SOURCE: Expert Group

March 08, 2011 09:15 ET

Expert Group, Inc Heats Up Florida's ATM Market

MIAMI, FL--(Marketwire - March 8, 2011) - Expert Group, Inc. (PINKSHEETS: EXPU) continues to grow its ATM fleet at fast rates. The company sees a business opportunity in the fact that Americans are still using a lot of cash, despite banks' efforts to convince people to use more online banking instead of the more ATM channel.

Florida is among the states with the highest average volume of cash withdrawals in the USA. Two months after its debut in South Florida, Expert Group, Inc entered the ATM market through its subsidiary Expert Financing, Inc -- and in the process broke 1000 ATM Transactions. Expert is projecting to break 10,000 transactions within the next 60 days. 

Up to date Expert has been Installing 5 ATMs a week and plans to reach 1000 Automated Teller Machines throughout South Florida.

Expert's ATMs can be found in Hotels, Parking Garages, Restaurants, Lounges and many high traffic areas in Miami Beach. We plan to expand our services in other cities in the near future. 

"Just one year ago, 100 percent of Expert's revenues were generated through mortgage banking; today we are providing more complete financial services and have diversified into Title Services and ATM placement to further offer our customers a more complete packing of financial services," said Robert Rico. "Now that our personal ATM banking is a fast-growing contributor to Expert's overall revenue stream, our customers will be able to look forward to more and more outlets for banking convenience. We will advertise throughout our ATM's our financial services. Our goal is to reach over 1000 ATMs by 4th quarter 2012."

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 Lines of Credit, Hard Money, Mezzanine Financing, Debt Financing, Conventional, Portfolio, Foreign National 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 several realties as their mortgage banker and has closed 100's of million in loan originations. Visit our website for more information:

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
    Toll Free: 877-949-3700