SOURCE: TEAM Nation Holdings Corporation

TEAM Nation Holdings Corporation

March 22, 2011 09:00 ET

TEAM Nation Announces Establishment of TSS Escrow, Inc. Projections Indicate TSSE Will Contribute $1.2M to 3M in Additional Revenue Within 24 Months of Its Licensure

IRVINE, CA--(Marketwire - March 22, 2011) - TEAM Nation Holdings Corporation ("TEAM") (OTCBB: TEMN) (PINKSHEETS: TEMN) is pleased to announce that on February 9, 2011 they filed Articles of Incorporation with the Secretary of State of California to establish TSS Escrow, Inc. ("TSSE"). TSSE will operate as a wholly owned subsidiary of TEAM Settlement Solutions ("TSS") and will become licensed by the Department of Corporations as an escrow agent in the state of California. TSSE will provide settlement solutions for California real estate transactions, including resident resale, refinance, REO, short-sale, bulk sale and commercial transactions. California represents approximately 15% of the $350,000,000 national Settlement Services market. The company projects that TSSE will contribute $1.2M to 3M in additional revenue within 24 months of its licensure. TSSE expects to file its license application by April 15, 2011 and anticipates approval within 120 days of the application. 

Dennis R. Duffy, Cofounder and Board member of TEAM, stated, "California is a critical piece of our long term strategy to provide title and settlement solutions nationwide. We expect to obtain and pass along significant revenues to our newest division, TSS Escrow, as soon as it is granted license to operate in California."

About TEAM Nation Holdings Corporation
TEAM Nation Holdings Corporation, a Nevada corporation ("TEAM"), is a management and services company specializing in title insurance and escrow services through our affiliate title agency(ies). TEAM Nations Holdings Corporation also services the provision of management, production services, HR administration, IT support, and accounting administration for title insurance companies and related real estate ventures. For more information please visit: http://www.teamnationholdings.com/

TEAM Nation Holdings, a Nevada Corporation ("TEAM"), is also a holding Corporation for TEAM Settlement Solutions, (fka TEAM Nation Holding Corporation, a California corporation) ("TSS") along with TSS Escrow, Inc., a California Corporation. TEAM Nation Holdings Corporation also includes Mortgage Nation, Inc., a California Corporation, and TEAM Title, Inc., a national settlement services agency as part of their company. 

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

  • For more information contact
    Violet Shockley
    713-444-0924