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.10 bagger Shearson Financial Network Bring on the BIG NEWS
The talks are aimed at utilizing Shearson's expertise in branch management to assist Sterling's customers to increase their mortgage banking activity by joining Shearson's branch network. The combined annual revenue of Sterling's customer base is approximately $300 million.
They will chase it up in due time, Bid whackers have weak hands and can't cover the ground they stand on LOL.
Let us drink from a saucer because are cups are filled! Good luck all :)
Today's news tomorrows milestones. Any way you count it
= More money!
$$$$Great News Read Here$$$$
Shearson Financial Network, Inc. Opens Talks With Sterling Eagle/Warehouse One Re: JV
2007-04-24 12:49 ET - News Release
LAS VEGAS, NV -- (MARKET WIRE) -- 04/24/07
Shearson Financial Network, Inc. (OTCBB: SFNN) www.sfnncorp.com announced today that it has opened discussions with Sterling Eagle www.sterlingeagle.com and its subsidiary, Warehouse One (Sterling) regarding a joint venture between the two companies. Sterling is in the business of providing warehouse banking credit lines to over 70 mortgage banking company customers with closed loan volume for 2006 in excess of $1.2 billion. Shearson Home Loans www.shearsonhomeloans.com operates a national mortgage branch network with licenses in over 30 states. The talks are aimed at utilizing Shearson's expertise in branch management to assist Sterling's customers to increase their mortgage banking activity by joining Shearson's branch network. The combined annual revenue of Sterling's customer base is approximately $300 million.
"This is an important first step in a business combination that both parties hope will have substantial benefits," stated Michael Barron, CEO and Chairman of Shearson Financial Network. "As we are able to assist Sterling Eagle with its client base, Shearson has a unique opportunity to present the Shearson operating record to Sterling's customers. Our hope is that many will choose to join the network because of this alliance."
Shearson Financial Network, Inc. reported net income of $2.8 million for the year ended December 31, 2006 and the company's operating unit, Shearson Home Loans, contributed $1.6 million to earnings. The value of Assets held by SFNN increased to $30.6 million for the year ended December 31, 2006 from $4.4 million in 2005, an increase of 590%. Net worth increased to $6.4 million from $(7.8) million during the same period, representing an increase of $14.2 million. Revenue from the originations of loans increased 25% or $1.7 million to $ 8.5 million Earnings per share for the year ended December 31, 2006 was $0.02 as compared to a loss per share of $0.50 from the year ended December 31, 2005.
Break Out! News More Money! Weeeeeeee!
Wall at .035 building Level II
Bing Bang Boom .01 .02 .03 Great News!
increase of 590%. News getting better!
.02 Makes a nice EOD To build on -e-
SFNN 52 week range: .01 - .17 (Yahoo Finance)
Look at this:
www.shearsonfinancialnetwork.com/financialperformance.html
Shearson Financial Network, Inc. Reports Annual Earnings Increase
Thursday April 12, 9:00 am ET
LAS VEGAS, NV--(MARKET WIRE)--Apr 12, 2007 -- Shearson Financial Network, www.sfnncorp.com, (OTC BB:SFNN.OB - News) announces that the company recorded earnings for the year ended December 31, 2006 of $2.8 million, as reported on Form 10-K, filed with the SEC today.
Shearson Financial Network, Inc. reported net income of $2.8 million for the year ending December 31, 2006 as compared to a net loss of $11.0 million for the same period in the prior year. The company's mortgage operating unit, Shearson Home Loans, contributed $1.6 million to earnings. The value of Assets held by SFNN increased to $30.6 million for the year ended December 31, 2006 from $4.4 million in 2005, an increase of 590%. Net worth increased to $6.4 million from $(7.8) million during the same period, representing an increase of $14.2 million. Revenue from the originations of loans increased 25% or $1.7 million to $8.5 million. Selling and general administrative expenses decreased 11.6% or $1.3 million as compared to the same period in the prior year. Earnings per share for the year ended December 31, 2006 was $0.02 as compared to a loss per share of $0.50 from the year ended December 31, 2005.
