SFNN.OB.......when will it explode ???

[Little Joe]

ihub post from bagfull

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For sharholders who believe in SFNN, here is a letter from mb to one of the investors. MB is very firm in his bellief that this is way too undervalued and will reach its fair value soon.This is no insider info, just to show how company addresses the Investor concerns and is working hard to have the share its fair value


To: XXXXXXXXXXXXXXXXXXXXXXXXX
Date: Mon, 16 Apr 2007 23:44:17 +0000
Subject: Re: Investors worried about SFNN fair value
XXXX: The company is doing what it can by making earnings & telling the world about it. We are all investors in the stock here also and want it to go up. I don't understand why anyone would sell at these levels. Our plan for the year is to visit institutional buyers and road show the company with the mission of gaining long support. I don't believe there is a short cut here nor will the issues you raised be solved overnight. However, so long as a company can continue to earn profits, sooner or later the value will be reflected in the trading price. We are dedicated to that cause. - mb 

[Little Joe]

oversold + new uptrend building

[Little Joe]

[D&Data]

Yep/more newzzz
Shearson Financial Network, Inc. Moves to Expand Its Warehouse Banking Capacity
Thursday April 19, 12:56 pm ET


LAS VEGAS, NV--(MARKET WIRE)--Apr 19, 2007 -- Shearson Financial Network, Inc. (OTC BB:SFNN.OB - News) (www.sfnncorp.com) announced today that its wholly owned subsidiary, Shearson Home Loans (www.shearsonhomeloans.com), has applied to expand its warehouse banking capacity by $20 million. Amid growing originations at the Company, additional mortgage warehouse lines of credit are needed to meet the demand for banked products. The Company currently has in excess of $20 million in warehouse banking credit lines.
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"Our Company is experiencing strong growth due to an aggressive recruitment program following a first quarter that saw many of the industry originators depart the business. We are facilitating a home for many of the displaced loan officers and wholesale account personnel within Shearson and welcome their business," stated Michael Barron, CEO and Chairman of Shearson Financial Network, the Company's parent. "The additional credit facility is part of our plan to expand the loan volume we bank through our loan center."

Shearson Financial Network, Inc. reported net income of $2.8 million for the year ending December 31, 2006 and the company's operating unit, Shearson Home Loans, contributed $1.6 million to earnings. The value of Assets held by SFNN increased to $30.6 million for the year ended December 31, 2006 from $4.4 million in 2005, an increase of 590%. Net worth increased to $6.4 million from $(7. million during the same period, representing an increase of $14.2 million. Revenue from the originations of loans increased 25% or $1.7 million to $8.5 million Earnings per share for the year ended December 31, 2006 was $0.02 as compared to a loss per share of $0.50 from the year ended December 31, 2005.

[waxweazle]

Net Income Applicable To Common Shares   $2,757     

[D&Data]

SFNN wants to move/ several good pr these days... here's another one...
Shearson Financial Network, Inc. Opens Talks With Sterling Eagle/Warehouse One Re: JV
Tuesday April 24, 12:49 pm ET


LAS VEGAS, NV--(MARKET WIRE)--Apr 24, 2007 -- Shearson Financial Network, Inc. (OTC BB:SFNN.OB - News) www.sfnncorp.com announced today that it has opened discussions with Sterling Eagle www.sterlingeagle.com and its subsidiary, Warehouse One (Sterling) regarding a joint venture between the two companies. Sterling is in the business of providing warehouse banking credit lines to over 70 mortgage banking company customers with closed loan volume for 2006 in excess of $1.2 billion. Shearson Home Loans www.shearsonhomeloans.com operates a national mortgage branch network with licenses in over 30 states. The talks are aimed at utilizing Shearson's expertise in branch management to assist Sterling's customers to increase their mortgage banking activity by joining Shearson's branch network. The combined annual revenue of Sterling's customer base is approximately $300 million.
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"This is an important first step in a business combination that both parties hope will have substantial benefits," stated Michael Barron, CEO and Chairman of Shearson Financial Network. "As we are able to assist Sterling Eagle with its client base, Shearson has a unique opportunity to present the Shearson operating record to Sterling's customers. Our hope is that many will choose to join the network because of this alliance."

Shearson Financial Network, Inc. reported net income of $2.8 million for the year ended December 31, 2006 and the company's operating unit, Shearson Home Loans, contributed $1.6 million to earnings. The value of Assets held by SFNN increased to $30.6 million for the year ended December 31, 2006 from $4.4 million in 2005, an increase of 590%. Net worth increased to $6.4 million from $(7. million during the same period, representing an increase of $14.2 million. Revenue from the originations of loans increased 25% or $1.7 million to $ 8.5 million Earnings per share for the year ended December 31, 2006 was $0.02 as compared to a loss per share of $0.50 from the year ended December 31, 2005.

[D&Data]

Shearson Financial Network, Inc. Signs JV With United Equity Partners for Direct Marketing of Loans
Friday April 27, 1:44 pm ET


LAS VEGAS, NV--(MARKET WIRE)--Apr 27, 2007 -- Shearson Financial Network, Inc. (OTC BB:SFNN.OB - News) (www.sfnncorp.com) announced today that it has deployed its direct response marketing for solicitation of mortgage loans with United Equity Partners via Shearson's facility in Irvine, California. The companies entered into a joint venture to capture the increasing number of mortgage borrowers abandoned by the collapse of lenders serving the sub-prime market. Hardest hit was the Southern California market which has let go thousands of loan officers during the last several months. Shearson Home Loans (www.shearsonhomeloans.com) deployment of the direct marketing unit allows Shearson agents to call borrowers directly and solicit them for mortgage loans. The company has procured the names of over 20,000 borrowers who had applied for mortgages with now defunct lenders.
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"We are taking advantage of the shift in borrower credit," stated Michael Barron, CEO and Chairman of Shearson Financial Network. "Many of the lenders who have shut their doors due to sub-prime loan problems also had a portfolio of borrowers who were not sub-prime borrowers. When the companies closed, they needed to find a lender to complete their loan. We want to be that company so we intend to contact them and offer to help them close." Mr. Barron was quick to add, "This does not mean we are going after sub-prime business -- we are not. We are only going after those who fit our credit profile of low risk loans."

