Sage Global Signs Agreement for a Minimum of $240,000
Irvine, CA, February 14, 2007 -- Sage Global Solutions, Inc. (Pink Sheets: SGGL) (Frankfurt Stock Exchange: WKN A0J265 / Trading Symbol: Q9A) announced today that its wholly owned subsidiary, Express Notary Service, Inc., has signed an exclusive service agreement with The Firm Loans, a mortgage lender based in Rancho Cucamonga, CA. Under this agreement, Express Notary will be the exclusive agent for providing notary and real-estate closing documentation services for The Firm Loans.
During March 2007 alone, Express Notary anticipates fulfilling documentation services for over 100 real estate closings under this agreement. This volume of closings is expected to generate a minimum of $240,000 in annual revenues. Management expects monthly closings to increase to as many as 300 per month over the next several months, which would substantially add to revenues on an annualized basis.
Express Notary, an online mobile notary service, has an extensive network of notary agents throughout the United States. Express Notary is considered one of the premier legal signing agent businesses in the country. The main focus of the company is real estate loan documents and legal documents common to the business community.
“We are very pleased to be associated with this outstanding company. This represents a significant milestone in our extraordinary growth over the past year,” said Henry Davidson, president of Sage Global Solutions, Inc. “Our team is yielding great results as we cement relationships with some of the area’s strongest and most prestigious real estate-related companies.”
”Express Notary’s focus on growth and exceptional service makes it the perfect partner in our expansion,” said Nick Ayyoub, owner of The Firm Loans. “Express Notary’s flexibility with order flow and documentation services will help us streamline our closing process and save on labor costs. We look forward to building a lasting relationship with their outstanding management team.”
Based in Rancho Cucamonga, Calif., The Firm Loans is a mortgage lender serving the greater Los Angeles area. As part of its immediate expansion plans, The Firm Loans has signed legendary radio and television personality Rick Dees as its featured spokesman to appear in an aggressive advertising campaign, which will include infomercials showcasing its wide array of innovative products and services. For more information about The Firm Loans please visit www.thefirmloans.com.
About Sage Global Solutions
The mission of Sage Global is to present a full spectrum of insurance and financial services and solutions for small to medium businesses. Sage currently has five wholly owned subsidiaries including; Express Notary Service, Inc., Online Mortgage Inc., RJC Insurance Services, and PremierPoint Insurance Services and JPJ Reinsurance. PremierPoint offers innovative insurance products specializing in Workers’ Compensation and the utilization of captive programs. PremierPoint also provides traditional wholesale agency products, program consulting and risk management assistance to insurance agents and carriers. RJC Insurance Services is a premier commercial insurance agency based in Southern California. Express Notary Service, Inc. is an online mobile notary service that specializes in loan document closings and has an extensive network of notary agents throughout the U.S. Online Mortgage Inc. is a lead generation and marketing portal. JPJ Reinsurance issues insurance policies to insurance carriers in select markets for select risks. Over the past several months Sage has taken significant steps toward reaching its goal of becoming a complete insurance and financial services institution and will continue to seek acquisitions, positioning itself as a market leader in a rapidly growing industry. Visit http://www.sage-global.com for more information.
Safe Harbor Statement
Statements in this press release about the company's future expectations other than historical facts are "forward-looking statements." It is important to note that actual results could differ materially from those in such "forward-looking statements" and "forward-looking statements" are inherently subject to risks and uncertainties.
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