LAS VEGAS, Feb. 28, 2006 (PRIMEZONE) -- Consumer Direct of America (OTCBB:CSUA) announced today that it will be featured in the "Current Corporate Reports" section of Barron's weekly financial publication. The company will use this space to announce their recent letter of intent with OMDA Oil and Gas, Inc. (Pink Sheets:OMOG). The notice will run in the Saturday March 6th edition.
Barron's weekly publication reaches over 300,000 readers every week. It has been considered one the nation's top business journals for the past 85 years, and its target audience consists of sophisticated investors, as well as some of the country's top business leaders. Currently, the average Barron reader holds a personal portfolio valued at over 2 million dollars.
Chairman & CEO Michael A. Barron stated, "We are pleased to announce our current company developments in such a well-respected magazine as Barron's. We feel that this feature will open up CSUA and its new business plan to a wealth of new investors and financial analysts." Barron went on to say, "While this announcement will be featured for one week, we are considering establishing a much longer term relationship with Barron's, and may even consider a feature in the magazine's upcoming 'Annual Reports Roundup'."
About Consumer Direct of America
Consumer Direct of America is a publicly traded company (OTCBB:CSUA). The company spent the past few years acquiring and growing its wholly owned subsidiary, Shearson Home Loans, Inc. CSUA successfully grew this division to employ over 300 people, 250 of whom are residential mortgage real estate brokerage professionals who closed loan volume of over $1 billion for the year ended December 31, 2004. This entity was recently acquired by Paragon Financial Corporation (OTCBB:PGNF) in a transaction valued at $16 million. Consumer Direct of America currently has signed a letter of intent with OMDA Oil & Gas to acquire 90% of a Horizontal play in Panola County Texas.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. 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.