Complete Financial Solutions Inc. (“CFSI”) (OTC:CFSU) announced that on January 6, 2015, it entered into an agreement to acquire the assets of Emery Accounting.
Emery Accounting is located in Priest River, Idaho, approximately 53 miles from the CFSI executive offices in Spokane, Washington. Founded in 2005, Emery Accounting offers personalized accounting, tax and bookkeeping services to individuals and small businesses in the U.S. and internationally.
Allen Ringer, CFSI CEO, commented, “The acquisition of the assets of Emery Accounting includes retaining the services of its managing member and key employees, which will assure there will be no change to the high level of service that customers of Emery Accounting are accustomed to receiving.”
Mr. Ringer continued, “The acquisition of Emery Accounting allows us to offer additional services to our existing customers, most of whom are buying mortgage services from us today through our subsidiary Acceptance Capital Mortgage Corporation. We intend to offer accounting services through our subsidiary, Accounting Solutions, Inc. The ability to cross-sell a new suite of products and services increases the value proposition for our existing customers, and those of Emery Accounting.”
Shawna Emery, the company’s namesake and managing member, commented, “We are excited to join CFSI! Our team of 7 employees and 1 associate have begun the transition to the CFSI group of companies. We expect a seamless transition with no disruption of services to our customers.”
About CFSI
Complete Financial Solutions Inc. is an emerging financial services company. Through its subsidiary companies, CFSI offers mortgage origination and processing services in 25 states. Acceptance Capital Mortgage Corporation (“ACMC”) is a HUD-approved lender allowing ACMC to bank and broker FHA loans. ACMC offers a spectrum of mortgage products through a variety of correspondent and broker relationships. Insurance Solutions Inc. offers protection products to mortgage customers of ACMC and the general public. www.cfsi.biz
This release may contain forward-looking statements involving risks and uncertainties concerning expected performance and comments within safe harbor provisions established under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from results predicted. Reported results shouldn't be considered an indication of future performance. We believe these potential risks and uncertainties include, without limitation: uncertainty regarding future revenue growth, operating results and profitability; our business being dependent on the health of the mortgage industry; government regulation; and the effect of industry restructuring, higher interest rates or adverse economic conditions. Statements in this release should be evaluated in light of these factors. We've included a detailed discussion of certain risks and uncertainties that could cause actual results and events to differ materially from our forward-looking statements in the section titled “Risk Factors,” filed with our Annual Report, posted with OTC Disclosure and News Service on 5/28/2014, available at www.otcmarkets.com. CFSI undertakes no duty to update or revise forward-looking statements, whether a result of new information, future events or otherwise.
