NEWPORT BEACH, Calif., June 21 /PRNewswire-FirstCall/ - TEAM Title, Inc., a wholly owned subsidiary of TEAM Nation Holdings Corporation ("TEAM") (OTC Bulletin Board: TEMN), is pleased to announce that on June 7, 2010 it received its Pennsylvania Resident Title Agent License. The license opens up direct operations in the state of Pennsylvania and is the first license awarded in TEAM's 38 state expansion plan. TEAM Title, Inc. will do business in Pennsylvania as TEAM Settlement Solutions. Its lender division will immediately begin placing orders for settlement and title services through the agency. TEAM's President, Janis Okerlund, Esq., will serve as the agency's individual licensee, a requirement of the Pennsylvania Department of Insurance. In addition to Pennsylvania, Ms. Okerlund has recently been granted individual licenses in Colorado, Georgia, Minnesota, Montana, North Dakota, New Hampshire, New Jersey, Rhode Island and West Virginia. Applications for agency licenses will be submitted to the regulatory authorities in those states in the coming weeks which, upon approval, will allow TEAM to process its own inventory of orders in those states, driving revenue to the agency.
Dennis Duffy, CEO of TEAM stated, "The Pennsylvania license is the first market opportunity for TEAM Title and will allow our lenders division to transact business directly in Pennsylvania, rather than deferring income through referrals. We intend to aggressively market all of TEAM's services in PA and additional states as we are licensed."
About TEAM Nation Holdings Corporation
TEAM Nation Holdings Corporation, a Nevada corporation ("TEAM-NV"), is a management and services company specializing in title insurance and escrow services through our affiliate title agency(ies), and the provision of management, production services, HR administration, IT support, and accounting administration for title insurance companies and related real estate ventures. Team Nation Holdings, a Nevada Corporation ("TEAM-NV"), is a holding Corporation for Team Title, Inc. a national title agency, and engages in direct settlement and ancillary operations through its Lender Solutions and Resource Solutions Divisions. For additional information, please visit http://www.teamnationholdings.com.
This news release contains forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks described in the company's filings with the SEC
SOURCE TEAM Nation Holdings Corporation