an-alyst's pick Wed, 07 Jul 2004 12:22:02 -0600
Subway Financial Inc Invest0r Alert EPFL is the newest. exciting growth st0ck in our portf0lio that could see solid price gains over the next several weeks. This st0ck seems ideally situated to see higher trading levels in the next week, and benefits from having both solid fundamentals and a compelling investment story. This emerging fi-nancial c0nglomerate has synergistic 0perations in m0rtgage banking, fin-ancial techn0logies, and s0ftware is pursuing an aggressive acquisiti0n program that will significantly improve t0p and b0ttom line gr0wth. EPFL has already demonstrated successes with its m0rtgage division and is poised to see similar success with introduction of its inn0vative VideoFone VoIP System. EPFL’s m0rtgage banking division has more than $360 milli0n in m0rtgage fin'ancings per year, and expects to finance m0rtgage l0ans of more than $1 billi0n over the next year. With more than $3.8 trilli0n in m0rtgage l0ans last year and interest rates at all time lows, there is a solid 0pportunity for growth. Epic Financial Corporation (OTC BB: EPFL) Current Price: $0.11 Shares 0utstanding: 11.2 Million Market Capitalizati0n: $1.9 Million Industry: C0nsumer Fi-nancial Services Industry P/E: 13.3x EPFL is a diversified finan-cial services, fi'nancial techn0logy, and fi-nancial s0ftware c0nglomerate that is implementing an aggressive expansi0n and acquisiti0n pr0gram to dramatically inc-rease its revenues and pr0fits over the near term. The C0mpany’s m0rtgage banking division has already made several acquisiti0ns with total l0an financings of $360 milli0n per year, and intends to gr0w these finan-cings to $1 billi0n over the next twelve months. At the same time, EPFL is pursuing exciting new 0pportunities in fi'nancial techn0logy devel0pment and s0ftware publishing. EPFL plans to release an inn0vative new VoIP vide0 conferencing soluti0n for use in the m0rtgage and financial services industries. The C0mpany’s Epic M0rtgage division has pursued a series of successful acquisiti0ns that have led to l0an financings of more than $360 milli0n per year. The recent acquisiti0ns of Key M0rtgage C0rporation and American National M0rtgage C0rporation have built a pr0fitable m0rtgage business for EPFL with significant revenues. Key M0rtgage alone saw revenues of $4.7 milli0n and earnings of $588 th0usand for the ten months ended Oct. 31, 2003. EPFL is aggressively pursuing additional m0rtgage expansi0n 0pportunities, and plans to reach $1 billi0n in m0rtgage fi-nancings over the next year. EPFL is making an aggressive entry into an expl0sive gr0wth VoIP techn0logy market with devel0pment of its VideoFone VoIP System. The VideoFone, utilizing a proprietary VoIP system to connect parties in a fi-nancial transacti0n (such as m0rtgage bankers, underwriters, vend0rs, and cust0mers) is an inn0vative s0lution tailor made to the needs of the fi'nancial services industry, and p0sitions EPFL at the forefront of a VoIP market which is expected to reach revenues of $197 billi0n by 2007 from $13.0 billi0n in 2002 (Insight Research). EPFL is exceptionally well positi0ned within a m0rtgage banking industry that has been enjoying the most r0bust gr0wth of the past thirty years. In 2003, m0rtgage financing reached an all time high, with appr0ximately $3.8 trilli0n ($2.5 trilli0n from refinances alone), and the long term 0utlook remains highly fav0rable. In spite of inevitable interest rate hikes, and the ensuing decline in re-finan-ces, the M0rtgage Banking Ass0ciation of America f0recasts stable m0rtgage originations of $2 - $2.5 trilli0n through 2006. With its m0rtgage banking service 0ffering oriented across the spectrum from FHA buyers to luxury buyers, we believe that Epic Fi-nancial is exceptionally situated to benefit from this strong m0rtgage origination climate. EPFL benefits from their experienced and solid management teams, who have extensive hands-on and man'agement experiences in the m0rtgage banking and fi'nancial services industries. Management, led by CEO William Parker, has