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

[Feng]

last quarter results are very promising.....



Press Release Source: Shearson Home Loans

Shearson Financial Network Posts Profit for First Half of 2006
Tuesday August 22, 11:03 am ET


LAS VEGAS, NV--(MARKET WIRE)--Aug 22, 2006 -- Shearson Financial Network, Inc (OTC BB:SFNN.OB - News) announced today that it posted a profit for the first six months of 2006 of $1,977,262 on revenues of $4,273,860. The performance figures represent an increase of over 140% growth in revenue over last year and over 300% growth in profitability over the same period.
"We are pleased that our mortgage group has continued to grow during this period when many mortgage companies are finding it difficult to make a profit," states Michael Barron, CEO of Shearson Financial Network. "Our management team here has undertaken an aggressive growth plan and we are seeing great results. We now have positive confirmation that our strategy of acquisition and integration of independent mortgage brokerages is clearly working."

The Company released its Pro forma consolidated statements as well which place the mortgage consolidator at a $21 million dollar revenue run rate for the first six months and Pro forma profitability for the same period of $4.5 million.

About Shearson Financial Network, Inc.

Shearson Financial Network Inc. (OTC BB:SFNN.OB - News) is the parent to two primary operating divisions, Shearson Home Loans and Real Property Technologies (RPT). Shearson Home Loans (SHL) is a direct-to-consumer mortgage broker and banker with revenues derived primarily from origination commissions and resale of whole loans earned on the closing of first and second mortgages on single-family residences. SHL currently employs over 500 people which are residential mortgage and/or real estate brokerage professionals. The Company is a consolidator of mortgage brokerages and integrates the brokerage companies into the Shearson Home Loans network and then banks the mortgages through its mortgage banking unit. The Company plans to continue its growth strategy through the acquisition and affiliation of mortgage brokerage firms who do not currently bank their own production.

RPT is a leading real estate information company with headquarters in New York. RPT operates within the Shearson Financial Network as a separate data network. RPT provides a steady revenue stream and profitability with which the company looks to mitigate the effects of interest rate fluctuations in the mortgage lending market. The company serves over one thousand customers in the real estate, title, and mortgage industries.

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:
     CONTACT:
     Shearson Financial Network, Inc.
     Andrew Austin
     619-334-5644
     


--------------------------------------------------------------------------------
Source: Shearson Home Loans

[tokyopua]

last quarter results are very promising.....



Press Release Source: Shearson Home Loans

Shearson Financial Network Posts Profit for First Half of 2006
Tuesday August 22, 11:03 am ET


LAS VEGAS, NV--(MARKET WIRE)--Aug 22, 2006 -- Shearson Financial Network, Inc (OTC BB:SFNN.OB - News) announced today that it posted a profit for the first six months of 2006 of $1,977,262 on revenues of $4,273,860. The performance figures represent an increase of over 140% growth in revenue over last year and over 300% growth in profitability over the same period.
"We are pleased that our mortgage group has continued to grow during this period when many mortgage companies are finding it difficult to make a profit," states Michael Barron, CEO of Shearson Financial Network. "Our management team here has undertaken an aggressive growth plan and we are seeing great results. We now have positive confirmation that our strategy of acquisition and integration of independent mortgage brokerages is clearly working."

The Company released its Pro forma consolidated statements as well which place the mortgage consolidator at a $21 million dollar revenue run rate for the first six months and Pro forma profitability for the same period of $4.5 million.

About Shearson Financial Network, Inc.

Shearson Financial Network Inc. (OTC BB:SFNN.OB - News) is the parent to two primary operating divisions, Shearson Home Loans and Real Property Technologies (RPT). Shearson Home Loans (SHL) is a direct-to-consumer mortgage broker and banker with revenues derived primarily from origination commissions and resale of whole loans earned on the closing of first and second mortgages on single-family residences. SHL currently employs over 500 people which are residential mortgage and/or real estate brokerage professionals. The Company is a consolidator of mortgage brokerages and integrates the brokerage companies into the Shearson Home Loans network and then banks the mortgages through its mortgage banking unit. The Company plans to continue its growth strategy through the acquisition and affiliation of mortgage brokerage firms who do not currently bank their own production.

