EMB Corporation (OTC-BB: EMBI) announced that it completed the acquisition of First Guaranty Financial Corp
EMB Corporation (OTCBB: EMBI) is a financial services holding company, which provides a network to mortgage brokers, both retail and wholesale through its wholly owned mortgage companies, currently including American National Mortgage, and First Guaranty Financial Corp. Mortgages originated by its group of companies may be held temporarily for investment, or may be sold to third parties/financial institutions, or may be secured, packaged, and sold as mortgage backed securities. The Company will be expanded through the acquisition of specific business-related companies that are well established in the industry to better serve its client base. Current acquisitions are American National Mortgage and First Guaranty Financial Corporation. American National Mortgage is a multi-state mortgage lender that specializes in Home Loan Programs from FHA to jumbo conventional up to $1 million. First Guaranty Financial Corporation is a wholesale and mortgage banker and broker doing busines! s in fourteen states, at present time. The Company also intends to make capital investments in other financial holding companies that will provide additional ancillary services to EMB. Through these wholly owned subsidiaries, the Company will engage in business activities serving the residential mortgage lending industry, real estate industry, etc. Consumers are served on a retail basis, while mortgage brokers are served on a wholesale basis. In addition, because each Company's acquisition will be synergistic with the other, they will contribute to the Company's overall goal to maintain the Company's position as a key player, if not one of the leaders in the financial services business for the 21st Century. The Company also intends to look at mergers and acquisitions in other areas of business that might enhance shareholder's equity, such as the healthcare and technology fields. Financial Information The Company's proforma for total mortgage fundings for fiscal 2002 is approximately US$50 million a month or $600 million for the year. The Company envisions that 82% of its revenues will emanate from the wholesale business and that its retail mortgage lending business will generate the remaining 18%. The Company is projecting revenues of approximately $8,000,000 from mortgage banking and brokerage alone. They can project a net profit on $600 million of new business with $8 million of revenues to be approximately $800,000 or approximately $0.04 cents per share earnings based on approximately 20,000,000 shares issued and outstanding and fully diluted at that time. This does not include any projections from other companies that we may acquire during the year. They anticipate that in the first three years of operation the Company will focus in acquisitions and in opening new markets, with expansion and consolidation of all of its operations during the subsequent years. EMB Corporation Stock Information Symbol: EMBI Exchange: OTC:BB Shares Outstanding: 16,000,000 Float (Estimated): 3,600,000 52 Week Range: $0.02 - $0.44 For more information, read on or visit: www.embcorp.net Recent Developments EMB Corporation's Subsidiary First Guaranty Financial Corporation Exceeds 2001 Projections HUNTINGTON BEACH, Calif., Dec. 5, 2001 (PRIMEZONE via COMTEX) -- James E. Shipley, President of EMB Corporation (OTCBB:EMBI) announced today that its wholly owned subsidiary, First Guaranty Financial Corporation, is having a record year for 2001 and has exceeded projections in originations, fundings, revenues and profits. First Guaranty Financial Corporation, (http://www.fgflend.com), headquartered in Santa Ana, California, is a multi-state wholesale mortgage lender that has a winning strategy in the vastly competitive field of mortgage banking. Mr. Rod Thompson, President of First Guaranty said, "Total fundings for calendar year 2001 will exceed $540 million representing more than a 224% increase over calendar year 2000." Mr. Thompson went on to say, "More importantly the company will exhibit strong net earnings for the fiscal year ended September 30, 2001, based on gross revenues in excess of approximately $9 million instead of our projected $8 million for the period. We have added some new key personnel and expect demand for our mortgage products to remain robust throughout 2002." James Shipley, President of EMB said, "We are very proud of the excellent job Mr. Thompson and all those associated with First Guaranty have done, and continue to do." Mr. Shipley went on to say, "Technology for valuation of property, underwriting automation, and the entry of foreign capital into the U.S. markets will continue to provide an environment where well managed mortgage lenders can thrive. EMB's formula for success is in place, and our strategy is to continue to assist FGFC with national growth, advertising, and increased technology through additional acquisitions, and/or mergers, that are presently in negotiations or under review." EMB Corporation