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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.
