Freeport Capital Inc.

March 02, 2010 09:00 ET

Freeport Capital Inc. (CNSX:FAS) Enters Into Title Loans Market In Canada

MONTREAL, QUEBEC--(Marketwire - March 2, 2010) - Freeport Capital Inc (CNSX:FAS) President Mike Tasillo stated " We are pleased to announce entry into the Title Loans market in Canada through our wholly owned subsidiary First Equity Strategy llc with several small businesses in Quebec as entry point in the used Car industry. This segment offers significant growth and benefits because of the current financing issues surrounding the Financial Institutions and lack of leasing options from Car manufacturers for new vehicles making it much more difficult for buyers resulting in an increase in used car sales.

The company's strategy is to step up and finance small title loans with the partner dealerships because of lapse of available institutional funding in contracts of $4500.00 to $8500.00 per title loan for periods no greater then 12 months with slightly higher but preferable interest notes. We believe that this segment of our business will become an important portfolio resulting in future cash-flow for ongoing re-investment.

About Freeport Capital Inc.

Freeport Capital Inc. (CNSX:FAS) provides innovative Internet-based point-of-sale (POS) technology solutions for businesses and consumers worldwide with merchant financing options beneficial to their business. For more information, please visit

The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.

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