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SUNRISE, Fla., Sept. 12, 2018 (GLOBE NEWSWIRE) -- Beta Music Group Inc. (OTC PINK: BEMG) through its operating subsidiary Get Credit Healthy, Inc. (“GCH”) today announced it is expanding with The Federal Savings Bank (“TFSB”), one of the largest privately held and most successful veteran-owned banks in America to create new loan opportunities.
TFSB policy is to not turn borrowers away but utilize different tools & resources to help them qualify for a home and build wealth. TFSB understands that credit is an important factor in the mortgage evaluation process. TFSB also understands that today’s fiercely competitive mortgage market challenges staff like never before. Heightened pressure to create new loan opportunities, reduce lead fallout, provide better pipeline visibility, mitigate compliance risk, and enhance customer loyalty places a significant burden on loan officers. Thriving under these intense market conditions requires a revolutionary new solution that transforms a credit challenged consumers into a well-qualified, well-informed applicant pool. TFSB has an end to end proven method to maximize business opportunity.
Elizabeth Karwowski, CEO of BEMG, stated “We’re excited to be part of TFSB’s growth plans by working directly with TFSB’s clients to achieve the American Dream of home ownership. The work we do is very rewarding. We appreciate the support and confidence TFSB continues to show Get Credit Healthy. We believe TFSB’s growth plans will generate significant additional Revenues for GCH.
About The Federal Savings Bank (“TFSB”)
The Federal Savings Bank, one of the largest privately held and most successful veteran-owned banks in America, is an industry leader providing tens of thousands of Americans a path to home ownership through residential home lending. As a federally chartered bank, its highly experienced bankers are experts in lending in all 50 states and have the ability to help those customers achieve the American Dream. Additionally, TFSB has 35 physical locations for its bankers to accept applications for loans and meet with clients to discuss their mortgage and banking needs. As reported by Bank Rate, regulatory filings show TFSB having equity of $73.4 million on assets of $363.7 million, as of December 31, 2017. The U.S. TFSB customers have $210.3 million on deposit at 2 offices in IL run by 897 full-time employees. With that footprint, the bank currently holds loans and leases worth $310.6 million, including real estate loans of $308.0 million. The complete analysis can be found at https://www.bankrate.com/banks/the-federal-savings-bank/2806877/. In recent years, the Bank’s exceptional work has earned accolades from Ellie Mae, The ABA Banking Journal and Bauer Financial. TFSB was named to Inc. 5000’s prestigious list of fastest-growing private companies in 2017. See https://www.inc.com/inc5000/list/2017. For more information, visit www.thefederalsavingsbank.com.
About Beta Music Group, Inc. (“BEMG”)
BEMG, through its operating subsidiary Get Credit Healthy (“GCH”), utilizes its proprietary processes, platform, and software to integrate with lenders to make it easier to recapture leads. Developed for and by those with extensive experience in the mortgage industry, GCH's platform has already facilitated over $200 million in new loan opportunities for its partners.
GCH has showed sustained growth over the past three years and shows no signs of slowing down. GCH is working to increase its network of partners and is looking forward to a very promising future. GCH operates in full compliance with The Credit Repair Organizations Act (CROA), a federal law passed in September 1996 that regulates organizations whose purpose is increasing consumer’s credit score through credit repair. This law is moderated and enforced by the Federal Trade Commission (FTC), so the FTC has the authority to close down any credit repair organizations that are operating outside the parameters of these laws (like fraudulent or illegal activities). Some states have state laws regulating credit repair organizations in addition to the federal laws for which GCH complies. Please visit the company websites at www.getcredithealthy.com and www.betamusicgroup.net; twitter at www.twitter.com/bemg12 and financial information at www.otcmarkets.com/stock/BEMG/profile.
Safe Harbor Statement
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
For information, please contact:
Elizabeth Karwowski, CEO
Beta Music Group, Inc. t/b/k as MBO Holdings Corp.
Get Credit Healthy, Inc.
8411 West Oakland Park Blvd.
Sunrise, FL 33351
(877)850-3444 Ex 7
Source: Beta Music Group, Inc. t/b/k as MBO Holdings Corp.