Time Lending California, Inc.'s Signature Marketing Division Announces Data Reseller Agreement With Fidelity National Information Services' IDM Corporation
Market Wire, March, 2006
Time Lending California, Inc. (OTC BB: TIML) today announced that its Signature Marketing Division has entered into a reseller agreement with IDM Corporation, a division of Fidelity National Information Services. Under the terms of the agreement, Time Lending California (TLC), Inc. will resell IDM Corporation's property data.
TLC's CFO, Phil La Puma, said, "Data used to market to homeowners must be as up-to-date as possible because of continuous homeowner movement. IDM Corporation continuously updates their data for our clients' direct marketing efforts to help them achieve maximum campaign response."
Signature Marketing uses the data for its "MAX RESPONSE" mailing program, which provides up-to-date homeowner information that has been processed through the U.S. Postal Service and the National Change of Address program to assure the best possible campaign results. In addition, Signature provides telephone tracking and response reporting to accurately measure clients' direct mail marketing response rates.
As a reseller for IDM Corporation, Signature Marketing purchases large quantities of data to obtain high-volume pricing for their mail clients. Signature also works closely with their clients to optimize their data selects to better target their desired market. Marketing to homeowners is Signature's expertise.
Brian Mushaney, senior vice president of sales for IDM Corporation, said, "As a reseller of our data, Signature Marketing provides 'one-stop shopping' and is a single provider of data and mailing for many of their clients. We refer clients to Signature because of their excellent homeowner marketing expertise."
About Time Lending Company
Time is engaged in the business of direct mail and telemarketing under the dba Signature Marketing. Over the past eight years, Time Lending's marketing division has helped many companies grow through its marketing expertise. In addition Time Lending is also in business as a mortgage broker that originates first and second loans secured by real estate through deeds of trust and mortgages.
The Company's business strategy is to provide a public umbrella for private companies that desire to grow rapidly through participation with their own marketing company. Time will acquire mortgage companies, real estate related, and insurance companies and grow them through expanded direct mail marketing and telemarketing. The Company is also looking to acquire real estate related companies such as real estate brokerages, escrow and a property management company. In addition, Michael Pope, CEO, and Philip La Puma, CFO, have 15 years of franchising experience and the Company will seek companies that desire to franchise their operations.
The first of these proposed mortgage company acquisitions was announced on July 5, 2005, with the signing of a letter of intent to acquire 51% of the shares of Nationwide Security Mortgage, Orange, California. See 8K filed July 20, 2005. The Company is awaiting the completion of its due diligence and the latest audit for Nationwide Security Mortgage. Time's management continues to search for mortgage companies that will make good growth candidates for acquisition in other areas of the country.
For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company's Form 10-KSB and 10-QSB filings with the Securities and Exchange Commission.
To hear more about TIML from CEO Michael Pope Sr. go to: http://www.publiccoreport.net/featured/TIML/company.asp and www.stockmarketnewsalert.com .
This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be forward looking within the meaning of the safe harbor provisions of the U.S. federal securities laws. These include, among others things, statements about expectations of future revenues, cash flows and capital requirements. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to further develop its business, the company's ability to develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the company's products and services, competitive factors, new products and technological changes, and other such risks as the company may identify and discuss from time to time, including those risks disclosed in the company's amended registration statement on Form SB-2 filed with the Securities and Exchange Commission. Accordingly, there is no certainty that the company's plans will be achieved.
About Fidelity National Information Services
Fidelity National Information Services, Inc. is a leading provider of core financial institution processing, card issuer and transaction processing services, mortgage loan processing and related information products and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top ten. Nearly 50 percent of all U.S. residential mortgages are processed using FIS software. Headquartered in Jacksonville, Florida, FIS maintains a strong global presence, serving over 7,800 financial institutions and over 100,000 retailers in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com .
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