oct 18, 2011, 09:33 ET from Surety Capital Corp.

FORT WORTH, Texas, Oct. 18, 2011 /PRNewswire/ -- Surety Capital Corp. (OTCBB: SRYP.PK) announces its third quarter ended September 30, 2011 financial results.  Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $14,324.04, a 4% increase over the quarter ended June 30, 2011.  This is the third quarter in a row that Surety has had a net income from its ordinary business operations and had an increase in its quarterly net income.  Our acquisition of Herrera Financial Company has proven to be very successful."  

Surety finalized the acquisition of Herrera Financial Company's customer list, web-site, systems and name as of December 31, 2010.  Herrera Financial is a leading insurance assignment company operating throughout the United States.  Veronica Herrera established Herrera Financial in 2007 to provide insurance assignment financing primarily for Hispanic funeral homes.

CEO, Chairman Mendoza stated, "Surety is heavily advertising its services to the Latino funeral homes during the quarter and will increase it in the fourth quarter".  Mendoza further stated that "Surety is looking into a possible acquisition in the near future".  

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Forward-Looking Statement

This release contains forward-looking statements that reflect Surety's plans and expectations. In this press release and related comments by Company management, words like "hope,"  "profit," "leading," "opportunity,"  "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.

Media Contact
Chairman Ralph Mendoza,    Email:,       Tel. (817) 850-9800

SOURCE Surety Capital Corp.