Complete Financial Solutions Acquires Emery Accounting
January 20 2015 - 6:00AM
Business Wire
Complete Financial Solutions Inc. (“CFSI”) (OTC:CFSU) announced
that on January 6, 2015, it entered into an agreement to acquire
the assets of Emery Accounting.
Emery Accounting is located in Priest River, Idaho,
approximately 53 miles from the CFSI executive offices in Spokane,
Washington. Founded in 2005, Emery Accounting offers personalized
accounting, tax and bookkeeping services to individuals and small
businesses in the U.S. and internationally.
Allen Ringer, CFSI CEO, commented, “The acquisition of the
assets of Emery Accounting includes retaining the services of its
managing member and key employees, which will assure there will be
no change to the high level of service that customers of Emery
Accounting are accustomed to receiving.”
Mr. Ringer continued, “The acquisition of Emery Accounting
allows us to offer additional services to our existing customers,
most of whom are buying mortgage services from us today through our
subsidiary Acceptance Capital Mortgage Corporation. We intend to
offer accounting services through our subsidiary, Accounting
Solutions, Inc. The ability to cross-sell a new suite of products
and services increases the value proposition for our existing
customers, and those of Emery Accounting.”
Shawna Emery, the company’s namesake and managing member,
commented, “We are excited to join CFSI! Our team of 7 employees
and 1 associate have begun the transition to the CFSI group of
companies. We expect a seamless transition with no disruption of
services to our customers.”
About CFSI
Complete Financial Solutions Inc. is an emerging financial
services company. Through its subsidiary companies, CFSI offers
mortgage origination and processing services in 25 states.
Acceptance Capital Mortgage Corporation (“ACMC”) is a HUD-approved
lender allowing ACMC to bank and broker FHA loans. ACMC offers a
spectrum of mortgage products through a variety of correspondent
and broker relationships. Insurance Solutions Inc. offers
protection products to mortgage customers of ACMC and the general
public. www.cfsi.biz
This release may contain forward-looking statements involving
risks and uncertainties concerning expected performance and
comments within safe harbor provisions established under The
Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from results predicted. Reported results
shouldn't be considered an indication of future performance. We
believe these potential risks and uncertainties include, without
limitation: uncertainty regarding future revenue growth, operating
results and profitability; our business being dependent on the
health of the mortgage industry; government regulation; and the
effect of industry restructuring, higher interest rates or adverse
economic conditions. Statements in this release should be evaluated
in light of these factors. We've included a detailed discussion of
certain risks and uncertainties that could cause actual results and
events to differ materially from our forward-looking statements in
the section titled “Risk Factors,” filed with our Annual Report,
posted with OTC Disclosure and News Service on 5/28/2014, available
at www.otcmarkets.com. CFSI undertakes no duty to update or revise
forward-looking statements, whether a result of new information,
future events or otherwise.
Complete Financial Solutions Inc.Allen Ringer,
509-462-9236CEOaringer@cfsi.bizorRich Inza, 954-251-0616Investor
Relationsrinza@cfsi.biz
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