Send2Press Newswire
Wed, 01 Sep 2010 21:00:19 GMT
Long Term Care Insurance Leader Seeks 320 New Agents in 2010, Following Strong 2009 Growth
While the Industry Slumps, LTC Financial Partners Posts Robust Revenue, Profit, and Dividend Gains.
KIRKLAND, Wash., March 14 (SEND2PRESS NEWSWIRE) -- In an economy that seems stuck on stagnate, business is booming, thank you, for LTC Financial Partners LLC (LTCFP), one of the nation's most experienced long term care insurance agencies. In fact, 2009's growth was so strong and the future so promising, the firm seeks to expand its army of agents by 300 this year, an increase of about 60 percent over last year.
While the long term care industry was down about 30 percent in 2009, LTCFP's submitted premium was up a handsome 20 percent for the year and 37 percent for the last quarter compared to Q4 2008. Profit was an all-time high of $2.31 million, up about 73 percent over 2008 profit of $1.34 million. Earnings were $0.26 per share, an increase of about 70 percent over 2008's earnings of $0.15 per share.
Perhaps most significant for LTCFP's agents, dividend payments -- to be made this month -- will be $0.20 per share, an increase of 40 percent over last year's dividend. "All LTCFP Partners get dividends," says Cameron Truesdell, CEO, "and all of our agents may become Partners based on their performance." Unique in the industry, LTCFP's dividend payments constitute an additional revenue stream beyond commissions and renewal income.
For individuals wishing careers in long term care insurance, experience is a plus but not a must. "Our LTC Insurance Training Institute trains good people from scratch," says Truesdell. "We're looking for men and women with intelligence, social skills, ambition, and a sincere desire to help others," he adds. "With those basics, we can get them up to speed and state-certified in short order." Information is available at web.ltcfp.com/ltcfp/careercenter.aspx.
LTCFP has earmarked 2 percent of its profits for development aid in Africa and Haiti, and is a sponsor of the "3 in 4 Need More" campaign, which seeks to inform the public that "at least 70 percent of people over age 65 will require some long-term care services at some point in their lives," according to the U.S. Department of Health and Human Services (www.ltcguild.com).
Privately held, LTCFP is a limited liability company. In 2009 Inc. Magazine ranked LTCFP No. 1,970 among all companies, and No. 16 in the insurance category, in its annual ranking of the 5,000 fastest-growing companies in the nation. LTCFP made the Inc. 5000 list in 2008 as well. Among insurance companies, LTCFP is the fastest-growing one focusing exclusively on long term care insurance sales.
The LTCFP home site is at: www.ltcfp.com.
NEWS SOURCE: LTC Financial Partners LLC
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2010 Neotrope® News Network - all rights reserved.
TAGS: LTC Financial Partners LLC, Earning Announcements, Send2Press.
Sun, 14 Mar 2010 19:35:23 GMT
HostBridge Technology Reports Record Revenues in 2008
Strategic Investment and Key Partnerships Position the Company for Future Growth
STILLWATER, Okla., April 16 (SEND2PRESS NEWSWIRE) -- HostBridge® Technology, a leading provider of software that integrates mainframe data and applications with the latest web programs and other enterprise information systems, reported that 2008 was its second consecutive year of record annual revenues and income.
 The company achieved this growth as a result of a 69 percent increase in revenues from new licenses of its flagship HostBridge software product to Fortune 500 customers in banking and finance, insurance, manufacturing, computer technology, and other sectors.
"Our 2008 results are directly attributable to the functionality and value of our products," said Russ Teubner, HostBridge CEO. "We continue to earn the business of top-tier customers because they trust us to meet their toughest mainframe integration challenges. HostBridge products make it possible for customers to integrate and reuse their most valuable information assets for far less than it would cost to migrate away from the mainframe or rewrite mainframe software. Our customers often achieve payback in less than a year and continue to realize significant savings over many years."
"Our growth in 2008," Teubner added, "means we will also continue to invest heavily in research and development so we can help current and future customers achieve higher returns from the integration of critical mainframe resources."
Using HostBridge products, enterprises rapidly extend mainframe access to thousands of new users; modernize mainframe applications with rich web interfaces for employees, partners, and customers; and integrate critical mainframe data and business logic with virtually any other system. When they implement HostBridge, customers increase workforce productivity, streamline processes, cut costs, and achieve new returns on their most trusted system investments.
