Business
Complete Financial Solutions Announces 2nd Quarter 2014 Financial Results
Complete Financial Solutions Announces 2nd Quarter 2014 Financial Results.
About this update from Complete Financial Solutions, Inc.
[{"type":"text","content":"\n \n Complete Financial Solutions Inc. (“CFSI” and OTC trading symbol “CFSU”) \n announced results for its 2nd quarter 2014 which were \n recently posted on the OTC Markets Disclosure and News Service.\n \n \n Second Quarter 2014 Results (Compared to 2013)\n \n \n \n Revenue for the three months increased 22.3% to $2,556,148 compared to \n $2,089,375\n \n \n Revenue for the six months increased 7.8% to $4,003,226 compared to \n $3,713,781\n \n \n Income from operations for the three months decreased to $3,515 \n compared to $28,259\n \n \n Income from operations for the six months increased to $20,514 \n compared to $3,170\n \n \n \n “We rebounded from a slow first quarter with an increase in home \n purchase activity in the second quarter, and our strong surge in \n revenues appears to be continuing. Operating income is directly impacted \n by the salaries and wages we pay our employees. Our compensation \n programs for our employees are designed to reward the high quality of \n service and programs that we offer our borrowers. Overall our financial \n performance for the first six months of 2014 is stronger than 2013 and \n we expect this trend to continue for the balance of the year,” stated \n Allen Ringer, CEO.\n \n \n About CFSI\n \n \n Complete Financial Solutions Inc. is an emerging financial services \n company. Through its subsidiary companies, CFSI offers mortgage \n origination and processing services in 25 states. Acceptance Capital \n Mortgage Corporation (“ACMC”) is a HUD-approved lender allowing ACMC to \n both bank and broker FHA loans. ACMC offers a spectrum of mortgage \n products through a variety of correspondent and broker relationships. \n Insurance Solutions Inc. offers protection products to mortgage \n customers of ACMC and to the general public. For more information, visit \n our website at www.cfsi.biz.\n \n \n This press release may contain forward-looking statements that \n involve risks and uncertainties concerning our expected performance and \n comments within the safe harbor provisions established under The Private \n Securities Litigation Reform Act of 1995. Actual results may differ \n materially from the results predicted and reported results should not be \n considered as an indication of our future performance. We believe that \n these potent...