SOURCE: Oxford Funding Corp.

April 28, 2008 07:30 ET

Oxford Funding Announces Audited Financial Results

HOUSTON, TX--(Marketwire - April 28, 2008) - Oxford Funding Corporation (PINKSHEETS: OXFD), a company engaged in the purchase and liquidation of steeply discounted mortgages, announced the release of its audited financial results for the year ended December 31st, 2007. Its management discussion and analysis and the Annual Update to Initial Disclosures have been published on Pinksheets.com.

"The year ended 2007 saw substantial annualized returns resulting from the execution of the Company's plan to buy steeply discounted mortgages and liquidate or hold them for profit. With just six months of activity under our belt in 2007, we proved that our strategy successfully generates attractive profits," commented Bob Dunn, Oxford's President. "With the robust growth we have been experiencing, we believe 2008 will continue to please our shareholders."

In the first quarter of 2008, Oxford formed its Oxford Opportunistic Mortgage Fund, and is actively engaged in raising money for the Fund in order to acquire larger portfolios.

The Company's audited financial statements and its management discussion and analysis and Annual Information Form for the year ended December 31st, 2007 are available on: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=oxfd.

About Oxford Funding Corporation:

Oxford Funding Corporation is a publicly traded asset resolution company specializing in the purchase and management of bulk mortgage loan portfolios. Senior management at Oxford has facilitated rehabilitated loan sales in excess of One Billion Dollars, traded billions of dollars of financial assets as principal and agent, and has established relationships with hundreds of financial institutions and loan investors nationwide. For more information, please visit our homepage at www.oxfordfunding.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including statements that include the words "believes," "expects," "anticipate" or 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 differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contact Information

  • Contact:
    Oxford Funding Corporation, Houston
    William Carmichael
    Corporate Relations
    Phone: 713-975-9602
    Email Contact