ZUM) announced that its wholly owned subsidiary 1st Federal
Financial Corp.'s February 2007 monthly credit card processing transactions
continued its strong growth rate, expanding more than 26% from the previous
month.
In January 2007, transactions were approximately $2,021,000. February 2007
transactions jumped more than $530,000 to approximately $2,551,000, a more
than 26% increase. Expansion of transactions processing is expected to
continue at this rate and potentially increase through the addition of more
Independent Sales Offices (ISOs) throughout the U.S.
These numbers do not take into account additional revenue from 1st Global
Financial, Corp.'s other wholly owned subsidiary, 1st Federal Advanced
Funding, Inc., which provides small- and mid-sized businesses with a unique
working capital program. These two subsidiaries are starting to see the
benefits of cross marketing and introducing the value added benefits they
provide to the merchants and 1st Global Financial Corp.'s other clients.
"Our sales team has been working very hard to add quality partners to our
portfolio and we are just beginning to see the benefits of their efforts,"
says T.A. "Gil" Gillis, President of 1st Global. "By sticking to our
business plan, we are confident that 2007 will be a strong year to solidify
and further position our business."
The increase is due to the addition of a number of key ISOs since December
2006. Each new ISO has added 30 to 50 new merchants every month, each worth
roughly $8,000 per month in processing transactions. 1st Federal Financial
Corp. expects their business to continue increasing at this rate throughout
2007 as they seek to add new ISOs and strategic business partners to
continually grow their business.
This release includes "forward-looking statements" from the company that
may or may not materialize and recipients are cautioned not to place undue
reliance upon them. It is important to note that actual results could
differ materially from those in such "forward-looking statements" and
"forward-looking statements" are inherently subject to risks and
uncertainties.