RPT is a leading real estate information company with headquarters in New York. RPT operates within the Shearson Financial Network as a separate data network. RPT provides a steady revenue stream and profitability with which the company looks to mitigate the effects of interest rate fluctuations in the mortgage lending market. The company serves over one thousand customers in the real estate, title, and mortgage industries.

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:
     CONTACT:
     Shearson Financial Network, Inc.
     Andrew Austin
     619-334-5644
     


--------------------------------------------------------------------------------
Source: Shearson Home Loans

Nice pick, applaud, up about 100% since your post.  Could go higher, might be a candidate for G-spot increase given record volume Friday.

[Feng]

 

Press Release   Source: Shearson Home Loans

Shearson Home Loans Moves Pipeline to $213 Million
Wednesday October 11, 12:30 pm ET

LAS VEGAS, NV--(MARKET WIRE)--Oct 11, 2006 -- Shearson Home Loans, a fast-growing mortgage banker/broker, has announced today its mortgage loan pipeline has risen in excess of $150 million. Typically, the Company will close 50% of its open pipeline in any 30-day period. The increase in the pipeline has been due to increased branch recruitment over the last six months and recent acquisitions. The Company typically earns revenue between 3% to 5% on loans it closes from its pipeline.

Chairman & CEO Michael A. Barron said, "Despite the increase in mortgage rates, our company is experiencing significant growth in loan originations which is the fuel gauge for revenue in our industry. We think this is because the Shearson Home Loans network of services offers superior capability to independent mortgage brokerages and they seek to affiliate with our program."

About Shearson Home Loans

Shearson Home Loans is a fast-growing provider of residential mortgages. It employs over 500 people in the residential mortgage division. Shearson operates 54,000 sq. ft. of branch office space with 37 locations in 47 states. The company is a consolidator of independent mortgage brokerages and has grown rapidly during the last three years through acquisition and consolidation. The company currently is seeking new branches for its growing network. For more information, please visit the company's website at www.shearsonhomeloans.com


Contact:

     Contacts:
     Michael Barron
     Shearson Home Loans
     702-868-7900
     

Source: Shearson Home Loans

[gmarc66]

Also just hit a g-spot at .0275..i had been watching this one for a little while...very nice.

[gmarc66]

Nice news,  watch for a possible g-spot breakout.

Wednesday, October 18 2006 9:30 AM, EST

Shearson Net Worth Tops $40 Million

LAS VEGAS, NV -- (MARKET WIRE) -- 10/18/06 -- Shearson Financial Network (OTCBB: SFNN) and its subsidiaries Shearson Home Loans, a fast growing mortgage banker/broker, and RPT, a property information company, announced today its operating net worth has grown in excess of $40 million according to interim company prepared financial statements released to its major warehouse lenders, RFC and IMPAC. The statements also show an increase in assets to $87 million for the eight months ending 8/30/06. Typically, the Company will be able to borrow from its warehouse lenders 10 times the tangible net worth amount on its statements. The statements were released as part of ongoing compliance requirements from the Company's warehouse banks. The increase in the net worth and asset base has been due to increased branch recruitment over the last six months and recent acquisitions.

Chairman & CEO Michael A. Barron said, "Shearson continues to execute on its program of growth through acquisition and integration. We are pleased our financial condition is reaching these new highs during 2006."

About Shearson Home Loans

Shearson Home Loans is a fast-growing provider of residential mortgages. It employs over 500 people in the residential mortgage division. Shearson operates 54,000 sq. ft. of branch office space with 37 locations in 47 states. The company is a consolidator of independent mortgage brokerages and has grown rapidly during the last three years through acquisition and consolidation. The company currently is seeking new branches for its growing network. For more information, please visit the company's website at www.shearsonhomeloans.com.

