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Published in Stocks and Investing on Monday, June 22nd 2009 at 5:24 GMT, Last Modified on 2009-06-22 05:25:18 by Market Wire
IRVINE, CA--(Marketwire - June 22, 2009) - TEAM Nation Holdings Corporation ("TEAM") (
"Under TEAM Nation's direction, CalCounties continues to significantly increase revenues month over month," said Janis Okerlund, president of TEAM Nation. "The growing title company is on track to meet or exceed its revenue expectations of $15 million for 2009 despite the worst real estate market in decades. We believe that TEAM Nation's ability to dramatically increase revenues of title companies regardless of the market conditions is a testament to our unique expertise and the inherent strength of our business model."
Under TEAM Nation's management, CalCounties increased gross revenues each month for the first five months of 2009. Monthly revenues of CalCounties grew steadily as follows: $624,710 in January, $808,063 in February, $993,841 in March, $1,110,000 in April, and over $1,212,000 in May. Revenues for the month of June, 2009, are on track to exceed $1.25 million.
About CalCounties Title Nation Corporation:
CalCounties is a one-stop shop for diverse and cutting-edge title services. Building on its rich tradition of excellence, conservative, common sense underwriting, and dedication to personal service, Cal Counties has recently expanded its services to include national coordination and settlement services, default services and property information services. For more information, please visit: [ http://www.calcounties.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"). For more information, please 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.
