LAS VEGAS, Nov. 9, 2004 (PRIMEZONE) -- Vestin Group Inc. (Nasdaq:VSTN) today announced the appointment of Rick Saffarese, (33), to its board of directors.
A resident of Las Vegas for more than 30 years, Mr. Saffarese is a CPA and graduate of University of Nevada Las Vegas. He is a lead accountant for the United States Department of the Interior where his responsibilities include the review and audit of various state, local and municipality governments for compliance with federal laws and regulations as well as preparation of financial statements for Executive and Congressional review. Additionally, Mr. Saffarese sits on various audit committees involving the public utility industries.
Michael Shustek, chairman and chief executive officer of Vestin, said, "We are very pleased to have Rick Saffarese join the Vestin Board of Directors. His experience in both the government and private sector arenas will provide an added dimension to the board."
About Vestin Group
Vestin Group, Inc., through its subsidiaries, is engaged in asset management, real estate lending, and other financial services. Its subsidiary, Vestin Mortgage, has facilitated more than $1.5 billion in lending transactions since 1995. Through Vestin Mortgage, Vestin Group manages three funds, Vestin Fund I, LLC, $100 million mortgage fund, Vestin Fund II, LLC, a $500 million mortgage fund and Vestin Fund III, LLC a $100 million mortgage and real estate fund.
Certain statements contained herein are forward-looking statements that have been made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results in the future periods or plans for future periods to differ materially from those described herein as anticipated, believed, or estimated.