Expert Group, Inc. Enters into Term Sheet to Acquire 90 ATMs
Expert Group, Inc. Enters into Term Sheet for Acquisition of Pertego Capital.
MIAMI, Oct. 25, 2011 /PRNewswire/ -- Expert Group, Inc. (OTC:EXPU) announced today that it has entered into a non-binding Term Sheet (the "Term Sheet") to acquire Pertego Capital and its assets. Expert's subsidiary, Expert Financing, Inc. ("Expert ATM") will consolidate Pertego's assets (ATM's) immediately, expanding our presence in Florida. Expert ATM will also provide additional fulfillment services to Pertego Capital. The closing of the transaction is subject to a number of conditions, including completion of due diligence and approval by Expert's Board of Directors.
"Pertego Capital will be an exciting venue for our ATM operations, bridging our sales with over approximately 150 thousand transaction annum, equivalent to 500k annual revenues," commented Expert's CEO Robert Rico.
About Pertego Capital
Pertego Capital is an ATM company operating out of South Florida, with a portfolio of over 90 ATMs.
Expert Group, Inc.
Expert Group, Inc. d.b.a. Expert Financing, Inc. -- EXPU -- is a company committed to your success; a company that provides not just services, but partnerships; a company with a long-standing reputation of honesty, integrity, and ethical business practices; a company with the resources to handle all your ATM needs. EXPU is one of the top-ranked firms in the industry, specializing in providing ATM services and financial services for all types of related transactions, including but not limited to ATM placements, residential, commercial, refinances, FHA, Jumbo Loans, Fannie Mae, Hotels, lodging, Franchises, SBA Loans, and Reverse mortgages as well as Title services.
Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments. Expert is rapidly becoming a market leader in the multibillion dollar Florida market. EXPU has built the infrastructure necessary to grow with state-of-the-art Facilities. Today, EXPU serves many Hotels, Parking, Marinas, Restaurants, Shopping centers and realty as their mortgage bankers and has closed 100s of million in loan originations and a great number of ATM transactions. Visit our website for more information: www.expertfinancing.net and www.ExpertATM.com
Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.
Contact:
Expert Financing, Inc. ®
17501 Biscayne Blvd # 540
North Miami Beach, FL 33160
305-949-5626 (O)
305-949-5628 (F)
Visit us: www.Expertfinancing.net
Visit: www.ExpertATM.com
Follow us: www.twitter.com/ExpertGroup
Watch: http://www.youtube.com/user/expertgroupinc#p/a/u/0/j1BVgrSRrNE
Face book: www.facebook.com/Expert Financing, Inc.
SOURCE Expert Group, Inc.
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