SOURCE: Team Nation Holdings Corp.

Team Nation Holdings Corp.

February 11, 2011 15:55 ET

TEAM Title, Inc. Takes Next Step in Expanding National Licenses and Applies for Authority in 12 States; Expansion Projected to Bring Over $5 Million Within the Next 36 Months

NEWPORT BEACH, CA--(Marketwire - February 11, 2011) - TEAM Title, Inc., a wholly owned subsidiary of TEAM Nation Holdings Corporation ("TEAM") (OTCBB: TEMN) is pleased to announce that it has submitted its Applications for Authority to enable it to do business in twelve additional states. This expansion is expected to bring the company upwards of $2 to $5 million in additional revenue after expansion costs. By 2012 the company expects to far exceed $2 million in revenues with an estimated 15-20% profit.

TEAM is currently seeking licensing in Colorado, Mississippi, Montana, New Hampshire, New Jersey, North Carolina, North Dakota, Rhode Island, South Carolina, Vermont, West Virginia and Wisconsin. TEAM Title expects to file applications to conduct title and settlement services with the Insurance Commissioners in each of the listed states as soon as it receives authority from the individual Secretaries of State.

Dennis Duffy, CEO of TEAM, stated, "Applying for authority is yet another step forward in our bid to expand TEAM's licensing in 2011. Our Industry is valued at over 6.89 Billion right now; the states we plan to move to represent about 13% of that figure, meaning, within 36 months our company could expect over $5 Million in net revenues due to this expansion. As licenses are granted for each state, our ability to substantially increase our revenues and assert our dominance beyond California's borders becomes reality."

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