been successful in the development of EPFL as a rapidly growing finan-cial services firm with a number of independent revenue streams. Mr. Parker has more than 20 years of experience in the m0rtgage industry, and has served as CEO for a number of m0rtgage banking operations, including American National M0rtgage. At its current trading price of $0.11 per share, EPFL is a c0mpelling investment 0pportunity. To better appreciate the upside p0tential it offers to invest0rs, consider the following -- m0rtgage st0cks trade at an average P/E of 13.3x -- EPFL’s Key M0rtgage subsidiary alone saw revenues of $4.7 milli0n and earnings of $588 th0usand for the ten months Jan.- Oct., 2003. Keep in mind that this is for one division of the C0mpany alone and doesn’t reflect acquisiti0ns, other subsidiaries, and the introduction of EPFL’s techn0logy and VoIP solutions! With new acquisiti0ns and antici-pated t0p and b0ttom line gr0wth, we expect EPFL’s market valuati0n to move higher over the next several months. You may want to consider adding this st0ck to your p0rtfolio now, while pri'ces are still l0w. With more acquisiti0ns in the works, a successful m0rtgage banking 0peration, and pr0fitable new 0pportunities in fi'nancial s0ftware and VoIP, EPFL has solid upside p0tential. This is an excellent micr0cap issue, and could be part of any gr0wth p0rtfolio. DIS-CLAI-MER: Subway Fi'nancial Inc. is an ind-ependent newsletter with the g0al of giving invest0rs the nec'essary kn0wledge to make rati0nal and pr0fitable inv'estment decisi0ns. This publicati0n does not pr0vide an ana'lysis of the C0mpany's fin'ancial positi0n and is not an 0ffer to b'uy or s'ell secu-rities. Inv'esting in secu'rities is spe-culative and carries r'isk. It is rec0mmended that any inve'stment should be made after c0nsulting with your inve-stment advis0r and after rev-iewing the fin'ancial sta'tements of the c0mpany. SFI presents inf0rmation in this 0nline rep0rt bel'ieved to be reli'able, but its acc'uracy cannot be as-sured. Past perf0rmance does not ins'ure similar fu-ture re-sults. SFI is not purp0rted to be a c0mplete and th0rough ana'lysis of the fea-tured c0mpany and rec0mmends a c0mplete re'view of the C0mpany's regualt0ry fil-ings at sec.gov. The inf0rmation herein c0ntains f0rward-l00king sta'tements and inf0rmation within the meaning of Secti0n 27A of the Se'curities Act of 1933 and Secti0n 21E of the Se-curities Exc-hange Act of 1934, including stat-ements regarding exp'ected c0ntinual gr0wth of the fe-atured c0mpany. Any st-atements that express or inv0lve discussi0ns with respect to predicti0ns, expectati0ns, be.liefs, plans, projecti0ns, 0bjectives, g0als, assumpti0ns or fu'ture events or perf0rmance are not stat-ements of hist0rical fact and may be "f0rward l00king sta-tements."F0rward l00king sta-tements are based on expectati0ns, est-imates and projecti0ns at the time the sta-tements are made that inv0lve a number of ri'sks and uncer'tainties which could cause actual re-sults or events to differ mat-erially from those presently ant-icipated. F0rward l00king sta-tements in this acti0n may be iden-tified through the use of words such as "pr0jects", "f0resee", "ex-pects", "will," "an-ticipates," "est'imates," "bel-ieves," "un-derstands" or that by st-atements indi-cating certain acti0ns "may," "c0uld," or "might" 0ccur. SFI discl0ses the re-ceipt of Twenty th0usand d0llars from a third pa-rty, not an 0fficer, direct0r or af-filiate shareh0lder of the c0mpany for the circulati0n of this rep0rt. Be aware of an inherent c0nflict of int'erest res-ulting from such c0mpensation due to the fact that this is a pa'id adver-tis'ement. All fac'tual inf0rmation in this rep0rt was gathered from public s0urces, including but not lim-ited to C0mpany We-bsites, SEC filings and C0mpany Pre-ss Rel-eases. SFI bel-ieves this inf0rmation to be rel-iable but can make no guaran-tee as to its a-ccu-racy or c0mpleteness. Use of the ma-terial within this e-mail c0nstitutes your acc-eptance of these terms. 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