LAS VEGAS, July 8, 2009 (GLOBE NEWSWIRE) -- Ideal Financial Solutions, Inc. (Pink Sheets:IFSL) has reported second quarter 2009 recurring "club" revenues, doubling the previous quarter's returns for a total in excess of $3,000,000. "Club" revenues refers to one of Ideal's primary revenue streams deriving from the subscription-fee model for "members" of the company's proprietary debt-to-wealth system which allows an individual to reduce non-asset producing debt and divert money to wealth-generating vehicles. Ideal's "club" requires registration and subscription to its financial solution systems, creating both up-front and recurring revenue.
Earlier this year, Ideal Financial reported then-record first quarter club revenue in excess of $1,500,000. Today's second quarter revenue more than doubles the previous figure and sets another company revenue record.
"We could not be happier with the explosive growth in our recurring club membership," said Kent Brown, CFO of Ideal Financial Solutions. "This is an affirming moment for Ideal Financial as our financial goals have begun to be realized in the form of very significant revenue and dramatic growth. Based on the result of our second quarter numbers alone, we can now project over $12,000,000 in recurring revenue per year. And that projection does not account for any potential forward growth such as what we've enjoyed thus far."
About Ideal Financial Solutions
Based in Las Vegas, Ideal Financial Solutions (www.idealfsi.com) provides the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset-building debt and build financial independence. As a leader in personal cash-flow management systems, Ideal uses its automated CashFlow Management tools (www.myifs.com) and its Credit to Wealth Systems (www.credittowealth.com) to assist individuals, families and small businesses in building financial independence. For investors who would like to receive Ideal's newsletter, please send your email address to: support@idealfsi.com.
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