IRVINE, Calif., June 19, 2006 (PRIMEZONE) -- Sage Global Solutions, Inc. (Pink Sheets:SGGL) announced today that its Express Notary subsidiary has been contracted by Orange Coast Title to provide notary and real-estate closing documentation services for its Nationwide Lenders division in La Mirada, Calif.
"Within the next three months, from this one contractual relationship alone, we expect to grow to an average of 300 to 500 closings per month and $40,000 to $80,000 in monthly gross revenue. This arrangement should add at least $500,000 in annual revenue to Express Notary's existing revenue. We are expecting strong year-over-year results for all of our subsidiaries," said Henry Davidson, CEO.
"In just the first month under the agreement our subsidiary generated about 140 signings and gross revenues of approximately $28,000. We actually see the number of signings increasing every single week, and expect to double the closings count within 90 days. We have shot out of the gate and have Sage running on all cylinders," Davidson added. "It really is special to be part of a company that is growing and expanding at such incredible rates."
Express Notary is an online mobile notary service that specializes in loan document closings and has an extensive network of notary agents throughout the U.S. The main focus of the company is real estate documents and legal documents common to the business community. Express Notary's mission is to be the most efficient and dependable loan signing service in the nation.
The mission of Sage Global is to present a full spectrum of online financial and insurance services and products for small businesses and the individual retail customer. This acquisition is a significant step toward the Company's goal of becoming a complete financial services institution positioning itself as a market leader in a rapidly-growing industry.
Safe Harbor Statement
Statements in this press release about the company's future expectations other than historical facts are "forward-looking statements." It is important to note that actual results could differ materially from those in such "forward-looking statements" and "forward-looking statements" are inherently subject to risks and uncertainties. The name Express Notary is a copyright of Express Notary Service, Inc.