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NEWS
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News |
Frontera Investment Announces Acquisition of New Store
San Diego, CA April 3, 2008 – Frontera Investment, Inc.,
formerly Bidnow.com, Inc. (OTC:BDNW) announced today that it has
acquired a profitable financial services store in Oxnard,
California, CW Check Cashing. Frontera is in escrow to acquire a
high volume store (also in Oxnard, CA) within the next 45 days.
Frontera now has 6 stores (four full service branches and two manned
kiosks).
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.
This press release contains certain "forward-looking" statements, as
defined in the United States Private Securities Litigation Reform
Act of 1995 that involve a number of risks and uncertainties.
Statements, which are not historical facts, are forward-looking
statements. The Company, through its management, makes
forward-looking public statements concerning its expected future
operations, performance and other developments. Such forward-looking
statements are necessarily estimates reflecting the Company's best
judgment based upon current information and involve a number of
risks and uncertainties, and there can be no assurance that other
factors will not affect the accuracy of such forward-looking
statements. It is impossible to identify all such factors, factors
that could cause actual results to differ materially from those
estimated by the Company. They include, but are not limited to, the
Company's ability to develop operations, the Company’s ability to
consummate and complete an acquisition, the Company’s access to
future capital, the successful integration of acquired companies,
government regulation, managing and maintaining growth, the effect
of adverse publicity, litigation, competition, sales and other
factors that may be identified from time to time in the Company's
public announcements.
Please forward any inquiries to:
Rob Wells
Kerry Associates, Inc.
info@stockprofiler.us
603-621-9420 |
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