SOURCE: Expert Group

July 08, 2010 09:00 ET

Expert Group, Inc. Becomes Direct Lender and Servicing Company

MIAMI, FL--(Marketwire - July 8, 2010) -  Expert Group, Inc. (PINKSHEETS: EXPU), a Florida based diversified financial services provider specializing in home and commercial real estate loans, is proud to announce that it now offers direct loans. 

Expert Financing, Inc. will be closing and funding its very first Loan as a Lender, meaning the company has funded 100% of the Loan, which will be serviced in house. Expert Financing and Investments has closed 100s of millions in Loan transaction as a broker working with numerous National and Regional Banks that it has maintained long relationships with as a Wholesale broker. But as of today, Expert Financing is now a bona fide lender and servicing company.

Management believes it is truly the right time to enter into the direct lending business, with record low prices, this environment presents a win-win situation for the borrowers and lenders. Our Goals are to build a 10 million dollar portfolio and service the loans in house. A servicing company collects monthly payment from its borrower on the month to month basis. Our investment Guidelines will be a minimum of 50k to a max of 100k with a 50% LTV, Three year term. As a lender we collect upfront fees as well as monthly payments secured by first lien on the property. 

Robert Rico, Chairman of EXPU, stated, "Expert Group continues take the necessary steps to ensure the longevity and the growth of our company. As lenders, we are able to collect interest and hold substantial assets as we continue to grow our revenues. Furthermore, we will aggressively continue working on growing our portfolio as a lender, while continuing to expand our brokerage business. Our first Transaction adds 200k in assets to our book and monthly revenues, as well as upfront closing fees. We continue to look forward to 2010 with great optimism."

In other company news, in an effort to maintain transparency with our investors, Expert Group has filed all necessary documents with to up list to PS Status. On July 07 the company reported a profit of 20,000 on revenues of 280,768 that is an increase of 12.8% over last year. Compared to 242,387 for same period last year.

About Expert Group, Inc.

Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments; with multiply 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.

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