NEWPORT BEACH, Calif., March 15, 2010 (GLOBE NEWSWIRE) -- TEAM Nation Holdings Corporation ("TEAM") (OTCBB:TEMN) is pleased to announce the establishment of TEAM Title, Inc., a Delaware corporation. TEAM Title, Inc., will operate as a wholly owned subsidiary of TEAM and will obtain licenses to conduct direct title insurance and settlement services in up to 35 states in 2010. It is anticipated that TEAM Title, Inc., will obtain its first agency license, in the state of Pennsylvania, by April 30, 2010.
Janis Okerlund, President of TEAM, stated, "The formation of TEAM Title, Inc., is the first in many important steps taken this year to establish direct, revenue generating operations in the national marketplace. From this springboard, we expect to grow and expand licensure aggressively and participate in previously unavailable revenue opportunities. "
About TEAM Nation Holdings Corporation
TEAM Nation Holdings Corporation, a Nevada corporation ("TEAM-NV"), is a management and services company specializing in title insurance and escrow services through our affiliate title agency(ies), and the provision of management, production services, HR administration, IT support, and accounting administration for title insurance companies and related real estate ventures. TEAM Nation Holdings, a Nevada Corporation ("TEAM-NV"), is a holding Corporation for TEAM Title, a national title agency, and engages in direct settlement and ancillary operations through its Lender Solutions and Resource Solutions Divisions.
This news release contains forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks described in the company's filings with the SEC.