ATLANTA, July 19, 2005 (PRIMEZONE) -- Equus Resources, Inc. (Pink Sheets:EQUR) ("Equus") announced today it is acquiring American Career Training Institute, Inc., a Georgia corporation ("ACTI"). Based in Atlanta, ACTI has provided financial services and real estate career training, education and instruction for over 10 years.
ACTI has trained and educated thousands of individuals in real estate and financial services, including residential and commercial mortgage, real estate appraisal, insurance underwriting, real estate brokerage, and home inspection. ACTI's 8,000 square foot training facility is conveniently located on the north side of Atlanta's widely used beltway, Interstate 285.
The President of ACTI is Dr. Eric Martin, who will remain as its head and will also become an officer of Equus. Dr. Martin's PhD is in Educational Administration and Psychology from California Coast University and his Master's Degree is from Indiana University in the same disciplines. Dr. Martin is a nationally known speaker and instructor in all facets of real estate and financial services. He is a Certified Commercial Appraiser, a Certified and HUD-approved Residential Real Estate Appraiser, a Certified Real Estate Broker, and a Licensed Auctioneer, Insurance Agent, and Securities Representative.
In making this announcement, Randy Harris, President of Equus, commented: "This acquisition puts in place another critical piece of our growth strategy. In addition to generating immediate revenue from the ongoing classroom operations, our ability to access the talent we need to grow from our own training facility will be invaluable as we move forward. It continues our focus on people and continuing education and training as keys to building a more effective organization."
About Equus Resources
Equus Resources is a multi-faceted financial services company that offers consumer and commercial clients a broad range of mortgage and insurance products, mainly in the southeastern states. Equus plans to expand its business through internal growth and acquisition and to add new financial products and services as demand warrants. Equus is headquartered in Roswell, Georgia, a suburb of Atlanta. For more information, please visit us at www.equusresources.com and www.teamonemortgage.com or e-mail us at investorinfo@equusresources.com and we will be happy to add you to our electronic mailing list.
Forward-Looking Statements:
Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Securities Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the Company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgment of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties, including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, the receipt of revenues, and other factors, many of which are beyond the control of the Company. The Company disclaims any obligation to update information contained in any forward-looking statement.