FORT WORTH, Texas, May 8, 2013 /PRNewswire/ -- Surety Capital
Corp. (SRYP.PK) announces its first quarter ended March 31, 2013 financial results. Surety's
Chairman of the Board and CEO Ralph
Mendoza stated, "Surety's net income for the quarter was
$12,005 ($0.001 per share) a 19.6% increase over the same
quarter ended March 31, 2012.
This is the ninth quarter in a row that Surety has had a net income
from its ordinary business operations and had an increase in its
quarterly net income. Our acquisition of Herrera Financial
Company has proven to be very successful."
Surety finalized the acquisition of Herrera Financial Company's
customer list, web-site, systems and name as of December 31, 2010. Herrera Financial is a
leading funeral insurance assignment company operating throughout
the United States. Veronica
Herrera, the Fort Worth
2012 Hispanic Entrepreneur of the year, established Herrera
Financial in 2007 to provide insurance assignment financing
primarily for Hispanic funeral homes.
CEO, Chairman Mendoza stated, "Surety has heavily advertised its
services to the Latino funeral homes and cemeteries during the
quarter and has hired a full time sales person to increase its
business." Mendoza further stated that, "Surety is looking
into a possible acquisition in the near future."
Surety Capital Corporation only has 16,320,973 shares
outstanding.
For more details concerning our financial statements, reports
and the "Financing Friends Reward Program", please contact either
Ralph Mendoza or Dick Abrams at 817.850.9800 or
dick@sryp.net.
Market Statement: Some limited information about Surety
is contained on the OTC Markets OTCPink website; however the
Company does not file reports with the Securities and Exchange
Commission or otherwise make current financial or other information
publicly available. With a lack of current public information
available, anyone considering purchasing or selling the Company
shares should carefully consider the risks involved with the lack
of having such information.
Forward-Looking Statement
This release contains
forward-looking statements that reflect Surety's plans and
expectations. In this press release and related comments by Company
management, words like "hope," "profit," "leading,"
"opportunity," "expect," "anticipate," "estimate,"
"forecast," "objective," "plan," "goal" and similar expressions are
used to identify forward-looking statements, representing
management's current judgment and expectations about possible
future events. Management believes these forward-looking statements
and the judgments upon which they are based to be reasonable, but
they are not guarantees of future performance and involve numerous
known and unknown risks, uncertainties and other factors that may
cause the Company's actual results, performance, achievements or
financial position to be materially different from any future
results, performance, achievements or financial position expressed
or implied by these forward-looking statements.
Media Contact
Chairman Ralph
Mendoza, Email:
Ralph@sryp.net, Tel. (817)
850-9800
SOURCE Surety Capital Corp.