Frontera Investment Announces Second Quarter 2008 Revenues
10 Juli 2008 - 7:09PM
PR Newswire (US)
SAN DIEGO, July 10 /PRNewswire-FirstCall/ -- Frontera Investment,
Inc. (Pink Sheets: FRNV), announced today that its second quarter
revenues ended June 30, 2008 totaled $1,678,000, a 9.4% increase
over its first quarter revenues of $1,533,900. Frontera utilizes
advanced technology to offer competitive prices on a wide range of
financial products and services, including check cashing, loans
(payday and gold jewelry loans), money transfers, and tax
preparation. Frontera's mission is to be the first full service,
low cost, Hispanic financial services brand servicing the
alternative financial services market. The Hispanic market is
currently estimated at 40 million consumers, half are un-banked.
About 35 percent of the total US households are un-banked or use
alternative financial services companies. Forward-Looking
Statements Such forward-looking statements are subject to a number
of risks, assumptions and uncertainties that could cause the
Company's actual results to differ materially from those projected
in such forward-looking statements. These risks, assumptions and
uncertainties include: the ability to complete expansion within
currently estimated time frames and budgets; the ability to compete
effectively in a rapidly evolving and price competitive
marketplace; changes in business strategy; the successful
integration of newly acquired businesses; and other risks
referenced from time to time in the Company's filings with the
Securities and Exchange Commission. Please forward any inquiries
to: Allan Youngberg, CFO Frontera Investment, Inc. DATASOURCE:
Frontera Investment, Inc. CONTACT: Allan Youngberg, CFO of Frontera
Investment, Inc., +1-858-549-7061, Web site:
http://www.fronterainvestment.com/
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