ATLANTA, Aug. 3, 2005 (PRIMEZONE) -- Equus Resources, Inc. (Pink Sheets:EQUR) ("Equus") announced today the addition of its e-commerce division. Stanley Lee has been appointed the manager of e-commerce and Web development. In this capacity, Stan will oversee and further enhance all existing Equus websites and will be primarily responsible for future development of additional Internet sites and e-commerce initiatives by the Equus operating divisions and subsidiaries.
Stan has over 12 years experience in Web development and e-commerce projects. He has developed sites that promote corporate products and services and e-commerce sites that produce direct Internet sales.
In discussing his role, Stan commented, "I am very excited about the many opportunities at Equus. Equus' web presence can be enhanced immediately to improve the visibility of the company and its various lines of business. Plus, and this is a big plus, direct revenues can be generated from the subsidiaries and divisions by applying my plans for multiple well-defined e-commerce applications."
Working with Stan will be Jason Franklin, a former chief information officer and information technology consultant. Jason has extensive experience in Web-based applications and will be primarily responsible for the internal applications and intranet systems that Equus uses for operations and reporting in its operating companies.
Randy Harris, president of Equus, had these comments about the announcement: "Adding Stan and Jason to the Equus team allows us to launch an aggressive pursuit of those strategies and revenue streams that are driven by information technologies. We are especially interested in the possibilities that exist in our recent acquisition of American Career Training Institute. Using technology to offer our catalog of courses online can provide an almost limitless 'virtual institute,' which would give us national and even international access to students who desire the training we provide. Certainly 'distance learning' is one of the hottest growth areas in the education and instruction industry."
Jim Jones, director of special projects and new business development (who also has more than 30 years' experience in technology marketing and e-commerce) added, "Stan has ideas that will not only accommodate the customers once they are on our Internet sites, but he has proven strategies to drive significant customer traffic to our Web locations. This is a key to success in the e-commerce marketplace."
About Equus Resources
Equus Resources is a multifaceted financial services company that offers consumer and commercial clients a broad range of mortgage and insurance products, mainly in the southeastern states. Equus plans to expand its business through internal growth and acquisition and to add new financial products and services as demand warrants. Equus is headquartered in Roswell, Georgia, a suburb of Atlanta. For more information, please visit us at www.equusresources.com and www.teamonemortgage.com or e-mail us at investorinfo@equusresources.com, and we will be happy to add you to our electronic mailing list.
Forward-Looking Statements:
Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition, and other aspects of the Company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgment of management of the Company as of the date of this release, significant deviations in magnitude, timing, and other factors may result from business risks and uncertainties, including without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, the receipt of revenues, and other factors, many of which are beyond the control of the Company. The Company disclaims any obligation to update information contained in any forward-looking statement.