Business
Frontera Investment Posts its Fiscal 2007 Financial Statements
Frontera Investment Posts its Fiscal 2007 Financial Statements.
About this update from Frontera Investment Inc
[{"type":"text","content":"Frontera Investment, Inc. (OTC:FRNV), formerly Bidnow.com, Inc. (OTC:BDNW) announced today it has completed unaudited financial statements for 2006 and 2007. The statements are prepared \"AS IF\" the reverse merger of Bidnow.com, which closed March 16, 2008, had occurred prior to the periods presented. Frontera has applied for and will shortly receive an OTCIQ account from Pink Sheets and begin posting quarterly financial results and other disclosures as they become available. Frontera is also in the process of selecting an accounting firm to audit 2007 and 2006 in its efforts to become a full reporting company.\n\nThe financial statements can be located directly from the Company's website at: http://www.fronterainvestment.com/2007_Frontera_Consolidated_Financials.pdf\n\nFrontera utilizes advanced technology to offer competitive prices on a wide range of financial products and services, including check cashing, loans (payday and gold jewelry loans), money transfers, and tax preparation. Frontera's mission is to be the first full service, low cost, Hispanic financial services brand servicing the alternative financial services market.\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.","length":2026,"tagName":"div"}]