Hampden Group, Inc. Announces Profitable Guidance for 2005
MESA, Ariz., Dec. 9, 2004 -- Hampden Group, Inc. today is offering guidance for 2005 and a full corporate update. The Company expects to earn .15 per share in 2005 with 30% annual growth. Hampden Group has less than 6 million shares outstanding. The Company will submit the Form-10 filing in the first quarter of 2005 to become a fully reporting company.
Hampden Group has three primary divisions which are high interest returns: 1. CashCar.com, which offers vehicle title loans with a substantially lower interest rate than the competition. Vehicle title loans are becoming an epidemic in the finance industry. Competing title loan companies charge as much as 200% per year. CashCar.com charges half the legal rate with no pre-payment penalties. CashCar.com has an innovative concept to market the companies "title refinance program" for clients that have a current title loan with much higher interest rates. 2. PrePaidMotors.com, which offers no credit check auto loan financing. PrePaidMotors.com has the goal to be first to market with this new program that has been successful for the furniture and electronics industries. PrePaidMotors.com focuses on customers with less than desirable credit. PrePaidMotors.com will finance cars, trucks or SUVs without doing a credit check. This program is unique because PrePaidMotors.com uses the infrastructure of already existing auto dealerships and focuses on sales and finance. Dealers that sign up for this program have an advantage to offer additional vehicle inventory to customers. The biggest advantage of this program for dealerships is that it allows them to finance almost anyone. About 20% of processed finance applications are declined. For that reason, a new program is needed to fill this market niche. 3. Payday loan program geared towards individuals with paychecks ranging from $500 to $5,000 per pay period. The Company charges $15 per $100. This advance is paid back in less than two weeks, which is a 30% return per month on money loaned. Payday loans are becoming a popular way for customers to get cash. Hampden Group has the top technology for this sector to prevent fraud and increase growth. Customers can apply for a payday loan today and receive their money the next business day.
Michael Raburn, CEO of Hampden Group, Inc. states, "We have been working to acquire the best technology available to make the growth of this company innovative and smart. We are looking forward to a terrific 2005 with substantial growth."
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.
We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
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