Thursday February 3, 12:00 am Eastern Time
Company Press Release
SOURCE: e-Net Financial Corporation
e-Net Financial Corporation Signs Letter of Intent to Acquire Loan Net
IRVINE, Calif., Feb. 3 /PRNewswire/ -- Michael Roth, President 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: ENNT.BE) money.berlinerboerse.de/cgi-bin/such.cgi?such=925558 ) announced today that the Company has entered into a letter of intent to acquire Loan Net, a Kentucky Corporation. Terms of the transaction were not disclosed.
Mr. Roth stated that, ``Loan Net is a new mortgage company that has three offices in Kentucky, and Indiana and is in the process of becoming licensed in Tennessee.'' We expect to close this transaction in the very near future, and look forward to Mr. Cunningham and his staff coming on board.`` Mr. Roth added, ''Negotiations for other acquisitions are on-going; we expect to make a number of announcements in the coming weeks and months. This is a very exciting time at e-Net.``
James Cunningham, President of Loan Net, said, ``We are excited about becoming part of the e-Net family. The Company expects to fund $5,000,000 in new loans in February, 2000; we have in excess of $10,000,000 currently being processed. With the assistance of e-Net, we are looking forward to penetrating new markets, especially through the Internet.''
Shareholders, prospective shareholders, and others interested in e-Net Financial Corporation are encouraged to verify information and reports they receive about the Company. Call e-Net Financial Corporation's ``Investor Relations Department'' (949) 253-4633; ask for Rick Jarnat, Investor Relations Representative. Or write to: Investor Relations, e-Net Financial Corporation, 3941 S. Bristol St., Unit E, #282, Santa Ana, CA 92704.
e-Net Financial Corporation is a company engaged in the business of providing commercial and residential real estate financial services through both conventional methods as well as through e-commerce via the Internet and private line communication facilities.
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
Company Press Release
SOURCE: e-Net Financial Corporation
e-Net Financial Corporation Signs Letter of Intent to Acquire Loan Net
IRVINE, Calif., Feb. 3 /PRNewswire/ -- Michael Roth, President 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: ENNT.BE) money.berlinerboerse.de/cgi-bin/such.cgi?such=925558 ) announced today that the Company has entered into a letter of intent to acquire Loan Net, a Kentucky Corporation. Terms of the transaction were not disclosed.
Mr. Roth stated that, ``Loan Net is a new mortgage company that has three offices in Kentucky, and Indiana and is in the process of becoming licensed in Tennessee.'' We expect to close this transaction in the very near future, and look forward to Mr. Cunningham and his staff coming on board.`` Mr. Roth added, ''Negotiations for other acquisitions are on-going; we expect to make a number of announcements in the coming weeks and months. This is a very exciting time at e-Net.``
James Cunningham, President of Loan Net, said, ``We are excited about becoming part of the e-Net family. The Company expects to fund $5,000,000 in new loans in February, 2000; we have in excess of $10,000,000 currently being processed. With the assistance of e-Net, we are looking forward to penetrating new markets, especially through the Internet.''
Shareholders, prospective shareholders, and others interested in e-Net Financial Corporation are encouraged to verify information and reports they receive about the Company. Call e-Net Financial Corporation's ``Investor Relations Department'' (949) 253-4633; ask for Rick Jarnat, Investor Relations Representative. Or write to: Investor Relations, e-Net Financial Corporation, 3941 S. Bristol St., Unit E, #282, Santa Ana, CA 92704.
e-Net Financial Corporation is a company engaged in the business of providing commercial and residential real estate financial services through both conventional methods as well as through e-commerce via the Internet and private line communication facilities.
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
