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.
The financial statements can be located directly from the Company's website at: http://www.fronterainvestment.com/2007_Frontera_Consolidated_Financials.pdf
Frontera 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.
The 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.
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; 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.
Frontera Investment Posts its Fiscal 2007 Financial Statements
Frontera Investment Inc on 6ix
Earlier from Frontera Investment
- Frontera Investment Announces New Ticker Symbol
- Frontera Investment Announces Acquisition of New Store
- Frontera Investment Announces Reverse Merger into Bidnow.com
Later from Frontera Investment
- Frontera Announces First Quarter 2008 Revenues
- Frontera Announces Posting of First Quarter Report for 2008
- Frontera Announces Acquisition of High Volume Store
- Frontera Investment Announces Second Quarter 2008 Revenues
- Frontera Investment Announces Lease for New In-Store Branch
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