SOURCE: Expert Group

October 15, 2009 09:36 ET

Expert Group, Inc. Opens Third Location, Forecasts an Additional $3,000,000 in Annual Revenues

MIAMI, FL--(Marketwire - October 15, 2009) - Expert Group, Inc. (PINKSHEETS: EXPU) is proud to announce the official grand opening of its new Expert Financing Mortgage Lending Center located in Bal Harbour, Florida. The new center is a highly visible storefront location centrally located at 1065 Kane Concourse. The new offices are next door to Coldwell Banker Realty and Turnberry International Realty.

Expert Group has already secured 15 new originators for this new location. This new location will house a total of approximately 50 originators.

Robert Rico, CEO of Expert Group, stated: "It's very simple, really. More originators mean more originations. More originations mean more closings. More closings mean more income. We are beaming with pride and excitement as we announce the opening of this new office location. This marks a major milestone in the company's 5-year history. We are taking all the right steps necessary to fulfill our business plan of opening multiple locations and branding Expert Financing as the go-to firm for all your Real Estate Lending Needs."

Originators are compensated based on performance. Originators do not get paid if they do not close loans. Expert Group realizes between $4,000-6,000 in revenue per closed loan. With 50 additional originators operating at the new location Expert Group projects 50 new loan closings per month. Using the mean figure of $5,000 per loan closing, this means an additional $3,000,000 in annual revenue from this new location, alone.

Robert Rico stated: "It's important to me that investors realize these projections are backed by several years' worth of hard data from our other location. Frankly, I believe these estimates to be conservative as they do not take into consideration jumbo loans or commercial loans, of which we are working on closing several."

Expert Group plans to update the blog and twitter pages with pictures and videos of the new location. Please stay tuned at http://www.expertgroupblog.com and http://www.twitter.com/expertgroup for updates.

Robert Rico concluded: "As I wrap up this latest update, let me again thank our loyal shareholders for helping us to build a profitable company. Our company is quickly expanding yet growing responsibly. We are successfully branding the 'Expert Financing' name all over the Florida marketplace. We offer people the absolute best deal on home loans. Our closing ratio is higher than other lenders. We're here to stay. I extend a standing invitation to investors to call, write, or visit. I read all investor correspondence and welcome all suggestions. Additionally, I am always happy to help find a home loan solution for you no matter the state in which you live."

About Expert Group, Inc.

Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments, Expert Group Title Services and Expert Credit Fix U.S.A. 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. An Expert Loan Officer can help you find the best Loan for your needs.

About Expert Credit Fix U.S.A.

Expert Credit Fix U.S.A is ahead of the game, assisting borrowers with less than perfect credit to fulfill their dream of home ownership. Expert Credit Fix U.S.A. will help borrowers restore their credit to a level where lenders will grant them credit and at a low interest rate.

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

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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