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Consumer Direct of America Selects Allen & Caron for Corporate Communications,
Investor & Media Relations
LAS VEGAS, March 8 /PRNewswire/ -- Consumer Direct of America (BULLETIN BOARD:
CSUA) , a leading consolidator of the growing mortgage brokerage business, today
announced that it has retained the services of Allen & Caron Inc, an investor
and media relations firm with offices in New York City, Irvine (CA) and London,
as its corporate communications, investor and media relations agency. Working
with Allen & Caron, the Company intends to commence a new investor and media
relations program in the first quarter of 2004, targeting an expansion of its
institutional shareholder base, increased shareholder communications and
established presence inthe business and financial media.
Michael A. Barron, Chairman, President and CEO of Consumer Direct of America,
said, "We have selected Allen & Caron to help us communicate to the investment
community our aggressive acquisition plans and compelling growth prospects. I
have a long standing relationship with Allen & Caron having worked with them in
the past while at other firms and am confident in their abilities. Allen &
Caron has extensive relationships with a large and diverse audience of fund
managers, institutional investors and media outlets and has a broad knowledge of
the financial markets."
Allen & Caron CEO Joe Allen commented, "Consumer Direct has made significant
operational and financial progress over the last year as it has investedin its
infrastructure and expanded through acquisitions. On its way to establishing a
strong presence in mortgage brokerage and ancillary services, Consumer Direct,
we think, has been broadly overlooked despite its attractive prospects."
About Allen & Caron Inc
Allen & Caron is a full-service corporate, investor and marketing communications
agency serving the needs of public companies. The Allen & Caron national client
base includes emerging growth companies in a range of industry segments. The
company maintains offices in Irvine, California, New York City and London,
England. For more information, please visit: http://www.allencaron.com/ .
About Consumer Direct of America
Consumer Direct of America (OTC:CSUA) (BULLETIN BOARD: CSUA) is a leading
consolidator of the growing mortgage brokerage business. The company currently
employs over 300 people, 150 of which are residential mortgage real estate
brokerage professionals who have closed loan volume of over $815 million and $50
million inreal estate sales for the year ended December 31, 2003. Consumer
Direct operates a total of 54,000 sq. ft. of telesales and branch office space.
Emerging as a national leader in mortgage banking/ brokerage and ancillary
services, the company plans tohave 10 regional hubs across the United States by
the end of 2004. The company's core competence in direct-to-consumer marketing
technologies and methods results in efficiency rates that are up to 150 percent
higher than industry averages. Consumer Direct also leverages its direct
marketing expertise to provide third-party direct marketing services to clients.
For more information, please visit the company's website at
http://www.cdofamerica.com/ .
Statements in this press release other than statements of historical fact,
including statements regarding the company's plans, beliefs, and estimates as to
projected market size are "forward-looking statements." Such statements are
subject to certain risks and uncertainties, including factors listed from time
to time in the company's SEC filings, and actual results could differ materially
from expected results. These forward-looking statements represent the company's
judgment as of the date of this release. The company disclaims, however, any
intent of obligation to update these forward-looking statements.
For further information please contact: Jill Bertotti (investors), , or Len Hall
(media), , both of Allen & Caron Inc, +1-949-474-4300
DATASOURCE: Allen & Caron Inc
CONTACT: Jill Bertotti (investors), , or Len Hall
(media), , both of Allen & Caron Inc, +1-949-474-4300
Web site: http://www.cdofamerica.com/
Web site: http://www.allencaron.com/