Business
Frontera Investment, Inc. Announces November Revenues
Frontera Investment, Inc. Announces November Revenues.
About this update from Frontera Investment Inc
[{"type":"text","content":"December 15, 2009 – Frontera Investment, Inc., (OTC-FRNV) has announced an increase of 18.2%, or $768,000 in revenue for its ten stores in operation for November 2009, up from $649,700 for its seven stores in operation for November 2008. Revenues for the eleven months ended November 30, 2009 increased 29.5% to $8,433,000 from $6,511,500. Earnings before interest, taxes, depreciation and amortization (EBITDA) from store operations for November 2009 increased 91% to $105,800, or $10,580 per store for the ten stores, up from $55,400, or $7,914 per store, for Frontera’s seven stores the previous November. Store EBITDA for the eleven months ended November 30, 2009 increased 117% to $884,100 from $407,200. Frontera Investment Inc.’s primary target market, the Hispanic market, is currently estimated at 40 million customers. Over half of those consumers do not use any form of banking service. In addition, of all the households in the United States, approximately 35 percent either do not use a banking service or they use alternative financial services, positioning Frontera Investment, Inc. as a prime option for consumers in those markets. Frontera currently operates 10 stores in California. The company is currently in the process of raising capital to acquire and open additional stores in California. The timing of which will depend on the when such capital is raised, if at all. Forward-Looking Statements:Such 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; ability to raise capital to support its growth strategy; changes in business strategy; and the successful integration of newly acquired businesses. Please forward any inquiries to:Allan C. Youngberg, [email protected] or call 858-549-7061","length":5101,"tagName":"div"}]