Business
Press Release, 02OCT09
Press Release, 02OCT09.
About this update from Complete Financial Solutions, Inc.
[{"type":"text","content":" Normal 0 false false false MicrosoftInternetExplorer4 COMPLETE FINANCIAL SOLUTIONS, INC RELEASES SECOND QUARTERFINANCIAL RESULTS Spokane, WA, October 2, 2009. Pink OTC Symbol CFSU Complete Financial Solutions, Inc recently released its second quarter financial results featuring revenue growth for three consecutive quarters. Fourth quarter 2008, Revenue $1,503,153/Income ($64,584);First quarter 2009, Revenue $1,791,690/Income ($65,693);Second quarter 2009, Revenue $1,793,229/Income $7,335 The second quarter 2009 income is positively affected by a one time revenue event and the company may, or may not, be able to repeat the results in the current quarter. The company remains concerned about the state of fluctuation the mortgage industry is going through but is encouraged by its most recent results. The company has begun to build revenue from other sources,indirectly related to the mortgage industry, and looks forward to growth in2010 from those other sources. Please visit www.cfsi.biz for details. About Complete Financial Solutions, Inc. Through its subsidiary companies, Complete offers mortgage origination, processing and closing through 100 plus branches licensed in 23 states. Mortgage loan processing services are offered in all 50 states, online and paperless including document storage.We also have begun to acquire or start businesses providing legal, accounting, financial planning, credit restoration and insurance services to the general population. These services are all integrated to some degree with the mortgage loan industry and with each other. For instance, financial planners often utilize insurance products in their client's financial portfolio and often the funds for such insurance products are sourced from a mortgage on the client's house or investment properties. To acquire beneficial rates on mortgage loans often requires helping a client increase his/her credit score which in turn can require legal and accounting advice or services. By providing all the above mentioned services we are better able to retain the customer as he never has to access the services elsewhere and we are able to collect multiple fees from the same core customers. Forward Looking Statements. This release includes forward-looking statements within the meaning o...