"We are pleased with the operating results our company has reported for 2006," stated Michael Barron, the company's Chairman. "In a challenging mortgage market which has seen the demise of substantial players, Shearson has managed to earn its way into a stable position as compared to some of its competitors. We look forward to a prosperous 2007."
Shearson Home Loans Branch Grows Loan Volume Amid Industry Woes
Friday April 13, 2:09 pm ET
LAS VEGAS, NV--(MARKET WIRE)--Apr 13, 2007 -- Shearson Financial Network, Inc. (OTC BB:SFNN.OB - News) www.sfnncorp.com, announced today that its wholly owned subsidiary, Shearson Home Loans www.shearsonhomeloans.com has set a year-to-date loan volume origination record for the Irvine, California based operations center of the company. Shearson Home Loans has generated loan volume in its banking loan pipeline of $44 million for the period ended April 10, 2007. The performance figures represent an increase of over 140% growth in loan volume over last year. The Company recently opened the Irvine operations center and despite industry woes, has continued to increase loan production submitted to its banking division.
"We are pleased that the Company has continued to grow during the competitive mortgage market here in the Irvine area," stated Doug Lawrence, President of Shearson Home Loans. "Our management team here has undertaken an aggressive growth plan and we are seeing great results."
"Their progress continues to underscore that Shearson Home Loans has maintained a steady and conservative governance which has allowed us to avoid issues that other companies in the industry are now experiencing," said Michael Barron, CEO of the parent company. "We have consistently stayed away from the sub-prime sector and have chosen to bank only about 20% of our total volume. This strategy has allowed the company to avoid the pitfalls of financing sub-standard credit and therefore avoid the risks as well. We believe this strategy is key to our current profitability and future plans," stated Barron.
SFNN 52 week range: .01 - .17 (Yahoo Finance)
Look at this:
www.shearsonfinancialnetwork.com/financialperformance.html
Shearson Financial Network, Inc. Reports Annual Earnings Increase
Thursday April 12, 9:00 am ET
LAS VEGAS, NV--(MARKET WIRE)--Apr 12, 2007 -- Shearson Financial Network, www.sfnncorp.com, (OTC BB:SFNN.OB - News) announces that the company recorded earnings for the year ended December 31, 2006 of $2.8 million, as reported on Form 10-K, filed with the SEC today.
Shearson Financial Network, Inc. reported net income of $2.8 million for the year ending December 31, 2006 as compared to a net loss of $11.0 million for the same period in the prior year. The company's mortgage operating unit, Shearson Home Loans, contributed $1.6 million to earnings. The value of Assets held by SFNN increased to $30.6 million for the year ended December 31, 2006 from $4.4 million in 2005, an increase of 590%. Net worth increased to $6.4 million from $(7.8) million during the same period, representing an increase of $14.2 million. Revenue from the originations of loans increased 25% or $1.7 million to $8.5 million. Selling and general administrative expenses decreased 11.6% or $1.3 million as compared to the same period in the prior year. Earnings per share for the year ended December 31, 2006 was $0.02 as compared to a loss per share of $0.50 from the year ended December 31, 2005.
"We are pleased with the operating results our company has reported for 2006," stated Michael Barron, the company's Chairman. "In a challenging mortgage market which has seen the demise of substantial players, Shearson has managed to earn its way into a stable position as compared to some of its competitors. We look forward to a prosperous 2007."
Shearson Home Loans Branch Grows Loan Volume Amid Industry Woes
Friday April 13, 2:09 pm ET
LAS VEGAS, NV--(MARKET WIRE)--Apr 13, 2007 -- Shearson Financial Network, Inc. (OTC BB:SFNN.OB - News) www.sfnncorp.com, announced today that its wholly owned subsidiary, Shearson Home Loans www.shearsonhomeloans.com has set a year-to-date loan volume origination record for the Irvine, California based operations center of the company. Shearson Home Loans has generated loan volume in its banking loan pipeline of $44 million for the period ended April 10, 2007. The performance figures represent an increase of over 140% growth in loan volume over last year. The Company recently opened the Irvine operations center and despite industry woes, has continued to increase loan production submitted to its banking division.
