FORT WORTH, Texas, May 8, 2013 /PRNewswire/ -- Surety Capital Corp. (SRYP.PK) announces its first quarter ended March 31, 2013 financial results. Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $12,005 ($0.001 per share) a 19.6% increase over the same quarter ended March 31, 2012. This is the ninth 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 funeral insurance assignment company operating throughout the United States. Veronica Herrera, the Fort Worth 2012 Hispanic Entrepreneur of the year, established Herrera Financial in 2007 to provide insurance assignment financing primarily for Hispanic funeral homes.
CEO, Chairman Mendoza stated, "Surety has heavily advertised its services to the Latino funeral homes and cemeteries during the quarter and has hired a full time sales person to increase its business." Mendoza further stated that, "Surety is looking into a possible acquisition in the near future."
Surety Capital Corporation only has 16,320,973 shares outstanding.
For more details concerning our financial statements, reports and the "Financing Friends Reward Program", please contact either Ralph Mendoza or Dick Abrams at 817.850.9800 or [email protected].
Market Statement: Some limited information about Surety is contained on the OTC Markets OTCPink website; however the Company does not file reports with the Securities and Exchange Commission or otherwise make current financial or other information publicly available. With a lack of current public information available, anyone considering purchasing or selling the Company shares should carefully consider the risks involved with the lack of having such information.
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.
Chairman Ralph Mendoza, Email: [email protected], Tel. (817) 850-9800
SOURCE Surety Capital Corp.