BRIARWOOD, N.Y., Jan. 11, 2007 (PRIME NEWSWIRE) -- GS Woodmere Inc., a subsidiary of Consumers Financial Corporation (Pink Sheets:CFCJ), had billings of greater than 16 million dollars in 2005. For 2006 GS Woodmere Inc. anticipates their billings to have increased substantially reflecting positive earnings for the first time. With the total marketplace in the medical billing field anticipated to approach 100 billion dollars, GS Woodmere Inc. is poised to continue to achieve record earnings.
According to the AMBA (American Medical Billing Association), their roster of both certified and non certified medical billing specialists is less than 4,000 in the United States, thereby creating the opportunity for a company like GS Woodmere Inc. which has turned the corner and achieved positive growth to capture its share of the growing multi billion dollar marketplace.
As previously announced in November, 2006, GS Woodmere filed a 15c-211 to obtain a trading symbol and become a separately traded public entity, maintaining its identity as a subsidiary of Consumers Financial Corporation Inc.
Gene Khodak, President and CEO stated, "We are accomplishing our goals with the dedication and assistance of our parent company, Consumers Financial Corporation, and its chairman and CEO, Jack Ehrenhaus. We look forward to bringing value to our stockholders and the stockholders of Consumers Financial Corporation."
GS Woodmere Inc. is an integrated Claims Management and Medical Billing solutions provider, providing its clients with the best Coding, Claim Verification, Transcription/Reporting, Collection, Arbitration and Litigation services, providing their clients with the finest services to obtain the full financial reimbursement to which they are legally entitled, so that their clients can concentrate on treating their patients and not on trying to be reimbursed. Consumer Financial Corporation truly focuses on understanding the needs of their clients, by staying up-to-date with the ever-changing rules and regulations in the insurance industry, by maintaining a staff of highly experienced professionals and by using the latest technological tools and software.
About Consumers Financial Corporation
Consumers Financial Corporation is a diversified merchant banking and financial services company dedicated to finding and assessing the value of micro-cap companies strategically located in markets where significant growth and profits can be obtained. CFCJ targets companies where management is exceptional, products are proprietary, techniques, software or technology provide some measure of exclusivity, where margins are above average and where these companies can benefit from CFCJ's financial assistance either though equity or credit facilities. CFCJ has extensive experience structuring and negotiating transactions to meet clients' strategic and financial objectives, providing a broad array of services focusing on strategic consulting and financing. CFCJ helps to solve long-term strategic issues for a limited number of clients and every assignment is considered very important. CFCJ's Corporate Advisory Services provide clients with confidential, objective, profit rearing valuable insight and assistance in financing to institutionally credible qualifying micro-cap corporations on how to use their money to add strength and profitability to their existing business. CFCJ also provides Restructuring and Reorganization advice to create a solid management core which possesses strong, supportive, professional management teams with congruent goals. CFCJ's success in pursuing those goals is reflected in the firm's outstanding reputation. We pride ourselves on our close client-based relations by maintaining the highest levels of professionalism and integrity, and senior-level attention to clients and relationships. CFC knows that, in a world riddled with conflicts of interest, there is great need for our vast financial knowledge, expertise and years of experience that allows us to provide entirely objective advice and counsel without any pressure from alternative agendas.