On the partner front in 2008, HostBridge Technology continued to work closely with IBM and was accepted in the IBM Ready for Rational program. This strong partnership helps ensure that HostBridge products will continue to exploit IBM's best and latest technologies and that the companies' mutual customers will continue to add value to and improve returns on their mainframe assets. IBM and HostBridge kicked off 2009 with announcements of parallel new products and with an ongoing series of joint marketing activities.
HostBridge also became a Google Enterprise Partner in 2008. By combining the Google Enterprise Portal and HostBridge mainframe integration, this partnership promises to allow HostBridge to bring the power of the Google Search Appliance to mainframe information assets. In addition, HostBridge strengthened its partnership with CA, ensuring that enterprise customers with CA Ideal™, CA Telon®, CA IDMS™, or CA Gener/OL™ environments will continue to benefit from HostBridge integration capabilities.
Through its partner programs and R&D investments, HostBridge Technology is taking a leading role in integrating mainframe resources with emerging technologies, including Web 2.0 and enterprise search, and positioning itself for continued growth in 2009 and beyond.
About HostBridge Technology
HostBridge Technology provides software for enterprises that rely on IBM System z mainframe systems and applications. Our patented products deliver mainframe data as XML documents and web services, enabling organizations to extend mainframe access to more users, modernize legacy applications with feature-rich web interfaces, and integrate mainframe data and business logic with other information systems. Founded in 2000, HostBridge Technology has built a reputation for solving the hardest integration problems. Among its loyal customers, HostBridge counts some of the largest companies in the U.S. and the world.
For more information, visit www.hostbridge.com.
All trademarks and service marks are the property of the respective parties.
NEWS SOURCE: HostBridge Technology
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2009 Neotrope® News Network - all rights reserved.
TAGS: HostBridge Technology, Software, Send2Press.
Thu, 16 Apr 2009 17:54:50 GMT
Momentum Transport Reports 3rd Quarter Earnings
HOUSTON, Texas, Dec. 2 (SEND2PRESS NEWSWIRE) -- Houston-based transport provider Momentum Transport reports third quarter earning results for fiscal year 2008. Sales for Momentum's vehicle transport division reported increased revenue for third quarter 2008, up 26% from third quarter 2007.
 Momentum attributes this increase to a surge in net-savvy consumers shopping for vehicles online at the websites of auto sellers and dealerships around the country. Websites like Autotrader.com, Cars.com, Carsdirect.com, and eBay have contributed to increased auto sales, which have in turn resulted in a greater need for cross-country vehicle shipping.
With informed buyers searching the vast selection of vehicles offered via the online marketplace, potential car buyers are taking advantage of deals not only in their own market, but markets in other parts of the country as well.
Consumers gravitating to auto transport companies like Momentum Transport find that utilizing these services not only saves valuable time, but also the protection of these newly-purchased vehicles from the wear and tear of cross-country transit.
Since 1996, Momentum Transport has been the nation's premier provider of auto and freight shipping services. Momentum's goal to provide value-priced, hassle-free transport services has helped to vault the company to one of the largest and most well respected transport providers in the country. From multi-national corporations and dealerships to the everyday consumer, Momentum Transport assists in the movement of thousands of vehicles and freight shipments on a yearly basis--while never comprising its commitment to unmatched quality and seamless customer service.
For more information, call 1-866-309-7700 or log on to www.momentumtransport.com.
All trademarks are property of their respective owners.
NEWS SOURCE: Momentum Transport
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2008 Neotrope® News Network - all rights reserved.
TAGS: Momentum Transport, Earning Announcements, Send2Press.
Tue, 02 Dec 2008 11:10:56 GMT
Phoenicia Group Tops Libya Analyst Expectations
TRIPOLI, Libya, Nov. 28 (SEND2PRESS NEWSWIRE) -- Phoenicia Group Libya LLC (www.phoenicia-group.net), the leading U.S.-Libyan diversified business firm and consultancy group, surprised Libya market watchers and investors with a near 300% jump in operating profit, hitting 34 Million USD, up from 12 Million USD in the same period in 2005.
 The boost is buoyed by a string of acquisitions and an aggressive corporate restructuring strategy launched by Ryad Sunusi, a prominent U.S.-educated Libyan businessman, consultant, and founder of the Libyan American Business Council; who since taking control in 2004 as acting interim President & CEO of Phoenicia Group, has introduced radical changes propelling the Phoenicia Group and its 12 wholly owned subsidiaries and affiliates into the leading private Libyan business group overseeing an estimated 150,000,000 USD portfolio in the oil & gas, construction, tourism, telecommunications, health, services, and agribusiness sectors in Libya, and investments in the U.S., Middle East, and Europe.
