The Graystone Company Announces Completion of Acquisition of Direct
Capital via Reverse Merger
Plantation, FL -- September 11, 2023
-- InvestorsHub NewsWire -- The Graystone Company (OTC:
GYST) is pleased to announce the successful completion of its
acquisition of Direct Capital, a leading mortgage banker and
broker, through a reverse merger transaction. The reverse merger
transaction was finalized on June 1, 2023, resulting in a
significant change of control within the company.
As part of this transaction,
Anastasia Shishova resigned from her position as an officer and
director of Direct Capital on June 1, 2023, paving the way for a
new era of growth and opportunity within the
organization.
Direct Capital, through its
subsidiary Direct Mortgage, has exhibited remarkable performance in
the mortgage industry. In 2022, the company generated revenues
totaling $6,324,163. During the same year, they facilitated
approximately 450 loans, securing approximately $152 million in
funded mortgages.
The momentum continued into 2023,
with Direct Capital achieving outstanding results. From January
through August 2023, they oversaw the funding of 353 mortgages,
with a total value of $119 million. This noteworthy performance in
the first eight months of 2023 puts Direct Capital on pace to
surpass its already impressive 2022 numbers.
The acquisition of Direct Capital by
The Graystone Company marks a significant step forward in our
commitment to providing exceptional financial services and
expanding our footprint within the mortgage industry. With a strong
foundation and a team of dedicated professionals, we are excited
about the growth opportunities this merger brings and look forward
to providing enhanced services to our clients.
About
The Graystone Company, Inc.
The Graystone Company (OTC:
GYST) is a dynamic and forward-thinking financial services
company dedicated to delivering top-tier mortgage services and
investment solutions to our clients. We are committed to
innovation, growth, and excellence in the financial
sector.
Notice Regarding Forward-Looking Statements
in this press release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that any beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate.
For more information:
Graystone Company
Email: info@thegraystoneco.com
Phone:
1-855-456-9782855-456-9782