CEDARHURST, N.Y., July 25, 2006 (PRIMEZONE) -- Consumers Financial Corporation (Pink Sheets:CFCJ) is pleased to announce that the company has signed an agreement with Knowledge Market, Inc., a Silicon Valley-based provider of technology commercialization products and services. This agreement will assist Consumers Financial Corporation to discover and potentially acquire new and emerging technologies.
Knowledge Market sources technologies from leading research institutions such as the National Aeronautics and Space Administration (NASA), Ames Research Center, Jet Propulsion Lab (JPL), National Institutes of Health (NIH), Berkeley National Lab, Los Alamos National Laboratory, Lawrence Livermore National Laboratory, Oak Ridge National Laboratory, Stanford University, University of California, Berkeley, UCLA, Harvard University, Massachusetts Institute of Technology, Oxford University, Cambridge University, Tokyo University, various corporate research labs and from individual inventors with exceptional backgrounds in their respective domains.
Knowledge Market's mission is to locate and evaluate uncommercialized intellectual property (IP) with a view towards meeting specific market needs. Consumers, companies, and nations are inundated with new technology at a rate faster than at any time in human history. With approximately 70 percent of these new technologies going unlicensed, Knowledge Market provides an effective new approach for commercializing these technologies. For more information on Knowledge Market please visit their website at www.knowledgemarket.com.
"We are very pleased to be working with Knowledge Market to move the company forward by acquiring novel technologies from top tier global research labs," stated Jack Ehrenhaus, President of Consumers Financial Corporation.
About Consumers Financial Corporation: Consumers Financial Corporation is a diversified merchant banking and services company, which is focused on identifying and assessing the value of a variety of strategically positioned up-and-coming companies that are engaged in markets where significant growth and profits can be obtained.
Consumers successfully completed its first acquisition of a majority stake in GS Woodmere Group, Inc. (GSW), a premier New York based medical billing and collection firm with annual medical billing in excess of $15,000,000 per annum. GSW has increased top line revenue growth at greater than 20% in each of the last 4 years.
Safe Harbor This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.