SOURCE: Surety Capital Corporation

Surety Capital Corporation

July 26, 2011 12:28 ET

Surety Capital Corp. Announces 2011 Second Quarter Earnings

FORT WORTH, TX--(Marketwire - Jul 26, 2011) - Surety Capital Corp. (PINKSHEETS: SRYP) announces its second quarter ended June 30, 2011 financial results. Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $13,797.38, a 6% increase over the quarter ended March 31, 2011. This is the second quarter in a row that Surety has had a net income from its ordinary business operations. Our acquisition of Herrera Financial Company has proven to be very successful."

Surety finalized the acquisition of Herrera Financial Company's customer list, web-site, systems and name as of December 31, 2010. Herrera Financial is a leading insurance assignment company operating throughout the United States. Veronica Herrera established Herrera Financial in 2007 to provide insurance assignment financing primarily for Hispanic funeral homes.

CEO, Chairman Mendoza stated Surety during the second quarter announced "Surety Capital Financing Friends Reward Program" which allows Herrera's clients to participate in the future growth of this publicly held corporation. Chairman Mendoza stated, "This is a unique rewards program that no other company offers. We are excited over the prospect that our clients will have an additional way to profit from the business they transact with us."

For more details concerning our financial statements, reports and the "Financing Friends Reward Program" go to http://www.otcmarkets.com/stock/SRYP/quote. On the left hand side you will be able to obtain all information we have filed.

Forward-Looking Statement
This release contains forward-looking statements that reflect Surety's plans and expectations. In this press release and related comments by Company management, words like "hope," "profit," "leading," "opportunity," "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.

Contact Information

  • Media Contact
    Chairman Ralph Mendoza
    Email: Email Contact
    Tel. (817) 850-9800