[doyerdiligence]

anyone taking advantage?

[D&Data]

Press Release Source: Shearson Financial Network


Shearson Financial Network, Inc. Doubles Mortgage Banking Capacity
Tuesday June 19, 9:00 am ET
Hi doyerdiligence
Shearson Financial Network, Inc. and Dollar Mortgage Announce Financial Partnership


LAS VEGAS, NV--(MARKET WIRE)--Jun 19, 2007 -- Shearson Financial Network (OTC BB:SFNN.OB - News), a consolidator in the highly fragmented mortgage brokerage marketplace, announced today that it reached an agreement to acquire all of the assets and operational businesses of Dollar Mortgage Corporation of La Mesa, California. Under the agreement, Shearson Financial Network will issue to Dollar's shareholders a combination of cash and stock valued in excess of one million dollars. The transaction is scheduled to close in June 2007.

http://biz.yahoo.com/iw/070619/0267822.html

[D&Data]

short covering ?

[D&Data]

August 14, 2007 - 3:15 PM EST           

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Shearson Financial Network, Inc. Posts Profit for Second Quarter
Shearson Financial Network, Inc. (OTCBB: SFNN) (www.sfnncorp.com) announced today that it has posted an operating profit for the second quarter ending June 30, 2007 of $322,309. The Company's net income for the quarter after accounting for interest expense, debt discount expense and minority shareholder interest was $176,753. For the six month period the company posted a net loss of $610,571.

Second Quarter Results

Net revenues from origination and/or sale of loans increased 10% or $152,182 to $1,679,763 for the quarter ended June 30, 2007 from $1,527,581 for the quarter ended June 30, 2006. Total operating expenses decreased $116,755 or 9.2% to $1,156,892 for the quarter ended June 30, 2007, from $1,273,647 for the quarter ended June 30, 2006. Income from operations increased $517,685 or 265%, to $322,309 for the quarter ended June 30, 2007 as compared to a loss from operations of $195,376 for the quarter ended June 30, 2006.

Six Month Results

Net revenues from origination and/or sale of loans increased 63.1% or $1,085,236 to $2,084,036 for the six months ended June 30, 2007 from $1,718,000 for the six months ended June 30, 2006. Total operating expenses decreased $1,440,786 or 35.3% to $2,643,335 for the six months ended June 30, 2007 as compared to $4,084,121 for the six months ended June 30, 2006. The decrease is related to a reduction in wages of $428,084 or 27.3%, a decrease in professional fees of $1,211,313 or 70% and a decrease in depreciation of $28,922 or 9.4%, offset by an increase in SGA of $227,533 or 47.4%. The decrease is attributable to the reduction in work force and the stabilization of professional fees, offset by the increase in SGA which is related to the acquisition of 85% of Allstate Home Loans, Inc. Income from operations increased $2,578,034 or 890%, from a loss from operations of $2,891,866 for the six months ended June 30, 2006. to a loss of $313,832 for the six months ended June 30, 2007 as compared to a loss from operations of $2,891,866

Shearson Home Loans, the Company's mortgage banking and brokerage subsidiary, posted its 18th consecutive quarter with an operating profit for the period ending June 30, 2007 of $862,457. Six month net income results for Shearson Home Loans was a profit of $929,369.

"We are pleased with our operating results for the quarter and for the six months ending June 30, 2007. Our company has made difficult decisions and our team has pulled together during this difficult time in our industry when so many of our friends are no longer here," stated Michael Barron, Chairman & CEO. "It's been a tough time for mortgage companies, perhaps the worst of all time, but we feel we have done the things necessary to remain a profitable enterprise." He continued. "Our strategy is to continue the things that got us here and focus on the fundamentals of our business -- good, sound, low risk mortgage origination."

Shearson Financial Network, Inc. reported net income of $2.8 million for the year ending December 31, 2006 and the company's operating unit, Shearson Home Loans, contributed $1.6 million to earnings. The value of Assets held by SFNN increased to $30.6 million for the year ended December 31, 2006 from $4.4 million in 2005, an increase of 590%. Net worth increased to $6.4 million from $(7. million during the same period, representing an increase of $14.2 million. Revenue from the originations of loans increased 25% or $1.7 million to $8.5 million. Earnings per share for the year ended December 31, 2006 was $0.02 as compared to a loss per share of $0.50 from the year ended December 31, 2005.

About Shearson Financial Network, Inc.

The company is a consolidator of independent mortgage brokerages. Shearson operates 17,538 sq. ft. of branch office space licensed in 33 states. The company currently is seeking new branches for its growing network. For more information, please visit the company's website at www.shearsonfinancialnetwork.com, www.sfnncorp.com or www.shearsonhomeloans.com.

Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs, and estimates as to projected results and market size are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent of obligation to update these forward-looking statements.

CONTACT:
Shearson Financial Network
Las Vegas, Nevada
Michael Barron
702-868-7922





Source: Market Wire (August 14, 2007 - 3:15 PM EST)

News by QuoteMedia
www.quotemedia.com 

[D&Data]

up 40%....now 0.0028/.............0.003 to break

[visualjourney]

Would anyone care to refresh this topic with some new thoughts