IRVINE, Calif., Aug. 15, 2006 (PRIMEZONE) -- Sage Global Solutions, Inc. (Pink Sheets:SGGL) announced today that its Express Notary subsidiary has formed a strategic marketing relationship with the Orange County division of Investors Title Company. Under the agreement, Express Notary will provide notary and real-estate closing documentation services for new lenders signed by Investors Title.
Ultimately, Express Notary expects to handle documentation for up to 300 real estate closings per month, which could generate up to $500,000 in new revenue annually for Sage. In its initial stage, Express Notary expects to process at least 100 real estate closings per month generating minimally $15,000 to $25,000 per month in new revenue. The same services will also be marketed system-wide to Investors Title lenders who administer 600 to 700 monthly closings in Orange County alone.
"We are very pleased to be working with this outstanding company. This is the second in what we expect to be a string of new agreements leading to exceptional growth as we have nearly doubled our annual revenue in the past few months," said Henry Davidson, CEO of Sage Global Solutions, Inc. "The efforts of our team are yielding great results and this is just the beginning. Now that we have relationships within some of the area's strongest and most prestigious real estate title groups, we fully expect to be able to continue our growth through internal marketing campaigns."
Based in Chapel Hill, North Carolina, Investors Title Company is a title insurance underwriter that writes policies to protect mortgage lenders and homeowners from unforeseen claims made against title to real property. Established in 1972, Investors Title specializes in residential and commercial title insurance, 1031 exchanges, reverse exchanges, title agency management services and Trust and Capital Management Services.
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.