SOURCE: Expert Group

January 13, 2010 13:03 ET

Expert Group Updates Shareholders Regarding Q3 Earnings, Schedules Follow-Up Conference Call

MIAMI, FL--(Marketwire - January 13, 2010) - Expert Group, Inc. (PINKSHEETS: EXPU), a FHA certified financial lending institution specializing in home and commercial real estate loans, would like to update investors regarding Expert's 2009 third quarter earnings.

Expert Group stated in a November 5, 2009 press release that in Q3 the company achieved revenues of $305,502.56 and net profit of $187,192.17.

These numbers reported were from June 1, 2009 until September 30, 2009 instead of July 1, 2009 until September 30, 2009.

CEO Robert Rico stated: "In essence what happened is that we included an extra month in our Q3 earnings report. The good news is that there is no missing or incorrect income or revenues, it was simply spread out mistakenly between Q2 and Q3 reports."

To further clarify, between January 1, 2009 and September 30, 2009 Expert Group had revenues of $418,626.52 and net income of $216,526.34.

Mr. Rico concluded: "I want to invite investors to a follow-up conference call this evening to discuss this matter. Accuracy and transparency are of outmost importance to me and I am moving forward aggressively to take Expert to the next level by up listing to the OTCBB where we will provide audited financials at regular intervals."

The conference call will take place at 6PM EST. The call-in information is: 218-339-3600 Participant # 767741

About Expert Group, Inc.

Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments; with multiple offices throughout South Florida, Expert is rapidly becoming a market leader in the multi billion dollar Florida market. 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.

Expert Financing Locations:

17501 Biscayne Blvd #540
North Miami Beach, Fl 33160

1065 Kane Concourse
Bal Harbour, FL 33180

19501 Biscayne Blvd
Miami, FL 33180-2377

Contact Information