Contacts:
Michael Barron
Shearson Home Loans
702-868-7900

[kidneydr]

looking good again.

[kidneydr]

Huge volume today.
12 million and closed at .016, up 100%!!!

VERY strong close, right at 50dma resistance! Resistance after that is .020, .025 and .035

[kidneydr]

Interesting info
I did some digging and found the following information regarding institutional and company officer insider holdings (as of April-2006; see pertinent section of http://www.secinfo.com/d12TC3.vsbv.htm#3bat):

Michael A. Barron (President, Chief Executive Officer and Director) holds 7,714,918 (8%) shares.

Lee Shorey (Chief Financial Officer and Director) holds 67,000 (0.1%)

Joseph Cosio-Barron(-President) 12,488,618 (12.9%)
Crusader Capital Partners 15,361,462 (16.0%)
Eclipse Holding Corporation 22,469,999 (23.4%)

All Officers and Directors as a group (4 persons) 20,203,536 (20.9%)

[kidneydr]

i wish i knew how to post the chart...

[gmarc66]

Here you go Kidney.

To save chart.

1.Go to stockcharts.com
2.Right click on the chart and save the image to your desktop or whereever u like...use the 520 chart size.
3. Reply to the thread, under the text area, u will see 'Additional Options' in blue, click on it, then click browse to retrieve the file
4. Click 'post' once u have added ur text and attached the necessary files.

Yes SFNN is waking up again.

glta

julia

[kidneydr]

Thank you.....hopefully will include charts next time

appreciated

[kidneydr]

breaking out

[gmarc66]

Alright...lets see if it can do the g-spot dirty dance...g-spot .021..needs to go over it...then the dance floor is all hers. Come on g-spot...move those feet ..i need a dance partner.

Not in yet...but, watchign for the break.

glta

julia

[stocks1984]

any thoughts whether the 10-q is going to be filed by next week? what about a bounce?

[D&Data]

SFNN is doing well t'day...
up 40%

Shearson Financial Network, Inc. Reports Increase in Earnings for the Three and Nine Months Ended September 30, 2006
Wednesday November 22, 10:56 am ET


LAS VEGAS, NV--(MARKET WIRE)--Nov 22, 2006 -- Shearson Financial Network, www.sfnncorp.com, (OTC BB:SFNN.OB - News) reported earnings of $4,450,211 for the nine months ended September 30, 2006 and earnings of $2,474,658 for the quarter ended September 30, 2006, as reflected on the Company's Form 10Q filed with the SEC on November 20, 2006.
ADVERTISEMENT


For the nine months ended September 30, 2006, revenues increased $7.7 million to $14 million from revenue of $6.3 million during the same period for the prior year. Gross profit increased $7.1 million to $10.9 million, as compared to $3.8 million for the same period in 2005. Earnings per share increased to $0.04, from a loss per share of $0.34 during the same period in the prior year. Net worth increased to $47.8 million from $(5.5) million as of September 30, 2006.

Both operating units of the Company, Shearson Home Loans and Real Properties Technologies ("RPT"), posted operating profits during the period. Net revenues from origination and/or sale of loans from Shearson Home Loans, the company's mortgage banking subsidiary, increased 5% or $313,000, to $6.6 million for the nine months ended September 30, 2006 from $6.3 million for the nine months ended September 30, 2005. The increase in revenues is directly related to the Company's acquisition of Allstate Funding Corp and its purchase of certain assets of eHome Credit Corp., of which revenues totaled approximately $5.7 million.

The Company's CEO and Chairman Michael Barron stated, "We believe our operating results in both the RPT unit and the Shearson Home Loans are reflective of the progress the Company is making with our acquisition strategy in both industry segments. We have had our challenges in the past and now look forward to realizing our future growth potential under our current business strategy."