Financing terms agreed

Real Estate Weekly, Oct 1, 2003

Consumers Financial Corporation announced that it has agreed to terms and conditions of entering into a binding contract with Hudson Valley Global Partners, a New York company, to provide financing for its real estate transactions.

Hudson has agreed to provide Consumers Financial Corporation with financing of between $2 million to $4 million per month for the next 36 months.

Consumers Financial Corporation shall use the financing to consummate a maximum of 10 real estate transactions annually.

Donald J. Hommel, Consumers Financial Corporation president and chief executive officer stated, "Consumers Financial Corporation now adds an important component to our overall business model by engaging a group dedicated to raising funds for the company's specific acquisitions."

"We have negotiated an agreement that should create real value for the company and our shareholders. We have, and we will continue to, take the approach of building strategic partnerships to solidify our business model and keep the Company on the path of success long into the future."