TEAM Nation Announces Re-Branding of California Subsidiary Allowing for $2,000,000 to $5,000,000 in Additional Gross Revenue Fro
22 3월 2011 - 5:15AM
Marketwired
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.
For more information contact: Violet Shockley 713-444-0924
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