Palomar Enterprises, Inc. Corporate Update and Quarterly Review
23 Agosto 2004 - 3:46PM
PR Newswire (US)
Palomar Enterprises, Inc. Corporate Update and Quarterly Review
CARSON CITY, Nev., Aug. 23 /PRNewswire-FirstCall/ -- Palomar
Enterprises, Inc., (OTC:PALL) (BULLETIN BOARD: PALL) has released
the second quarter financial report. The company has had a record
quarter in many statistical categories. The company reported
revenues from all three operating divisions: real estate sales
& home loans, property acquisition and development and Prize
Pizza: Tempe, AZ. The company is still operating at a loss, but
expects the next twelve to twenty-four months to see continued
improvement in terms of increased revenues, expanded operations and
continued acquisition of assets. During the second quarter of 2004,
the company reported: a. its real estate and home loan revenue
continue to increase b. its property acquisition group successfully
bought and sold a property and secured an office complex c. its
Prize Pizza: Tempe, AZ. facility opened and began to produce
revenue d. the beginning of a new revenue stream via the purchase
of secured auto contracts that increase the asset base and add an
additional revenue stream. Palomar Enterprises, Inc., continues to
execute their business plan and is positioning itself for continued
growth and expansion. For more information: go to:
http://www.palomarenterprises.com/ From time to time, the Company
may issue news releases that contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and is subject
to the safe harbor created by those sections. This material may
contain statements about expected future events and/or financial
results that are forward-looking in nature and subject to risks and
uncertainties. For those statements, the Company claims the
protection of the safe harbor for forward-looking statement
provisions contained in the Private Securities Litigation Reform
Act of 1995 and any amendments thereto. Any statements that express
or involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, goals, assumptions, or
future events or performance are not statements of historical fact
and may be "forward-looking statements." "Forward-looking
statements" are based upon expectations, estimates and projections
at the time the statements are made that involve a number of risks
and uncertainties that could cause actual results or events to
differ materially from those anticipated. DATASOURCE: Palomar
Enterprises, Inc. CONTACT: Palomar Enterprises, Inc.,
+1-775-887-0670, Web site: http://www.palomarenterprises.com/
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