LAS VEGAS, Nov. 5, 2009 (GLOBE NEWSWIRE) -- Ideal Financial Solutions (Pink Sheets:IFSL) has announced that it has purchased $75,000 or 27,050,000 shares of its common stock, and placed them in treasury with plans to retire. The stock buy-back amounts to approximately 45% of its unaudited net income, which exceeds its promised goal of using 3% of monthly net income for the purpose of retiring Company stock.
"We're committed to our promise of creating value for our shareholders," stated Ideal Financial CFO, Kent Brown. "This is a small first step, but we believe that it's indicative of our concern for our investors and belief in the company's future."
About Ideal Financial Solutions
Based in Las Vegas, Nevada, Ideal Financial Solutions (www.idealfsi.com) provides the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset-building debt and build financial independence. As a leader in personal cash flow management systems, Ideal uses its automated CashFlow Management(C) tools (www.myifs.com) and its Credit to Wealth Systems to assist individuals, families and small businesses in building financial independence. To view a short video demo of our services go to www.ibuildwealthclub.net.
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Forward Looking Statements. This release may contain forward-looking statements as well as historical information. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks include, without limitation, the risk that the company will not be able to continue to repurchase three percent of net profits on a timely basis or at all and as a result the company's efforts to become a reporting company and ascend to the OTC Bulletin Board will be delay or prohibited as a result of a failure of the company to meet governing requirements, regulatory reviews or other issues. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein.