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Financial Solutions' CEO Announces Buy-Back of Company Shares Amid Rapid Growth
Source: Ideal Financial Solutions, Inc.
On Monday June 22, 2009, 10:00 am EDT
Buzz up! 0 Print.LAS VEGAS, June 22, 2009 (GLOBE NEWSWIRE) -- Ideal Financial Solutions, Inc. (Pink Sheets:IFSL - News), a leader in personal cash-flow management and debt elimination services, announced that the company's CEO, Steven Sunyich, plans to purchase common shares from the open market as sales and revenue continue to dramatically increase for the company.
"My interest in purchasing shares from the open market is to put my 'money where my mouth is' with regard to our business plan and future," stated Ideal Financial Solutions Chief Executive Officer, Steven Sunyich. "I do not believe that in the wake of the economic collapse of 2008 -- which ironically sparked our current revenue growth -- that our share price fairly reflects our rapid growth or bright future. To that end, I'm ********* directly into the market and taking in shares at this price."
Ideal Financial has recently informed the market that the company has in excess of $1 million in cash assets, first quarter revenues in excess of $1.5 million, the addition of top-tier corporate counsel, a new marketing initiative, and an Internet marketing expert to further expand Ideal's web sales. In addition, the company projects that second quarter revenues will increase by over 160% of its first quarter revenues. The company has also stated its goal of becoming a fully reporting company in the near future and eventually pursuing a listing on a senior exchange.
"A simple review of our recent press releases should clearly indicate our progress and desire to join the elite financial services companies," Sunyich added. "While our revenue increase certainly validates Ideal's business acumen and customer acceptance, we're also intent on delivering value to investors and doing all the things that a company blossoming such as ours should do going forward."
About Ideal Financial Solutions
Based in Las Vegas, Ideal Financial Solutions (www.myifs.com) provides the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset-building debt and build financial independence. As a leader in personal cash flow management systems, Ideal uses its automated CashFlow Management(c) tools (www.onlinecashflowmanagement.com) and its Credit to Wealth Systems (www.credittowealth.com) to assist individuals, families and small businesses in building financial independence.
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For the latest news and press, please visit www.idealfsi.com
Forward Looking Statements. This release may contain forward-looking statements as well as historical information. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks include, without limitation, the risk that the company's revenues will not continue to grow, that second quarter revenue may not meet projections because of the association with the company's new marketing and other initiatives will exceed associated revenues and that the company will not become, or will be significantly delayed in becoming, a fully reporting company for one or more reasons, including a decision by the company not to pursue fully reporting status, absence of capital or other resources to satisfy compliance status, an adverse action or decision by a regulatory agency or other event. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein.
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