-Net (925558)

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-Net (925558) Hart-Zocker

-Net (925558)

 
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ENNT.OB
10 5/16
-11/16

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Monday January 31, 2:18 am Eastern Time
Company Press Release
SOURCE: e-Net Financial Corporation
e-Net Financial Corporation Purchases Titus Real Estate Corporation
IRVINE, Calif., Jan. 31 /PRNewswire/ -- Michael P. Roth, President and CEO of e-Net Financial Corporation (OTC Bulletin Board: ENNT - news) finance.yahoo.com/q?s=ENNT.OB&d=5d News biz.yahoo.com/n/e/ennt.ob.html; (Berlin Exchange: ENNT.BE) money.berlinerboerse.de/cgi-bin/such.cgi?such=925558.) announced today that an exchange of stock and other securities has resulted in its purchase of Titus Real Estate Corporation, the management company for Titus Capital Corporation, a California REIT.

Michael P. Roth, President and CEO of e-Net said: ``In completing the purchase of Titus Real Estate Corporation, the management company of Titus Capital Corporation, e-Net has completed one of our strategically-planned goals for 2000. At the present time, Titus Capital is an equity REIT. Our plan is to convert it into a hybrid REIT as soon as possible. Our goal is for Titus Capital to not only have equity holdings, but to also provide mortgage warehouse facilities for our own mortgage subsidiaries and other mortgage originators as well.'' Mr. Roth added, ``The best way to grow our technology and Internet based mortgage company is through acquisitions and mergers. Negotiations for additional acquisitions and mergers are presently on-going and we are pleased to say that we are on target to reach our strategically planned goals for 2000.''

Scott Presta, President of Titus Real Estate Corporation, said, ``With the technology and Internet based mortgage originators that e-Net is bringing to the table, Titus will be able to grow expeditiously, and at the same time provide not only residential mortgage funds, but commercial funding, funds for healthcare facilities for our senior citizens that is so much in need, as well as continue with equity holdings. We look forward to the challenge in expanding Titus along with helping e-Net grow through the use of new technology and the Internet.''

A number of statements contained in this Report are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors, reported in e-Net's SEC www.sec.gov/Archives/edgar/data/926844/...99-002098-index.html filings. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.

SOURCE: e-Net Financial Corporation




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