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Fri, June 12, 2009 TEAM Nation Holding Corporation: TEAM Nation Renews Management Agreement With First Southwestern Title Company
IRVINE, CA--(Marketwire - June 12, 2009) - TEAM Nation Holdings Corporation ("TEAM Nation") (
In October 2007, TEAM Nation began effectively managing the day-to-day operations of First Southwestern Title Company. Utilizing its unique management expertise, TEAM has led the title company on the path to success despite the downturn in the real estate market. TEAM Nation led a similarly struggling title company, CalCounties Title Nation ([ www.CalCounties.com ]), from monthly revenues of $100,000 in 2007 to over $1.2 million in May 2009.
The renewal of the management agreement with First Southwestern will continue to further enhance TEAM's revenue stream. TEAM Nation's synergistic use of shared resources has resulted in significant cost reductions, significantly improving the title company's bottom line.
"We are pleased to continue working with First Southwestern Title Company," said Janis Okerlund, president of TEAM Nation. "The renewal is a reflection of TEAM Nation's successful efforts in mitigating First Southwestern's expenses and keeping it prospering during the challenging market of 2008. Today, we are confident that First Southwestern is now poised for growth in 2009 and beyond."
TEAM Nation offers a suite of services to struggling real estate companies including current business review and critique, workflow analysis, growth consultation, financial diversification strategies, acquisition strategies, cost reduction analysis, operations management, and business plan evaluation.
About First Southwestern Title Company of California
First Southwestern Title Company of California is a licensed underwritten title agency operating in 11 California counties. Established in 1988 is has operated continuously under the guidance of David Kayton. The company focuses on residential resale and refinancing title insurance and issues policies underwritten by Transunion Title Insurance Company.
For more information, visit ([ www.fswt.com ])
About TEAM Nation Holdings Corporation
TEAM Nation Holdings Corporation, a Nevada corporation ("TEAM-NV"), is a management and services company specializing in title insurance and escrow services through our affiliate title agency(ies), and the provision of management, production services, HR administration, IT support, and accounting administration for title insurance companies and related real estate ventures. TEAM Nation Holdings, a Nevada Corporation ("TEAM-NV"), is a holding Corporation for TEAM Nation Holding, a California corporation, a production and services company ("TEAM-CA") along with Escrow Nation, Inc. a California Corporation and Mortgage Nation, Inc., a California Corporation.
For more information, visit ([ www.teamnationholdings.com ])
This news release contains forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks described in the company's filings with the SEC.
