Q1 2009 Founders Capital Update

admin — Fri, 09 Jan 2009 01:39:56 +0000

ALPINE | 01 JAN 2009 | This past year was a very unique and challenging one for Founders Capital, LLC and many real estate related companies associated with FranklinSquires. When regulatory malfeasance starting in early 2007 Founders began adjusting strategies in an effort to compensate for lost business, increase expense, and lost productivity. As the national financial difficulties first started to affect Founders and Founders related assets in midyear of 2007 (due largely to the sub prime credit crunch) like many much larger financial institutions Founders anticipated that 2008 would be a difficult year but believed improvement and opportunity was on the horizon for late 2008. Like many, very prominent financial firms such as AIG and Washington Mutual, Founders underestimated the length of time, the depth to which the wider crises would affect the Founders core business, and the lasting effects of the related real estate problems would have throughout the coming years. Though Founders quickly worked to change strategies, protect assets and work to try and compensate for the affects of the faltering economy – the difficulty has continued.

At the beginning of 2009, Founders is still in business and is still working to protect assets and to realize a return to our investors. While many of our anticipated plans for 2008 did not come to fruition, the current plan is to keep working to accomplish many of these same goals.

Individual members/stockholders of the company who would like to receive regular updates and invites to monthly company members meetings can now subscribe to the Founders Capital “Members” email list. By submitting your name and basic contact information (including email address) you will begin receiving these regular updates and more detailed information related to the company and its activities.

At the beginning of this new year Founders wants to express sincere appreciation for the patience and effort put in by so many members, creditors, and employees over the past year. Our goal is to make 2009 a productive year despite the current market challenges and extreme difficulties.

Official FranklinSquires Website, by Rick Koerber » Founders Capital

Q1 2009 Founders Capital Update