Entaire Global Announces Record Results in 2009
FOR IMMEDIATE RELEASE
Press Contacts:
Eric Stein, Entaire Global Companies; (678) 218-1220; This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
David Rubinger, Rubinger Communications; (404-255-8785); This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
April 16, 2010 – Duluth, GA: Entaire Global Companies, Inc. today announced record financial results for the fiscal year ended December 31, 2009 including record revenues, gross margin, and net income.
Highlights of the 2009 financials include:
• 2009 Return on Common Equity: 90.6%
• 1 Year Loan Retention Rate: 98.6%
Reported 3 year compound annual growth rates on:
• Recurring Revenue: 17.9%
• Net Revenue: 36.9%
• Assets Under Management: 21.3%
These positive results reflect the continuation of a positive trend for Entaire which has seen more than 7 years of continual expansion into the financial services market. The year also saw Entaire’s expanded market deployment into a broader financial services holding company with the launch of the Global Financial Distributors and Allied Marketing Partners business units.
“It was a great year for us in many ways – not the least of which was our record earnings results,” said Entaire CEO Jonathan D. Rosen. “Entaire launched several new subsidiaries and we have positioned the company for significant growth in the next several years. Helped by strong results in the Global One business line, our model has enabled us to continue growth even during tight economic conditions. We expect that current economic trending will contribute to our results, and 2010 is shaping up well, so we are highly optimistic.”
Entaire Global Companies, Inc. a privately-held, diversified financial services holding company, is headquartered in metropolitan Atlanta, GA. Founded in 1997, Entaire is dedicated to providing innovative and unique financial strategies and solutions through its subsidiary companies to a diverse corporate client base. Entaire’s affiliations with world-class financial conduits, insurance and annuity carriers, enable it to offer innovative solutions for businesses, medical practices and individuals - with an advantage in tax efficiency, stability and selectivity over traditional financial vehicles.
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