SOURCE: TEAM Nation Holdings Corporation

June 09, 2009 14:18 ET

TEAM Nation Announces CalCounties Is Now Profitable

Under TEAM Nation's Leadership, CalCounties Doubled Monthly Revenues From January to May 2009

IRVINE, CA--(Marketwire - June 9, 2009) - TEAM Nation Holdings Corporation ("TEAM Nation") (OTCBB: TEMN) is pleased to announce that Cal Counties Title Nation Company ("CalCounties"), a licensed title agent currently managed by TEAM Nation, is profitable as of May 2009.

Under TEAM Nation's direction, CalCounties increased gross revenues each month for the first five months of 2009. Monthly revenues of CalCounties grew steadily as follows: $624,710 January, $808,063 February, $993,841 March, $1,110,000 April, and $1,250,000 in May, despite the worst real estate economy in the past 35 years. Revenues are expected to exceed 15 million by the close of 2009.

"This is a critical milestone for CalCounties as well as for TEAM Nation," said Janis Okerlund, president of TEAM Nation. "Under TEAM's direction since 2007, CalCounties has substantially increased its revenues and significantly improved its bottom line. This announcement is yet another example of TEAM's unique ability to provide strategic management to real estate companies unable to excel in the current market climate."

TEAM Nation offers a suite of services to struggling real estate companies including current business review and critique, workflow analysis, growth consultation, financial diversification strategies, acquisition strategies, cost reduction analysis, operations management, and business plan evaluation.

About CalCounties Title Nation Corporation:

CalCounties is a one-stop shop for diverse and cutting-edge title services. Building on its rich tradition of excellence, conservative, common sense underwriting, and dedication to personal service, Cal Counties has recently expanded its services to include national coordination and settlement services, default services and property information services. For more information, please visit: http://www.calcounties.com.

About TEAM Nation Holdings Corporation:

TEAM Nation Holdings Corporation, a Nevada corporation ("TEAM-NV"), is a management and services company specializing in title insurance and escrow services through our affiliate title agency(ies), and the provision of management, production services, HR administration, IT support, and accounting administration for title insurance companies and related real estate ventures. TEAM Nation Holdings, a Nevada Corporation ("TEAM-NV"), is a holding Corporation for TEAM Nation Holding, a California corporation, a production and services company ("TEAM-CA").

This news release contains forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks described in the company's filings with the SEC.

Contact Information

  • Contact:
    Taylor Capitol, Inc.
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