"We are pleased that the Company has continued to grow during the competitive mortgage market here in the Irvine area," stated Doug Lawrence, President of Shearson Home Loans. "Our management team here has undertaken an aggressive growth plan and we are seeing great results."
"Their progress continues to underscore that Shearson Home Loans has maintained a steady and conservative governance which has allowed us to avoid issues that other companies in the industry are now experiencing," said Michael Barron, CEO of the parent company. "We have consistently stayed away from the sub-prime sector and have chosen to bank only about 20% of our total volume. This strategy has allowed the company to avoid the pitfalls of financing sub-standard credit and therefore avoid the risks as well. We believe this strategy is key to our current profitability and future plans," stated Barron.
52 week range: .01 - .17 (Yahoo Finance)
Look at this:
www.shearsonfinancialnetwork.com/financialperformance.html
Shearson Financial Network, Inc. Reports Annual Earnings Increase
Thursday April 12, 9:00 am ET
LAS VEGAS, NV--(MARKET WIRE)--Apr 12, 2007 -- Shearson Financial Network, www.sfnncorp.com, (OTC BB:SFNN.OB - News) announces that the company recorded earnings for the year ended December 31, 2006 of $2.8 million, as reported on Form 10-K, filed with the SEC today.
Shearson Financial Network, Inc. reported net income of $2.8 million for the year ending December 31, 2006 as compared to a net loss of $11.0 million for the same period in the prior year. The company's mortgage operating unit, Shearson Home Loans, contributed $1.6 million to earnings. The value of Assets held by SFNN increased to $30.6 million for the year ended December 31, 2006 from $4.4 million in 2005, an increase of 590%. Net worth increased to $6.4 million from $(7.8) million during the same period, representing an increase of $14.2 million. Revenue from the originations of loans increased 25% or $1.7 million to $8.5 million. Selling and general administrative expenses decreased 11.6% or $1.3 million as compared to the same period in the prior year. Earnings per share for the year ended December 31, 2006 was $0.02 as compared to a loss per share of $0.50 from the year ended December 31, 2005.
"We are pleased with the operating results our company has reported for 2006," stated Michael Barron, the company's Chairman. "In a challenging mortgage market which has seen the demise of substantial players, Shearson has managed to earn its way into a stable position as compared to some of its competitors. We look forward to a prosperous 2007."
Shearson Home Loans Branch Grows Loan Volume Amid Industry Woes
Friday April 13, 2:09 pm ET
LAS VEGAS, NV--(MARKET WIRE)--Apr 13, 2007 -- Shearson Financial Network, Inc. (OTC BB:SFNN.OB - News) www.sfnncorp.com, announced today that its wholly owned subsidiary, Shearson Home Loans www.shearsonhomeloans.com has set a year-to-date loan volume origination record for the Irvine, California based operations center of the company. Shearson Home Loans has generated loan volume in its banking loan pipeline of $44 million for the period ended April 10, 2007. The performance figures represent an increase of over 140% growth in loan volume over last year. The Company recently opened the Irvine operations center and despite industry woes, has continued to increase loan production submitted to its banking division.
"We are pleased that the Company has continued to grow during the competitive mortgage market here in the Irvine area," stated Doug Lawrence, President of Shearson Home Loans. "Our management team here has undertaken an aggressive growth plan and we are seeing great results."
"Their progress continues to underscore that Shearson Home Loans has maintained a steady and conservative governance which has allowed us to avoid issues that other companies in the industry are now experiencing," said Michael Barron, CEO of the parent company. "We have consistently stayed away from the sub-prime sector and have chosen to bank only about 20% of our total volume. This strategy has allowed the company to avoid the pitfalls of financing sub-standard credit and therefore avoid the risks as well. We believe this strategy is key to our current profitability and future plans," stated Barron.
I like this part increase of 590%.
The updated web page could do a little better with the new release that are advertised all over TV Like "The Queen" set for release on Tuesday. GameznFlix should have all new releases that are advertised on TV for release on "Tuesday's" ready to mail out as many as they can and highlighted to show this week's new releases! To bad I have to search for them and when I try to rent them there listed as "on order" so I wait and wait. More improvements need to be made.
