Consumers Financial Corporation Completes Acquisition of Merging Growth GPS Technology Company
September 21 2009 - 10:00AM
PR Newswire (US)
FORT WAYNE, Ind., Sept. 21 /PRNewswire-FirstCall/ -- Consumers
Financial Corporation, Inc. (OTC PK: CNSF) is pleased to announce
that the Company has completed the acquisition of Universal
Tracking Technologies, Inc. for $200,000 of the Consumers Financial
Corporation's restricted shares at $0.05 per share. Universal
Tracking Technologies, Inc. is a corporation that produces, markets
and sells products and services based on its GPS technology to
businesses across the United States. Robert Dalton will remain as
President of Universal Tracking Technologies, Inc. Consumers
Financial Corporation will begin the process for a name and symbol
change to better reflect the Company's business model. Since 1999,
Universal Tracking Technologies, Inc. has offered the most
comprehensive solutions in fleet management systems. The company's
GPS tracking solutions can be used by practically any business that
utilizes employee-driven vehicles. Utilizing GPS for a variety of
fleet monitoring products and software, Universal Tracking
Technologies provides management systems for a wide range of
markets, including: construction, delivery services, emergency
services, limousines, messenger services, municipalities, taxis,
towing and trucking. Universal Tracking Technologies has the
ability to serve a variety of needs; whether it is managing a fleet
of hundreds, simply checking-up on a few problem drivers or
providing a tracking tool for clientele. Some of the company's
customers include Culligen Water, Copper Eagle Patrol &
Security, Palm Springs Unified School District, and the Houston
Food Bank, amongst others. "Being part of Consumer Financial
Corporation will enable Universal Tracking Technologies to expand
our product offering, as well as increase our customer base,"
stated Robert Dalton, President of Universal Tracking Technologies,
Inc. "The acquisition of Universal Tracking Technologies has an
established product line and revenue stream and is a major step in
helping Consumer Financial Corporation fulfill our business plan
while bringing added value to our shareholders," stated David
Dalton, CEO of Consumers Financial Corporation. For more
information on Universal Tracking Technologies, Inc., please visit
http://www.universaltracking.com/. About Consumers Financial
Corporation, Inc.: Consumers Financial Corporation is a document
and identity management services company. The Company entered into
the Electronic Personal Vault (EPV) market in 2007. The EPV is an
online service to address the need for a convenient, yet secure and
safe method, to manage and store identification and personal
documents electronically. The EPV is an intuitive, powerful system
where customers can transfer and store original formatted documents
and digital images. Safe Harbor Act: This release includes
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
that involves risks and uncertainties including, but not limited
to, the impact of competitive products, the ability to meet
customer demand, the ability to manage growth, acquisitions of
technology, equipment, or human resources, the effect of economic
business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any
forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release.
DATASOURCE: Consumers Financial Corporation, Inc. CONTACT: Investor
Relations, Big Apple Consulting USA, Inc., +1-407-389-5900, for
Consumers Financial Corporation, Inc.
Copyright