Amstar Financial Announces Affiliation With Amsure Title
February 28 2007 - 6:44PM
PR Newswire (US)
HOUSTON, Feb. 28 /PRNewswire-FirstCall/ -- Amstar Financial
Holdings, Inc. (OTC Pink Sheets: AFLH) announces the next step in
financial growth with an investment in preferred stock of Amsure
Title, Inc. Amsure Title recently announced a partnership with
Fidelity National Title Insurance Company (NYSE:FNF) to underwrite
Amsure Title's title insurance. Amsure Title now offers services in
all 50 states and the District of Columbia. Charles Barkley,
President and CEO of Amsure Title Company, Inc. said, "We're
excited about the association Amsure Title has with Amstar
Mortgage. With our ability to provide title insurance and closing
settlement solutions, coupled with Amstar's large stream of
clients, both firms are in a position to benefit." Amstar Mortgage,
a wholly owned subsidiary of Amstar Financial Holdings, Inc. (AFLH)
presents a networking potential of over 10,000 clients per year.
All will be required to purchase title insurance from a title
services company. Amstar's agreement with Amsure allows profit
sharing through dividend distribution for all title insurance
provided by Amsure Title. In accordance with applicable laws,
Amstar still allows all clients the freedom to choose another
service provider. However, with this relationship, Amstar can
provide better service for a client, since title and closing
services can be ordered through one source along with the mortgage
loan. This strategic alliance allows Amstar to offer a hassle-free
option for clients while adding additional revenue streams to
Amstar's bottom line. Rob Carter, Amstar's Senior Vice President of
Ancillary Services said, "This partnership allows us to offer our
customers a simple way to handle the need for title insurance and
closing services with no hassle for the client." In addition to
title services Amsure will offer closing services. Through this
service customers will have the convenience to close their mortgage
in their homes or workplace with extended hours. This provides
better customer service to clients. Amstar Financial Holdings, Inc.
(AFLH) congratulated Amsure Title on its increased services offered
to customers. "We look forward to the future as we realize our
vision to create a one-stop-shop of quality products for our
customers," said Howard Wayland, President and CEO, of Amstar
Financial Holdings, Inc. About Amstar Financial Holdings: Amstar's
major subsidiary is Amstar Mortgage Corporation, a national
mortgage banking and brokering company. Amstar currently employs
approximately 800 people and is licensed to operate through branch
offices in 31 states and the District of Columbia. Statements
regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the
meaning of section 27A of the Securities Act of 1933, Section 21E
of the Securities Exchange Act of 1934, and as that term is defined
in the Private Securities Litigation Reform Act of 1995. The
company intends that such proclamations about the Company's future
expectations, including future revenues and earnings, technology
effectiveness and all other forward-looking statements be subject
to the safe harbors created thereby. Since these statements involve
risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from expected
results. DATASOURCE: Amstar Financial Holdings, Inc. CONTACT:
Michael Wayland of Amstar Financial Holdings, Inc.,
+1-888-486-2370, or fax, +1-281-271-9032, or Web site:
http://www.amstarfinance.com/ http://www.amstarmtg.com/
https://www.fntic.com/
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