Releases October Results for First Guaranty Financial Corporation HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Nov. 8, 2001--James E. Shipley, President of EMB Corp. (OTC BB:EMBI) today announced that its wholly owned subsidiary, First Guaranty Financial Corp., had a record month for October, and is having a record year in originations, fundings, and profits. First Guaranty Financial Corp., (http://www.fgflend.com), with headquarters in Santa Ana, Calif., is a multi-state wholesale mortgage lender that has a winning strategy in the vastly competitive field of mortgage banking. Rod Thompson, President of First Guaranty said: "Total residential mortgage fundings for the month of October exceeded $50 million for the 4th month this year. This represents a 242% increase over October 2000 with a dramatic increase in profits for the same period. Record funding numbers and volume do not always equate to profits. However, First Guaranty is extremely focused and maintains a tight reign on costs of production and personnel which does equate to profits." Thompson went on to say: "I recently attended the National Mortgage Banking Conference in Toronto, where most lenders were extremely bullish for 2002 despite the September tragedies and national corporate layoffs. Housing values are strong, rates are at an all time low, and leverage is tremendous. "I believe that there has never been a better time to buy a home, or a second home, or an investment property. Whether a borrower is buying their 1st home with FHA financing, a move up home with 100% financing to $685,000, or an ultimate luxury home for 3 or 4 million dollars, FGFC offers ultra competitive rates and service." Shipley said: "We are very proud of the excellent job Mr. Thompson and all those associated with First Guaranty have done, and continue to do." Shipley went on to say: "Technology for valuation of property, underwriting automation, and the entry of foreign capital into the U.S. markets will continue to provide an environment where well managed mortgage lenders can thrive. "EMB's formula for success is in place, and our strategy is to continue to assist FGFC with national growth, advertising, and increased technology through additional acquisitions, and or mergers, that are presently in negotiations or under review." EMB Corporation Purchases First Guaranty Financial Corporation HUNTINGTON BEACH, Calif., Oct 9, 2001 (BUSINESS WIRE) -- James E. Shipley, president of EMB Corp. (OTCBB:EMBI) today announced that it completed the acquisition of First Guaranty Financial Corp. First Guaranty Financial, is a leading midsize mortgage banking/brokerage company originating loans through both wholesale and retail production efforts, while doing business in 14 states, is well managed and profitable. Rod Thompson, president of First Guaranty said, "The company is well suited to perform satisfactorily in any mortgage climate as their production is comprised of both entry level FHA borrowers as well as luxury home buyers with individual loans to $4 million."He further stated, "As of September 30, 2001, First Guaranty funded approximately $490 million in new mortgage loans for fiscal 2001, an increase of approximately 205% over fiscal 2000. Our net profit before taxes for fiscal 2001 is approximately $400,000 based on gross revenues of approximately $8 million for the period. "Current record low interest rates based on the Federal Reserve cuts should fuel the mortgage loan business in general with even higher fundings, higher revenues, and higher profits for fiscal 2002. Our projections for fiscal 2002 starting October 1, 2001 is to fund approximately $600 to $650 million with solid progressive growth. We are looking forward to joining the new EMB management team."Shipley said: "FGFC is a specialist in government-type loans and is Fannie Mae and HUD approved Service Provider, with direct underwriting capabilities. Rod Thompson, president of First Guaranty, will be elected to the board of directors of the EMB Corporation at its next scheduled meeting. "Shipley went on to say: "Current management of EMB is aggressively pursuing an acquisition plan that fits our new corporate direction, which is becoming a financial services holding company utilizing the latest in technology. The acquisition of First Guaranty fits our growth strategy and met our criteria as a business operating profitably with experienced management, and will be a great addition to the EMB companies." The above news release's contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1934, including the statements concerning expected results for the balance of the year and expected store maturities. The statements are based on assumptions about the future, which are subject to risks and uncertainties, such as competitive conditions in retail, changes in consumer confidence, and normal business uncertainty. Actual results could differ materially. Mission Statement The Company's mission is to provide a network of financial services, which provide practical, yet innovative new scientific