FORT LAUDERDALE, Fla., Nov. 16, 2000 (PRIMEZONE) -- Tidalwave Holdings Inc. (OTCBB:TDWV) Thursday announced that it has initiated an agreement to offer a Visa card with interest rates as low as 2.9%, on its corporate web site. Get secure approval at TidalwaveHoldings.com within 30 seconds.
Tidalwave recently announced its acquisition of First American Mortgage Securities, Inc. (FAMS). FAMS' gross revenues, for its most recent fiscal year ending April 30, 2000 was over $8 million. FAMS is a wholly owned subsidiary of Tidalwave Holdings.
FAMS, with corporate headquarters located in Clearwater, Fla., operates a Manufactured Housing Finance Conduit, purchasing loans from Banks, Credit Unions and Mortgage Companies in 38 states. The FAMS Conduit provides financing for all types of manufactured housing, including subprime construction loans, and loans on singlewide units.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this new release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.