SOURCE: Millenium Holding Group Inc

December 09, 2005 12:26 ET

Millenium Holding Group Announces Application to Establish Mortgage Bank Named FYNMOR

LAS VEGAS, NV -- (MARKET WIRE) -- December 9, 2005 -- Millenium Holding Group, Inc. (OTC BB: MNHG) today announced that the Company submitted its application to establish a Mortgage Bank named FYNMOR, a wholly owned subsidiary of Millenium. FYNMOR will loan funds and will also work in conjunction with the mortgage company acquisition discussed in the October 8th, 2005 press release. The establishment of FYNMOR as a mortgage bank is subject to approval by the applicable regulatory agency.

"The establishment of FYNMOR as a Mortgage Bank is an important step in achieving our first financial institution," said Richard Ham, CEO/President of Millenium Holding Group. "As announced previously, we are currently in the process of acquiring a mortgage company. Having a mortgage bank and a mortgage company will enable us to make loans and then to have outlets to broker loans. It is our strategic objective to seek other mortgage companies in other locations in the country to acquire and evolve FYNMOR into a national lending and loan brokering financial institution." Mr. Ham added, "We are developing a superb team of professionals to operate FYNMOR and the mortgage company. When we receive clearance from the applicable regulatory agency, we feel we will hit the ground running with a quality organization."

Forward Looking Statements. This Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "plan," "expect," or similar expressions, and are subject to numerous known and unknown risks and uncertainties. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this Release, including the above matters and in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

Contact Information

  • Contact:
    Roy Sahachaisere
    InvestSource, Inc
    949-340-2716 ext. 9101