Angel Acquisition Corp. (agel.ob)
Financial Services
- Building on Recent Success: To date, Palomar Enterprises has been highly successful in implementing its innovative vertically integrated business model. For example, in January of 2007, Palomar announced that the Company expects to generate revenues at or above $7.5 Million and gross profits of $1.5 Million for 2007. This revenue estimate represents a growth rate of 1400% from 2006 revenue levels, and the company is confident that continued realization of stated goals will support this growth trend.
- Funding Future Growth: In addition to Palomar's real estate services division, the Company has recently announced further success achieved through another wholly owned subsidiary, the BlackHawk Fund (OTCBB: BHWF). In January of 2007, BlackHawk (www.blackhawkfund.com) announced that the Company expects to report revenues of at least $2.2 Million and gross profit of at least $560,000 for the first and second quarter of 2007, and anticipates revenues in the range of $10 Million for the year.
- The Palomar Group: Palomar Enterprises' real estate services division, operating as The Palomar Group, is headquartered in the office owned by the Company in Carlsbad, California. This prime location is essential for the company's focus on sales in the lucrative San Diego market, one of the ten most expensive real estate markets in the country (Source: Money Magazine). This is one of the ten priciest real estate markets in the entire country, with the average price of a single-family home at $696,855 as of January 2007 (Source: San Diego Real Estate Report). The Company has created a competitive commission structure, with commissions ranging from 1.9% - 6% in order to be able to offer a discounted commission to clients and enhance their ability to remain competitive in this market. For details of the staff and listings, visit: www.thepalomargroup.com.
- Lending: Another service that Palomar offers is made possible through its established relationships with banks and lending institutions in order to provide the financing for home loan originations. Palomar Enterprises has completed the application process, including an examination of its financial statements as well as background checks on its officers, in order to be able to offer loans from such institutions as Countrywide Home Loans, World Savings Bank, Flagstar Bank, Commonwealth, Provident Funding, and Downey Savings. For every loan originated by Palomar, the company receives a commission that can range from 1% to 3% of the loan value, adding an additional revenue stream for the Company and enhancing its ability to fulfill its clients' needs.
- Restoration and Resale: Due to their extensive experience and time in the field, the Company's agents are uniquely qualified to be able to identify properties that are undervalued or in a condition that is conducive to rapid restoration/renovation and resale. Through the acquisition of foreclosure properties, the Company is capable of realizing profits upwards of 30% - 40%. Also, Palomar's vertically integrated business model provides the ability to capture commissions on the purchase and sale, in addition to the potential profits that can be realized from the re-sale.
Company Contact Information
1802 North Carson Street
Suite 212-275
Carson City, NV, 89701
USA
- Phone:(775) 887-0670
- Fax:(775) 887-0670
- E-mail:contact1@palomarenterprises.com
On-line contact form
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