Richard Harrison, Chairman of Dubai's Al-Tawfiq, which invests in high-growth sectors in emerging markets, and holds a 20% stake in Phoenicia Group, said, "Phoenicia Group's record expansion and growth just exemplifies what good management, leadership, and patience can do in an emerging market like Libya -- our expectations are spot on target."
Core services offered to U.S. and international investors and companies include Risk Management, Commercial Advisory/Business Law, Communication, Concept Development, Contract Negotiations, Distribution, Marketing, Sourcing, Strategy, and Total Project Management.
In a prepared statement, Ryad Sunusi, who will remain as Phoenicia Group interim President & CEO, said, "The past year has been a very active one-tripling of operating profit and acquisition of several subsidiaries and affiliate companies in Libya. We are encouraged by the liberal economic reforms and see a bright future for our clients, partners, and associates."
"U.S. and international companies looking at the Libyan Market need to employ the same common sense and due diligence when choosing partners and agents in Libya as in other vital business decisions; success in Libya can to a very large degree relate to having proper representation by a reputable and experienced local partner," he noted.
Phoenicia Group currently represents several multi-national companies in Libya and maintains project management roles in key projects for foreign investors in Libya.
"We anticipate even stronger performances in 2007 over 2006, with the integration of our new acquisitions in Libya," Mr. Sunusi assessed.
About Phoenicia Group Libya, LLC
Phoenicia Group, a U.S.-Libyan professional business services company, establishes and advises on interoperability issues in the Libyan Market with technology, and devises, researches and implements market entry and risk management strategies for U.S. companies wishing to establish a foothold for commerce in Libya.
For more information, visit www.phoenicia-group.net.
NEWS SOURCE: Phoenicia Group Libya, LLC
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2006 Neotrope® News Network - all rights reserved.
TAGS: Phoenicia Group Libya, LLC, Earning Announcements, Send2Press.
Tue, 28 Nov 2006 13:25:00 GMT
Landmark National Bank Reports Profit for 2005 First Quarter
SAN DIEGO, Calif. -- (SEND2PRESS NEWSWIRE) -- Landmark National Bank (OTC BB: LMRK), which commenced operation on August 26, 2002, reports March 31, 2005 assets of $75,245,273 compared to March 31, 2004 assets of $48,864,564, an increase of 54%. As of March 31, 2005, loans totaled $52,405,039, compared with $22,398,302, an increase of 134%. During the same period, deposits increased from $41,200,020 to $68,664,645, an increase of 67%. The bank experienced a profit of $3,209 for the first three months of 2005, compared to a loss of $535,548 for the first three months of 2004.
On April 4, 2005, Landmark National Bank and Legacy Bank, N.A. announced that they have entered into an agreement and plan of reorganization and merger under which La Jolla-based Legacy Bank N.A would merge into Landmark National Bank, subject to the approval of the regulatory authorities and shareholders. The banks will operate under the Landmark National Bank name, and Ron Carlson and F.J. "Rick" Mandelbaum will continue their roles of Chairman/CEO and President of the merged institution. The banks will merge their La Jolla Offices into the Landmark National Bank office at 7817 Ivanhoe, La Jolla.
About Landmark National Bank
Landmark National Bank offers traditional full-service banking to individual customers, professionals and small- and medium-sized businesses. In addition to a variety of deposit accounts, the bank offers a mix of loan products that include business and professional loans, as well as Small Business Administration loans and consumer, installment, home equity, construction and real estate loans.
Landmark National Bank's headquarters are located at 937 Lomas Santa Fe Drive (I-5 and Lomas Santa Fe Drive) in Solana Beach. Hours are Monday through Thursday, 9 a.m. to 5 p.m., and Friday, 9 a.m. to 6 p.m. Call (858) 509.2700 or (800).509.4008. The La Jolla office is at 7817 Ivanhoe Avenue in La Jolla. Hours are Monday through Thursday, 9 a.m. to 5 p.m., and Friday, 9 a.m. to 6 p.m. Call (858) 332.1000.
For more information, contact info @ landmarknationalbank.com, or visit www.landmarknationalbank.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities. Any such offer or solicitation would be made only by a Prospectus.
Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. This risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance, regulatory matters and those discussed in filings by the Bank with the Office of the Comptroller of the currency.
NEWS SOURCE: Landmark National Bank
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2005 Neotrope® News Network - all rights reserved.
TAGS: Landmark National Bank, Earning Announcements, Send2Press.
Thu, 14 Apr 2005 17:02:00 GMT
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