SOURCE: Expert Group

February 10, 2011 08:45 ET

Expert Group, Inc Announces Agreement to Install ATMs With South Beach Group Hotels

MIAMI, FL--(Marketwire - February 10, 2011) - Expert Group, Inc. (PINKSHEETS: EXPU) announced today that it has begun to install automated teller machines (ATMs) in all of South Beach Group hotels.

Expert Group, Inc is installing 12 ATMs. The project includes the supply, implementation and support of 12 ATMs.

"Fifty percent of the delivery is finalized," says Robert Rico. The companies have installed 6 of the 12 ATMs. The remaining 6 are being installed and will be completed by February 2011. 

The project is expected to generate about USD $100,000 in fee income for 2011.

The company has also commenced negotiation to potentially buy out a competitor. The target acquisition has a portfolio of over 35 ATMs installed throughout Miami Beach. If agreed this acquisition generated over $130,000 in fees in 2010.

We will update on the negotiations soon.

Expert Group, Inc.

Expert Group, Inc. d.b.a. Expert Financing, Inc. -- EXPU -- is a company committed to your success; a company that provides not just services, but partnerships; a company with a long-standing reputation of honesty, integrity, and ethical business practices; a company with the resources to handle all your real estate needs. EXPU is one of the top-ranked Mortgage Banking firms in the industry, specializing in providing financing services for all types of Real Estate related transactions, including but not limited to residential, commercial, refinances, FHA, Jumbo Loans, Fannie Mae, Hotels, lodging, Franchises, SBA Loans, and Reverse mortgages as well as ATM placements. As a certified correspondent lender and a FHA certified lending institution, EXPU can offer up to date loans to consumers, including Equity Lines, Hard Money, Mezzanine Financing, Debt Financing, conventional, non-conventional, and VA Loans.

Expert Group, Inc markets a variety of financial products and services through Expert Financing & Investments. Expert is rapidly becoming a market leader in the multibillion dollar Florida market. EXPU has built the infrastructure necessary to grow with state-of-the-art Facilities. Today, EXPU serves as much realty as their mortgage bankers and has closed 100s of millions in loan originations. Visit our website for more information: www.expertfinancing.net

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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Contact Information

  • Contact:
    Expert Financing, Inc ®
    17501 Biscayne Blvd # 540
    North Miami Beach, FL 33160

    305-949-5626 (O)
    305-949-5628 (F)