SOURCE: Expert Group

December 24, 2009 08:30 ET

Expert Group Inc. Releases Budget Report, Announces Full Business Profitability

MIAMI, FL--(Marketwire - December 24, 2009) - Expert Group, Inc. (PINKSHEETS: EXPU), a Financial Lending Institution specializing in Home and Commercial Real Estate Loans, is pleased to release the 2010 Budget Report.

Robert Rico stated: "The 2010 Budget Report is an explanation of what Expert Group's break even point is for any given month. Based on 2009 numbers, Expert Group only needs to close 10 loans per month in order to break even. We at Expert believe that we will far exceed 10 closed loans every month, however, our 'break even budget' is being made public so that investors can understand that moving forward now and into 2010 Expert Group is operating as a 100% profitable business entity."

In 2009, the average loan amount that Expert Group closed was $170,000 per loan. Expert Group earned revenues on average of $5,010 per loan, or 3% commission of the total loan amount. Expert Group averaged $2,040 net profit per loan, or 40% of the closing revenues.

Expert Group need only close 10 loans per month to cover the entire business overhead. This figure includes all three of the Expert Financing locations and covers all business operations. The "break even budget" does not take into consideration commercial or jumbo loans nor any revenues generated from title closings.

Expert Group invites investors to view the full Budget Report by visiting: (200KB PDF)

Mr. Rico further explained: "We are fortunate to be in the growth-oriented South Florida market and we will continue to grow the business in a turnaround economy. October and November home data indicates that the Florida housing market is sharply rebounding."

Expert Group is entering 2010 with $2.3M in new loans business and even more on deck. The Expert Group 'Pipeline Report' details those loans which have progressed to a point where Expert is fully confident that they will close. We currently have 15 new loans in our pipeline. Additionally, Expert has another 25 new loans on deck that are at the D.U. stage or 'Desktop Underwriting' and have a high likelihood of closing.

Investors are invited to view our current Pipeline Report here: (20KB PDF)

Robert Rico concluded: "We are entering 2010 with 3 locations and an aggressive marketing strategy. This puts us in a wonderful position to experience massive growth in 2010. As always I want to extend an invitation to all shareholders to visit us. Have a Merry Christmas and a Happy New Year from Expert Financing."

About Expert Group, Inc.

Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments; Expert is licensed by the Department of Financial Regulations and a member of FAMB, FHA and VA Lender.

About Expert Financing:

Expert financing offers up-to-date loan programs tailored to all borrowers' needs, specializing in Fannie Mae, Freddie Mac, FHA, conventional and non-conventional loans of all sizes. Let Expert Find The right Loan for you.

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.

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