Network 1 Financial Group Inc (NTFL)

Description:

Network 1 Financial Group Inc, was formerly known as International Smart Sourcing, Inc. On June 9, 2009, International Smart Sourcing, Inc. completed the Reverse Merger with Network 1 Financial Securities, Inc., a Texas corporation NETW and the former shareholders of NETW. Upon the consummation of the reverse merger transaction, International Smart Sourcing, Inc. (ISSI) became the ultimate parent company of Network 1 Financial Securities, Inc., a Texas corporation (NETW). Upon completion of the reverse merger transaction, the Company changed its name to Network 1 Financial Group, Inc.. The Company is registered as a broker-dealer with the Securities and Exchange Commission (SEC), the State of Texas and various other states. The Company is an introducing broker-dealer that clears all transactions with and for customers on a fully disclosed basis with a clearing broker. The Company is a member of the Financial Industry Regulatory Authority (FINRA). The Companys customer base is made up mainly of individual investors. It generates income from transactional business, mutual fund sales, business consulting fees, finders fees, annuity sales; register representative investment advisor fees, fees for providing investment banking services, placement agent fees for capital raises, bond transactions, and underwriting fees and concessions. Its goal is to provide investment banking support for small and microcap companies who have had an extremely difficult time finding professional investment banking assistance in growing their business. It will provide such services as capital raising, bank financing, merger and acquisition assistance and traditional financial consulting. It competes with other broker-dealers by offering services to small and microcap public companies which it believes are significantly underserved by the investment community.