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 of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities,plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if,""believe," "plan," "estimate,""expect," "intend," "may," "could," "should,""will," and other similar expressions are forward-looking statements.All forward-looking statements involve risks, uncertainties and contingencies,many of which are beyond our control, which may cause actual results, performance,or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our Form10-K and other reports filed with the SEC. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise