LAS VEGAS, July 29, 2003 (PRIMEZONE) -- OneCap (OTCBB:ONCP), a Nevada-based real estate and financial services company, announced today the company has funded approximately $75 million from qualified private investors for trust deed loans since beginning its Private Client division. Pay rates to investors have ranged from 11 percent to 20 percent per annum.
"We are very pleased to say that we have outpaced our projections in trust deed investments since inception, and this current year. We are continuing to build our investor base and have seen a 93% increase in monthly investment dollars during the first six months of 2003 compared to our average last year," said company President and CEO Vince Hesser.
OneCap's short-term trust deed investments lend money to builders and developers for the acquisition, development and construction of residential and commercial real estate. Investors will receive monthly interest payments with above average investment returns, depending on the type of investment.
Trust deed investments are for approximately one to two years and investments starting at $25,000 will be accepted. Investor inquiries regarding this type of investment can be made by calling OneCap's Private Client Services division at (702) 948-8808 or by visiting www.onecap.com.
OneCap is a comprehensive real estate services company specializing in both residential and commercial transactions. The company has created a one-stop, full-service real estate business that can coordinate and handle all types of transactions from start to finish. OneCap assists clients in home sales, home purchases, home mortgages, commercial property acquisitions and dispositions, commercial financing, commercial leasing and other related services. The company's management team brings many years of experience in real estate to their clients.
This press release contains certain forward-looking statements within the meaning of section of 21e of the Securities Exchange Act of 1934, as amended, and other applicable securities laws. All statements other than statements of historical fact are "forward-looking statements." Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements. Although the company believes that the expectations reflected in any of its forward-looking statements will prove to be correct, actual results could differ materially from those projected or assumed in the Company's forward-looking statements. These risks and uncertainties include, but are not limited to, factors described from time to time in the company's reports filed with the Securities and Exchange Commission. These reports may be obtained free of charge at the web site of the Securities and Exchange Commission at http://www.sec.gov.
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