SOURCE: Oxford Funding

June 16, 2008 08:00 ET

Oxford Funding Executes Letter of Intent

HOUSTON, TX--(Marketwire - June 16, 2008) - Oxford Funding Corporation (PINKSHEETS: OXFD) has executed letters of intent with buyers for the sale of up to 60% of its performing loan portfolio and due diligence is currently underway. The sales would yield a profit to Oxford in the range of 18-20 percentage points.

"This further proves our business model," said Bob Dunn, Oxford's President. "Now that we've proven the profitability, our next step is to grow our operations to bigger portfolios and transactions." The effort is underway, with discussions ongoing with several potential investors into the Oxford Opportunistic Mortgage Fund. The Fund was created this spring to create more scale in Oxford's operations, and to offer significant returns to potential investors.

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:

    Ronald C. Redd
    1240 Blalock Road, Ste. 210
    Houston, Texas 77055
    Office: 713-975-9602
    Fax: 713-978-6292
    Email Contact