SOURCE: TEAM Nation Holdings, Corp

TEAM Nation Holdings, Corp

March 21, 2011 16:15 ET

TEAM Nation Announces Re-Branding of California Subsidiary Allowing for $2,000,000 to $5,000,000 in Additional Gross Revenue From Settlement Services

IRVINE, CA--(Marketwire - March 21, 2011) - TEAM Nation Holding Corporation ("TEAM") (OTCBB: TEMN) (PINKSHEETS: TEMN) is pleased to announce that on January 26, 2011 it amended the articles of its wholly owned subsidiary, TEAM Nation Holding Corporation, a California corporation ("TSS"), to change its name to TEAM Settlement Solutions. The change is deemed appropriate to distinguish the operating company from the parent holding company and to reinforce the subsidiary's focus on providing national settlement services to the 350M + US Settlement Services market. Settlement services combine ancillary services such as notary, tax, flood, and appraisal with core closing and escrow functions to create an enhanced service level and one stop shop for the real estate industry in the execution of its transactions. TEAM Settlement Solutions expects to launch its new brand concept on April 1, 2011 and projects to generate $2,000,000 to $5,000,000 in additional gross revenue from Settlement Services during the following 18 to 24 months. The amendment was filed by the Secretary of State of California on January 28, 2011. 

Dennis R. Duffy, Cofounder and Board member of TEAM stated, "The re-branding of our California subsidiary will help the market distinguish the primary objectives of our separate operating units. As we move into our growth cycle in 2011, we feel it necessary to clearly indicate that TSS is a national settlement provider. We felt the distinctions were necessary a message lost in the all-encompassing previous brand name."

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, Corp. 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