Complete Financial Solutions Inc. (OTC trading symbol
“CFSU”) has posted its 3rd quarter operating results. Revenues in
the 3rd quarter were $1,844,304, an increase of 80.94% over the same
period in 2011. Year to date 2012 Revenues of $4,543,096 compared to $2,795,680
in 2011, a 62.5% increase.





“We are very pleased with our 2012 results” commented Allen
Ringer, Investor Relations Officer at Complete Financial. “We generate most of
our Revenues through our subsidiary Acceptance Capital Mortgage Corporation”
says Mr. Ringer, “and many of our Acceptance branches are having a terrific
year. In addition we have attracted a number of quality new branches and that
is really helping our resurgence.”





This growth in Revenue at Acceptance Capital was offset by a
lag in purchasing loans from warehouse lines, an issue which is currently
systemic and common to many lenders. As a result ACMC held a significant
portion of its Revenue in Accounts Receivable, which led to a small operating
Loss in the 3rd quarter. Mr. Ringer went on to say that “The good
news for us will be when these loans are purchased from the warehouse line by
Investors, at which time we will to convert Accounts Receivables to Income, and
we should see a nice return to profits in the 4th quarter.”





Complete Financial Solutions
Inc. is an emerging financial services company. Through its subsidiary
companies, CFSI offers mortgage origination and processing services in 24+
states. Its subsidiary Acceptance Capital Mortgage Corporation is a HUD
approved lender thereby allowing ACMC to both bank and broker FHA loans. ACMC
offers a full spectrum of common and niche mortgage products through a variety
of correspondent and broker relationships. Its newest subsidiary Insurance
Solutions Inc. offers protection products to mortgage customers of ACMC and to
the general public, where properly licensed to do so. For more information,
visit our website at www.cfsi.biz.



Forward Looking Statements





This release may include forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements regarding our expected future financial position, results of
operations, cash flows, financing plans, business strategy, products and
services, competitive positions, growth opportunities, plans and objectives of
management for future operations, as well as statements that include words such
as "anticipate," "if," "believe,"
"plan," "estimate," "expect," "intend,"
"may," "could," "should," "will," and
other similar expressions are forward-looking statements. All forward-looking
statements involve risks, uncertainties and contingencies, many of which are
beyond our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results, performance, or
achievements. Factors that may cause actual results to differ materially from
those in the forward-looking statements include those set forth in our Form
10-K and other reports filed with the SEC. We are under no obligation to (and
expressly disclaim any such obligation to) update or alter our forward-looking
statements, whether as a result of new information, future events or otherwise.

Complete Financial Solut... (CE) (USOTC:CFSU)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Complete Financial Solut... (CE).
Complete Financial Solut... (CE) (USOTC:CFSU)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Complete Financial Solut... (CE).