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TEAM Nation Enters Agreement to Acquire First Southwestern T

 

Monday, Jun 15,2009, 10:36:11 PM   Click:

IRVINE, CA -- (MARKET WIRE) -- 06/15/09 -- TEAM Nation Holdings Corporation ("TEAM") (OTCBB: TEMN) is pleased to announce that it has executed a Stock Purchase Agreement to acquire 85% of the outstanding stock of First Southwestern Title Company of California, a California corporation ("FSWT").

FSWT holds licenses in 11 California counties and has been restructured through its management agreement with TEAM. The restructuring positions the company for growth and profitability in 2009.

First Southwestern Title Company of California offers title insurance and escrow services to real estate and lending professionals throughout Southern California. The firm's other offerings include 1031 exchange, real estate owned (REO), and customer support services.

TEAM Nation's unique expertise has helped return title companies struggling in the current real estate market into successful, growing businesses. Under TEAM Nation's leadership, CalCounties Title Nation Company increased revenues by 98.8% in 2008. Revenues of CalCounties are expected to exceed 15 million in 2009. In the first quarter of 2009, CalCounties increased revenue 62% over 4th Quarter 2008 results.

"We are very excited to add First Southwestern to our growing portfolio of title companies," Janis Okerlund, president of TEAM Nation. "First Southwestern provides TEAM with a footprint in the expansive Northern California market. Its addition will quickly energize expansion and growth opportunities in markets currently untapped by TEAM."

About TEAM Nation Holdings Corporation:

TEAM Nation Holdings Corporation, a Nevada corporation ("TEAM-NV"), is a management and services company specializing in title insurance and escrow services through our affiliate title agency(ies), and the provision of management, production services, HR administration, IT support, and accounting administration for title insurance companies and related real estate ventures. Team Nation Holdings, a Nevada Corporation ("TEAM-NV"), is a holding Corporation for Team Nation Holding, a California corporation, a production and services company ("TEAM-CA") along with Escrow Nation, Inc., a California Corporation and Mortgage Nation, Inc., a California Corporation.


For more information, visit (www.teamnationholdings.com)

About First Southwestern Title Company of California:

First Southwestern Title Company of California is a licensed underwritten title agency operating in 11 California counties. Established in 1988 is has operated continuously under the guidance of David Kayton. The company focuses on residential resale and refinancing title insurance and issues policies underwritten by Transunion Title Insurance Company.

This news release contains forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks described in the company's filings with the SEC.

Contact: Taylor Capitol, Inc. Investor Relations Stephen Taylor 973-351-3868 Email Contact

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