SOURCE: TEAM Nation Holdings Corporation

June 10, 2009 08:00 ET

TEAM Nation Signs Agreement to Acquire CalCounties Title Nation Company

IRVINE, CA--(Marketwire - June 10, 2009) - TEAM Nation Holdings Corporation ("TEAM Nation") (OTCBB: TEMN) is pleased to announce that it has executed an Agreement to acquire 100% of the outstanding stock of CalCounties Title Nation Company ("CalCounties"), a licensed California title agent.

Since TEAM Nation began managing CalCounties in 2007, revenues and market share of the title company have increased substantially, up 98.8% in 2008. In 2009, CalCounties has increased revenues month over month, doubling monthly revenue from January to May, 2009. Revenues are expected to exceed $15 million by the close of 2009.

"The addition of CalCounties brings both revenue and growth momentum to TEAM and its shareholders," said Janis Okerlund, president of TEAM. "The board is very excited to add to its portfolio, a company that has increased its revenue, profit, and market share despite turmoil in the real estate sector."

Daniel J. Duffy, President of CalCounties, concurred, "The alliance of TEAM and CalCounties is beneficial for both companies and gives CalCounties access to capital markets, furthering its growth opportunities, and expansion capabilities. CalCounties is confident that TEAM and its management will serve it well and enable growth that would be more challenging without TEAM's involvement."

TEAM Nation will continue to seek similarly attractive acquisition targets in the real estate title and escrow related industry.

About CalCounties Title Nation Company:

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 our services to include national coordination and settlement services, default services and property information services so that you experience consistency, efficiency and convenience during your closing, regardless of the location of the realty. 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") along with Escrow Nation, Inc., a California Corporation and Mortgage Nation, Inc., a California Corporation.

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.
    Investor Relations
    Stephen Taylor
    973-351-3868
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