Business
Frontera Announces Posting of First Quarter Report for 2008
Frontera Announces Posting of First Quarter Report for 2008.
About this update from Frontera Investment Inc
[{"type":"text","content":"Frontera Investment Announces First Quarter 2008 Financial Statements and \nLease Agreement for New Store\n\nFrontera Investment, Inc. (OTC:FRNV) announced today that it has posted its first quarter 2008 financial statements to Pink Sheets Issuer Services that can be located at www.pinksheets.com or the Company's website at www.fronterainvestment.com. Pink Sheets has created a new categorization system to alert investors about the ability and willingness of individual issuers to provide adequate public disclosure in a timely manner. This filing maintains the Company's rating at the second highest category rating regarding issuer disclosure, and the Company will be working toward further filings to ensure that it achieves the highest category possible.\n\nFrontera entered into a lease agreement for a new store in Dinuba (Sonora), California with California Gold Development on May 12, 2008. The center is anchored by Walmart and is located in an agricultural area with heavy Hispanic employment. The store is expected to open in August 2008.\n\nThe Hispanic market is currently estimated at 40 million consumers, half are un-banked. About 35 percent of the total US households are un-banked or use alternative financial services companies.\n\nForward-Looking Statements\n\nSuch forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete expansion within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in business strategy; the successful integration of newly acquired businesses; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. \n\nPlease forward any inquiries to:\n\nThomas Sculley\nStock Profiler.US, LLC\[email protected]\n603-487-3194","length":2038,"tagName":"div"}]