CEDARHURST, N.Y., April 13, 2005 (PRIMEZONE) -- Consumers Financial Corporation (Pink Sheets:CFIN) today announced that it completed negotiations and closed a $2 million funding by Cross Capital Fund, LLC, whose principal place of business is 734 Franklin Ave, Garden City, N.Y. 11530 ("Cross Capital").
Jack I. Ehrenhaus, Chairman of the Board stated that, "We are pleased at the confidence shown by Cross Capital in making this funding commitment. The commitment represents a steady flow of capital into CFIN. These funds secure our capital commitments to the acquisitions we have or will make in the near term."
Cross Capital is a small boutique investment company specializing in microcap companies.
Jack Ehrenhaus further stated, "This investment helps CFIN achieve its revenue goals by facilitating acquisitions and satisfaction of the current commitments."
Consumers Financial Corporation is a diversified merchant banking and financial services company dedicated to finding and assessing the value of microcap companies strategically located in markets where significant growth and profits can be obtained. CFIN targets companies where management is exceptional, products are proprietary, techniques, software or technology provide some measure of exclusivity, where profit margins are above average and where these companies can benefit from CFIN's financial assistance either through equity or credit facilities. The Company trades under the symbol CFIN and can be found on the Over the Counter Pink Sheets
This press release includes or may include certain statements, estimates and forward looking projections of the company with respect to the anticipated future performance of the Company. Such statements, estimates and forward looking projections reflect various assumptions of the management of the Company that may or may not prove to be correct and involve various risks and uncertainties including, but not limited to, the risk factors contained herein.