Good morning Capt.Wick(50) I will be watching and waiting with power ready on the call from headquarters! Hope to see the rocket moved to the launching pad. Oh what a fun ride this will be leaving from this level. Over due YES! Over due :)
I would like to see .02 at EOD Then 1Q oh Yeah!
Joe with the resent NEWS and climb in the PPS, it is something to cheer about! I don't think a negative board would make you feel any better would it? Sorry for my outbursts GO SFNN GO!
No walls gonna hold this long! I feel a RUN coming on!
Looks like a run threw EOD and Gap in AM.
YES! SFNN ready to run!
sfnn News LAS VEGAS, NV, Apr 19, 2007 (MARKET WIRE via COMTEX) -- Shearson Financial
Network, Inc. (OTCBB: SFNN) (www.sfnncorp.com) announced today that its wholly
owned subsidiary, Shearson Home Loans (www.shearsonhomeloans.com), has applied
to expand its warehouse banking capacity by $20 million. Amid growing
originations at the Company, additional mortgage warehouse lines of credit are
needed to meet the demand for banked products. The Company currently has in
excess of $20 million in warehouse banking credit lines.
"Our Company is experiencing strong growth due to an aggressive recruitment
program following a first quarter that saw many of the industry originators
depart the business. We are facilitating a home for many of the displaced loan
officers and wholesale account personnel within Shearson and welcome their
business," stated Michael Barron, CEO and Chairman of Shearson Financial
Network, the Company's parent. "The additional credit facility is part of our
plan to expand the loan volume we bank through our loan center."
Shearson Financial Network, Inc. reported net income of $2.8 million for the
year ending December 31, 2006 and the company's operating unit, Shearson Home
Loans, contributed $1.6 million to earnings. The value of Assets held by SFNN
increased to $30.6 million for the year ended December 31, 2006 from $4.4
million in 2005, an increase of 590%. Net worth increased to $6.4 million from
$(7.8) million during the same period, representing an increase of $14.2
million. Revenue from the originations of loans increased 25% or $1.7 million to
$8.5 million Earnings per share for the year ended December 31, 2006 was $0.02
as compared to a loss per share of $0.50 from the year ended December 31, 2005.
When Nite moves off the ask we fly! Pressure building!
UMCC looks interesting at .018 today
I'm in sfnn this time. At what price do you think it will top out? TIA.
Monster 10QSB on the way Legs Legs Legs!
Thanks ledzep, that is what I was looking for. I am going to buy some SFNN on the next pull back if it does pullback at all.
Thanks again.
MGLG, is very interesting any opinions?
JF 80% BS Chip 20% PRO eom.
NITE and SBSH Held .0006 the last few times. I hope they can do it again this time around.
Ah! To see the start of a up trend, a nice staircase to the upside would be a wonderful thing. May the force be with us :)
I hope it trades in the higher part of the range then the lower part for maximum take off. Thanks capt. Wick (w50)
Game Rental Reviews - Compare Online Game Rentals
http://rent-games.6starreviews.com
Looks like we past the .0006 test! Now let the pps rise :)
There are plenty of small company's in the movie and or game rental biz. That have very poor service! A lot of online renters don't trust them anymore. I will be happy to see a GameznFlix TV ad touting great service and at least the same turn around times as BB and Netflix. Then we can gain a greater percent of that market share. I'm all for a cheaper way of getting the TV advertisement, I just would like to see it along with great service as well! The best is yet to come, Go GameznFlix!
I also found GnF from stocks. Want to grow and have as many sub's as BB and Netflix? Then " TV " Is where it's at! Now is a great time for a TV ad, BB has opened the door.
BB got me from there store and then to there online biz. The whole time I wanted to rent Movies and games from the same account! GameznFlix gives me exactly what I want for less :)
I would like to see GameznFlix TV ad, much like BB compares itself to Netflix and show the world exactly what "GameznFlix has to offer! I think a lot of sub's will come our way as A Large percent of them will "Make the switch to GameznFlix"
Z, I must chime in as you post part of my sig.
"Movies AND Games for Less..."
I'm staying at cash! Looks like there will be more stock to buy for less also! jmho
100% correct! Very unusual, I won't need the whole chair tomorrow because I will only be seating on the edge.
Cheers!