NEWPORT BEACH, Calif., March 30, 2010 (GLOBE NEWSWIRE) -- TEAM Nation Holdings Corporation ("TEAM") (OTCBB:TEMN) is pleased to announce that on March 25, 2010, TEAM's President, Janis Okerlund, Esq., received a Resident Title Agent license allowing her to perform title insurance transactions in the Commonwealth of Pennsylvania, a prerequisite to the licensure of TEAM's direct title agency operation, TEAM Title, Inc. Ms. Okerlund will serve as TEAM Title's registered licensee upon approval of the agency's application, which will be submitted to the Pennsylvania Department of Insurance this week. TEAM Title will transact business in Pennsylvania as TEAM Settlement Solutions upon its licensure.
Dennis Duffy, CEO of TEAM stated, "Ms. Okerlund's individual license is a key to our long term growth strategy for TEAM Title and is a critical step in the license process. We are pleased and confident that the agency license will be quickly approved and we can move to direct operations in the state of Pennsylvania."
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.