Expert Group, Inc. (PINKSHEETS: EXPU) a FHA certified financial lending institution specializing in home and commercial real estate loans, would like to update investors regarding Expert's 2009 third quarter earnings. Expert Group stated in a November 5, 2009 press release that in Q3 the company achieved revenues of $305,502.56 and net profit of $187,192.17. These numbers reported were from June 1, 2009 until September 30, 2009 instead of July 1, 2009 until September 30, 2009.
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CEO Robert Rico stated: "In essence what happened is that we included an extra month in our Q3 earnings report. The good news is that there is no missing or incorrect income or revenues, it was simply spread out mistakenly between Q2 and Q3 reports." To further clarify, between January 1, 2009 and September 30, 2009 Expert Group had revenues of $418,626.52 and net income of $216,526.34. Mr. Rico concluded: "I want to invite investors to a follow-up conference call this evening to discuss this matter. Accuracy and transparency are of outmost importance to me and I am moving forward aggressively to take Expert to the next level by up listing to the OTCBB where we will provide audited financials at regular intervals." The conference call will take place at 6PM EST. The call-in information is: 218-339-3600 Participant # 767741
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