Milestone Capital (OTCBB:MLSP)
Milestone is a diversified financial services company whose objective is to develop a product offering, which will include residential and commercial mortgages, equipment leasing, insurance products, SBA loans, and selected consumer loans.
EliteAgents Mortgage Services, Inc. a wholly owned subsidiary of Milestone (http://www.eliteagents.com),
was established in 1999 as a mortgage banker and has spent the last three years and over $6 million developing several sophisticated computer systems to implement its strategic objective. One of these systems, for which a patent has been applied, allows a non-experienced individual to easily qualify a borrower for a mortgage and to evaluate offerings from numerous financial institutions to find the one which best fits the borrower. Once determined, the system allows the originator to obtain the necessary information to initiate the mortgage as well as perform the necessary steps to be eligible to receive a portion of the commission.
Experienced loan officers utilize this system to develop a network of realtors, financial planners, accountants, attorney's, home builders and other professionals to originate mortgages and receive a portion of the commission which this network generates in addition to their own commissions. This system is currently being modified to support leasing transactions for the newly formed subsidiary, EliteAgents Leasing and Technology Corp.
EliteAgents Leasing and Technology Corp., a wholly owned subsidiary of Milestone, provides leasing structures for a variety of equipment ranging from the small ticket office environment to large transactions for major corporations and governmental units. This includes office, IT, medical, and manufacturing equipment offered via a broad range of flexible leasing programs.