Frontera Investment Announces Second Quarter 2008 Financial Statements, Engagement of Auditors and New Director
Aug 18, 2008
Pink OTC Markets News Service
San Diego, CA — Frontera Investment, Inc., San Diego, CA (OTC:FRNV) announced today that it has posted its second quarter 2008 financial statements to Pink Sheets Issuer Services that can be located at www.pinksheets.com or the Company's website at www.fronterainvestment.com. Pink Sheets has created a new categorization system to alert investors about the ability and willingness of individual issuers to provide adequate public disclosure in a timely manner. This filing maintains the Company's rating at the second highest category rating regarding issuer disclosure, and the Company will be working toward further filings to ensure that it achieves the highest category possible.
The Company also retained Gregory R. Noonan, Certified Public Accountant to conduct an audit under the guidelines of the Public Company Accounting Oversight Board for the years 2007 and 2006. Once completed, the Company intends to file necessary documents with the Securities and Exchange Commission to become a fully reporting company.
The Company also elected Mr. Dale Kruger to its Board of Directors. Since 1993, Mr. Krueger has been the President and owner of Ashford Financial Group, Inc., a Michigan corporation that specializes in financial planning and asset management. He has been a registered representative licensed with FINRA since 1982. Ashford has provided investment banking consultation to small private companies and has participated in capital raises for companies such as WKQZ a local radio station, Warren Resources, an oil and gas company now listed on the NASDAQ, Coltrace Communications, a consortium of low power television stations, as well as Real Estate Investment Trusts and real estate development companies.
The Hispanic market is currently estimated at 40 million consumers, half are un-banked. About 35 percent of the total US households are un-banked or use alternative financial services companies.
Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete expansion within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in business strategy; and the successful integration of newly acquired businesses.
Please forward any inquiries to:
Allan C. Youngberg, CFO