CapTech Financial Signs Letter of Intent to Acquire National Security Title
|April 13, 2005|
LIGHTHOUSE POINT, Fla., /PRNewswire-FirstCall/ -- CapTech Financial, Inc. (OTC Bulletin Board: CTFG) has signed a Letter of Intent to acquire National Security Title, a Florida-based title insurance agency with offices in Tampa and Lighthouse Point, Florida.
National Security Title will operate as a wholly owned subsidiary of CapTech Financial with plans to open seven more branch offices throughout the state of Florida, as well as further plans to open offices in every state nationwide over the next several years.
National Security Title has been actively in discussions for the past three months with several acquisition prospects located in Florida as well as several other key real estate markets nationwide. It is the mutual goal of both management teams to become the largest title agency in the country over the next three to five years.
"We are looking forward to working with the team at National Security Title and the challenge of building a nationwide title insurance agency," said Ed Houston, Chairman and CEO of CapTech.
National Security Title Agencies, Inc. is a holding company of wholly owned licensed title agencies that do business throughout the nation as National Security Title. National Security Title, through its licensed staff, provides its customers smooth and efficient title services in a manner that educates them while answering difficult questions involved with advanced transactions.
Source: CapTech Financial, Inc.