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Frontera Investment Posts its Fiscal 2007 Financial Statements
San Diego, CA April 21, 2008 –
Frontera Investment, Inc. (OTC:FRNV), formerly Bidnow.com, Inc. (OTC:BDNW)
announced today it has completed unaudited financial statements for
2006 and 2007. The statements are prepared “AS IF” the reverse
merger of Bidnow.com, which closed March 16, 2008, had occurred
prior to the periods presented. Frontera has applied for and will
shortly receive an OTCIQ account from Pink Sheets and begin posting
quarterly financial results and other disclosures as they become
available. Frontera is also in the process of selecting an
accounting firm to audit 2007 and 2006 in its efforts to become a
full reporting company.
The financial statements can be located directly from the Company’s
website at:
http://www.fronterainvestment.com/2007_Frontera_Consolidated_Financials.pdf
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:
Thomas Sculley
Stock Profiler.US, LLC
info@stockprofiler.us
603-621-9420 |
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