SOURCE: FSBO Media Holdings, Inc.

May 04, 2006 09:30 ET

FSBO Media Holdings Inc. to Acquire Title Insurance Company

Acquisition Includes Title Search Facility

CORAL SPRINGS, FL -- (MARKET WIRE) -- May 4, 2006 -- FSBO Media Holdings, Inc. (OTC: FSMH) announced today that it has entered into a definitive agreement to acquire privately held UbuyTitle Insurance.Com, Inc d/b/a Home Title & Escrow. Home Title and Escrow is an established Title Insurance Company with corporate offices located in Coral Springs, Florida. Home Title and Escrow has provided residential and commercial title insurance services for over 5 years.

Home Title and Escrow has established its own Title Search Plant thus allowing it to achieve twenty-four hour closings if and when necessary. It does not rely on outside support for lien searches making it super efficient. The Title Search Plant has the ability to perform property searches nationwide.

The closing of the acquisition is subject to state Insurance regulatory filing requirements and customary approvals. The company is aggressively seeking other acquisitions and joint ventures that will enhance future shareholder value.

The Company believes that it is the first "Self Help Directed" video driven method of real estate marketing available today. The video program guides the homeowner step by step through the various tasks necessary to sell their home on their own. This "Self Help Directed" option could save the homeowner thousands of dollars in real estate commissions. FSBO Web TV's proprietary sales programs provides the consumer with a choice of selling their home either with a full commission broker charging 5-7% commissions or saving thousands of dollars utilizing FSBO Web TV's "Self Help Directed" flat fee and/or discount commission options. FSBO WebTV utilizes state-of-the-art virtual set technology produces a multi-million dollar studio look at a fraction of the price. Dynamic tracking shots and corporate or hi-tech settings are the norm, not add-ons

FSMH has modeled its business after the discount stock brokerage businesses that revolutionized their industry such as Scottrade, E-Trade and other popular consumer accepted brokerage services that have provided the "Self Help Directed" methods of buying, selling and making investment decisions on their own without paying high commissions.

About FSBO Media Holdings Inc., FSMH utilizes conventional forms of media advertisement such as Internet, TV, print and radio. Other service providers will be able to advertise services and products through the FSBO Media Holdings network of affiliates. FSBO Media Holdings, Inc. will also seek to acquire other businesses related to the real estate industry as well as other providers of media content.

This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size and international sales, including statements regarding the intent, belief or current expectations of FSBO Media Holdings, Inc. and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.

Contact Information

  • Contact:
    FSBO Media Holdings Inc.
    Marlene Shim
    Public Relations
    (954) 590-FSBO (3726)