Business Services Industry
Sage Global Solutions, Inc. Receives Strong Upgrade by Respected Research Firm; Signs Contract with Orange Coast Title Insurance Worth $500,000 in Additional Annual Revenues
Business Wire, August 17, 2006
IRVINE, Calif. -- Sage Global Solutions, Inc. (Other OTC: SGGL.PK) is pleased to announce a well-respected firm, TRI-STATE Capital (TSC), has upgraded their equity rating on SGGL. This strong upgrade comes at a time when the company has recently acquired a high growth full-service commercial lines insurance agency and signed a contract with Orange Coast Title worth an estimated $500,000 in annual revenues. This upgrade is also due to the company confirming strong year-over-year results for all of their subsidiaries.
TSC is noted for their work with, account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL: http://www.otclive.com
Mr. Henry Davidson, CEO of International Builders Limited, Inc. states, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that our company is headed in the right direction". Mr. Davidson further stated, "Our recent agreement with Orange Coast Title has generated about 140 signings in the first month with gross revenues of approximately $28,000. We see the number of signings increasing every week and expected to double in 90 days. Annual revenues from agreement are estimated at $500,000. We anticipate continued record growth and acquisitions heading into 2007."
About Sage Global Solutions, Inc.:
The mission of Sage Global is to present a full spectrum of online financial and insurance services and products for small businesses and the individual retail customer. This acquisition is a significant step toward the Company's goal of becoming a complete financial services institution positioning itself as a market leader in a rapidly-growing industry.
Forward-Looking Statements:
This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially.
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