Surety Capital Corporation (SRYP) 0.0070 $SRYP
Surety Capital Corp. Announces First Quarter 2014 Earnings
Marketwire - Tue Apr 29, 2:13PM CDT
Surety Capital Corp. (OTC Pink: SRYP) (PINKSHEETS: SRYP) announces its first quarter ended March 31, 2014 unaudited financial results. Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $16,366, a 15% decrease over the same quarter ended March 31, 2013. This decrease was primarily attributable to a decrease in gross volume." Mendoza further stated, "This is the thirteenth quarter in a row that Surety has had a net income from its ordinary business operations. The Company is continuing its efforts to grow its customer base within the Hispanic funeral home receivable financing segment and its net income is impacted not only by competitive lending sources, but by factors that impact the demand for funeral home receivable financing in general and its cost of capital." Mendoza finally stated, "Our decision last year to conserve cash and direct earning back into the Company by not continuing to incur the cost to have the Company pay fees to be quoted on the OTC Market and publish the required reports has significantly contributed to maintaining a positive trend in net income, however it has resulted in marginal to no trading in our shares. The last reported trade of $.007 per share would indicate our market capitalization is less than two times our annual earnings for the past twelve months. While there are many factors that influence the volume and value of our share trading, we believe that with our growth and consecutive quarters of positive earnings our Company should reflect a higher overall market value."
Surety Capital Corp. Announces 2013 Third Quarter Earnings and Stock Split
Marketwire - Tue Nov 19, 7:48AM CST
Surety Capital Corp. (OTC Pink: SRYP) announces its third quarter ended September 30, 2013 financial results. Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $6,430 a 41% decrease over the same quarter ended September 30, 2012. Surety's gross volume for the nine months is slightly ahead of 2012." Mendoza further stated, "The reason for the decrease in net income is due to hiring salesmen who have yet to reach their potential. We are also pursuing the cemetery and non-Hispanic funeral homes. This is our investment in growing the company and we should realize results within six months. This is the eleventh quarter in a row that Surety has had a net income from its ordinary business operations."
Surety Capital Corp. Announces 2013 First Quarter Earnings
PR Newswire - Wed May 08, 1:38PM CDT
Surety Capital Corp. (SRYP.PK) announces its first quarter ended March 31, 2013 financial results. Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $12,005 ($0.001 per share) a 19.6% increase over the same quarter ended March 31, 2012. This is the ninth quarter in a row that Surety has had a net income from its ordinary business operations and had an increase in its quarterly net income. Our acquisition of Herrera Financial Company has proven to be very successful."
Surety Capital Corp. Announces First Quarter 2014 Earnings
Marketwire - Tue Apr 29, 2:13PM CDT
Surety Capital Corp. (OTC Pink: SRYP) (PINKSHEETS: SRYP) announces its first quarter ended March 31, 2014 unaudited financial results. Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $16,366, a 15% decrease over the same quarter ended March 31, 2013. This decrease was primarily attributable to a decrease in gross volume." Mendoza further stated, "This is the thirteenth quarter in a row that Surety has had a net income from its ordinary business operations. The Company is continuing its efforts to grow its customer base within the Hispanic funeral home receivable financing segment and its net income is impacted not only by competitive lending sources, but by factors that impact the demand for funeral home receivable financing in general and its cost of capital." Mendoza finally stated, "Our decision last year to conserve cash and direct earning back into the Company by not continuing to incur the cost to have the Company pay fees to be quoted on the OTC Market and publish the required reports has significantly contributed to maintaining a positive trend in net income, however it has resulted in marginal to no trading in our shares. The last reported trade of $.007 per share would indicate our market capitalization is less than two times our annual earnings for the past twelve months. While there are many factors that influence the volume and value of our share trading, we believe that with our growth and consecutive quarters of positive earnings our Company should reflect a higher overall market value."
Surety Capital Corp. Announces 2013 Third Quarter Earnings and Stock Split
Marketwire - Tue Nov 19, 7:48AM CST
Surety Capital Corp. (OTC Pink: SRYP) announces its third quarter ended September 30, 2013 financial results. Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $6,430 a 41% decrease over the same quarter ended September 30, 2012. Surety's gross volume for the nine months is slightly ahead of 2012." Mendoza further stated, "The reason for the decrease in net income is due to hiring salesmen who have yet to reach their potential. We are also pursuing the cemetery and non-Hispanic funeral homes. This is our investment in growing the company and we should realize results within six months. This is the eleventh quarter in a row that Surety has had a net income from its ordinary business operations."
Surety Capital Corp. Announces 2013 First Quarter Earnings
PR Newswire - Wed May 08, 1:38PM CDT
Surety Capital Corp. (SRYP.PK) announces its first quarter ended March 31, 2013 financial results. Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $12,005 ($0.001 per share) a 19.6% increase over the same quarter ended March 31, 2012. This is the ninth quarter in a row that Surety has had a net income from its ordinary business operations and had an increase in its quarterly net income. Our acquisition of Herrera Financial Company has proven to be very successful."
