SOURCE: Team Nations Holdings, Corp.

Team Nations Holdings, Corp.

February 04, 2011 09:00 ET

Special Letter to the Shareholders of Team Nation Holdings

IRVINE, CA--(Marketwire - February 4, 2011) -

January 31, 2011

Dear Fellow Shareholders:

Recently, several shareholders of Team Nations Holdings, Corp. (OTCBB: TEMN) have asked for information concerning the company's goals and objectives and it seems appropriate to update you with a review of 2010 and a general outline of our goals and objectives in 2011 and beyond.

Despite what I would deem a lackluster year for the industry, TEAM managed to reach some significant benchmarks in 2010. While many competitors went out of business, we seized the opportunity to expand. In addition to continuing our high level of services to local title agencies and insurers in California, 2010 saw TEAM found its direct settlement and title agency, TEAM Title, Inc. TEAM Title opened 9 new markets in 2010 and began the critical work of developing the infrastructure to attract and process regional settlement work. While growth capital was hard to come by in a year of general malaise in the industry, we are pleased that we were nevertheless able to make substantial progress in the important work of expansion.

2011 looks to be a much more rigorous growth year for the company. Our goals remain unchanged from 2010 as we plan to focus on the following key strategies:

  • Expand TEAM Title, Inc. licensing to 15 additional markets.
  • Complete infrastructure to directly service key states.
  • Establish direct title and settlement services in Texas, Arizona, Florida and Nevada.
  • Open direct escrow services in California through the California Department of Corporations.
  • Obtain equity interest in a title insurance underwriter and/or California title agency.

Each goal mentioned above is intended to 1) lay a foundation for additional growth by expanding licenses, 2) drive immediate additional revenue and earnings and/or 3) secure our market position through acquisition of/merger with established entities. Each goal will require the continued focus and dedication of the current Board of Directors, who have recently agreed to continue to serve the company in 2011 and well beyond.

The Board of Directors and founders remain committed to the long-term strategies of TEAM and are excited at the opportunities already being developed in 2011. We thank each shareholder for your support and look forward to sharing a year of growth and expansion with you and the employees of TEAM. 

Very truly yours,

Dennis R. Duffy
Chief Executive Officer and Founder

Contact Information

  • For more information contact:
    Violet Shockley