technology that improves and expedites the real estate mortgage lending process for mortgage/real estate brokers, credit unions, small banks, and individual users. It is also the company's intention to provide financing and/or purchase other business that are or can be profitable that may not be related to the mortgage or real estate business, but will enhance shareholder equity. Business Activities The business activities of the Company will incorporate new scientific technology to provide a service network to mortgage retail lenders and ultimately to mortgage brokers throughout the country. Mortgages originated by the Company may be held temporarily for investment, or may be sold to third parties/financial institutions, or may be secured and sold as mortgage-backed securities. In addition to solidifying its residential mortgage banking service business, the Company will, in an orderly and organized fashion, launch several divisions including a REIT for both residential and commercial properties, wholesale and retail mortgage lending services along with title insurance and escrow services, as well as other ancillary financial services. The Company's proprietary ASP will allow its clients to provide services seven days a week so that mortgage brokers and retail mortgage lenders always have on-line access to current interest rates and fees, all of which may be downloade! d at any time to any computer utilized by the client. Similarly the status of loans being processed or underwritten would be able to be determined at any time from the client's terminals that originate the application. The borrower, or his/her agent, at any remote site will be able to utilize the Company's financial services network to connect with escrow, title insurance companies, credit correction and reporting agencies, and other ancillary services that may become available. Marketing and Sales Activities Through its well-organized plan for marketing and sales activities the Company has the opportunity to become a key player in the mortgage real estate lending industry. Specific sales and marketing activity include: Solidifying the Company's mortgage business through geographic market expansions. Initial focus includes growing and expanding targeted markets (mortgage brokers, real estate brokers and credit unions) in already established geographic areas of the state of California and subsequently the nation. To solidify newly initiated commercial mortgage business. To subsequently begin operations on the Company's title insurance business for closings related to mortgage products. To acquire additional mortgage-related companies that will improve and enhance the Company's revenues over the long range. To also acquire additional ancillary financial services companies that can improve and enhance the Company's revenues. To invest in other financial services companies that! will enhance the shareholder equity of the company. Management James E. Shipley, President and CEO Due to his 30+ years of experience and knowledge of the real estate industry and in both retail and wholesale mortgage lending businesses, the Company will be unique in its ability to recognize the many advantages that innovative technology can provide to the industry. He also has the ability to make tough decisions, with excellent communication and people's skills, and can successfully negotiate and acquire other companies that could enhance shareholder's equity. Rod Thompson, President of First Guaranty Financial Corporation William R. Parker, CEO and President of Saddleback Investments Services, Inc. d.b.a. American National Mortgage Anthony John A. Bryan Jr., Senior Managing Director of Investment Banking at Global Transitions, LLC John B. LaRue, Senior Managing Director of The Watley Group, LLC Investment Opportunity EMBI is an incredibly undervalued stock. Don't miss this one! For more information visit: www.embcorp.net ========================================= Disclaimer: Market Advisory Group ( MSR ) publishes reports providing information on selected companies that MSR believes has investment potential. MSR is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. MSR accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment in The Above named company is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. MSR has been hired by a third party consultant, and is contracted to receive a cash advertising fee of $500-$5000 for the publication and circulation of this report. Subsequently MSR may buy or sell shares of the stock of the above mentioned company in the open market. This report contains forward-looking statements, which involve risks, a! nd uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, see the SEC filings of the above mentioned company including the company's most recent annual and quarterly reports. _______________________________________________________________________ Powered by List Builder To unsubscribe follow the link: http://lb.bcentral.com/ex/manage/subscriberprefs?customerid=11414&subid=9E00A81DB11C8B2B&msgnum=10
