FIRSTPLUS FINANCIAL GROUP, INC. PROVIDES INSIGHT INTO THE COMPANY'S FUTURE OPERATIONS
June 18, 2007
IRVING, Texas, /PRNewswire/ -- The Board of Directors of FIRSTPLUS Financial Group, Inc. (the "Company") (Symbol: FPFX.PK) is issuing this press release to provide a brief overview of management's current intentions with respect to the Company's strategic alternatives and communications with stockholders. This press release is intended to address stockholder inquiries of the Company's management.
To date, the Board of Directors has been primarily engaged in assessing the Company's existing structure and operations and in evaluating potential strategic alternatives. The Board has identified a number of attractive acquisition opportunities and has authorized management to determine which transactions can be effected on terms favorable to the Company, creating stockholder value. The Board feels that it will be able to create more value for its shareholders by
The Board of Directors intends to convene a stockholder meeting in late September or October to elect Directors and to consider any other maters appropriate for stockholder action. The Board intends to use the meeting to inform stockholders and to address stockholder questions and concerns. In the interim, to facilitate the flow of information to stockholders, the Company will reorganize and upgrade its website to include more information and to provide access to Securities and Exchange Commission filings and other Company news.
Finally, the Board of Directors has instructed management to employ best practices in fulfilling the Company's financial reporting obligations and to consider whether the Company's common stock can be qualified for listing on other securities markets.
FORWARD-LOOKING STATEMENTS This report contains forward-looking statements within the meaning of the "safe harbor" provisions under Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. The Company uses forward-looking statements in its description of its plans and objectives for future operations and assumptions underlying these plans and objectives, as well as in its expectations, assumptions, estimates and projections about the Company's business and industry. These forward-looking statements involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors as more fully described in this report.
Forward-looking terminology includes the words "may", "expects", "believes", "anticipates", "intends", "projects" or similar terms, variations of such terms or the negative of such terms. These forward-looking statements are based upon the Company's current expectations and are subject to factors and uncertainties which could cause actual results to differ materially from those described in such forward-looking statements. The Company expressly disclaims any obligation
