Annual Report — Form 10-K Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: 10-K Annual Report Filed for the Period Ended December HTML 922K
31, 2008
2: EX-21 List of Subsidiaries HTML 9K
3: EX-31 Certification Pursuant to Section 302 of the HTML 15K
Sarbanes-Oxley Act
4: EX-32 Certification Pursuant to Section 906 of the HTML 9K
Sarbanes-Oxley Act
5: EX-99.1 Rubicon Code of Ethics HTML 28K
6: EX-99.2 Rubicon Financial Announces Corporate Update HTML 19K
March26, 2009--Irvine, California – Rubicon Financial Incorporated (OTC:BB-“RBCF”), a
publicly traded financial services holding company offering multiple financial
services to mid market corporate clients, financial institutions and investors,
is pleased to announce a corporate update and the establishment of commodity
services.
“As
we find ourselves at the close of the first quarter of fiscal 2009, we are very
pleased with the integration of our financial services subsidiaries,” stated
Joseph Mangiapane, Jr., CEO of Rubicon. “The marketing and management of our
insurance, real estate and mortgage, and broker/dealer subsidiaries have begun
to demonstrate positive results, despite the challenging economic times and
current market volatility. We designed a platform to consolidate and manage our
cash flows in order to ensure we are able to garner greater success as the U.S.
capital markets stabilize and improve.”
Rubicon
also announced a further diversification in its operations, through the
execution of a letter of intent to acquire a commodity trading and services
company.
Below
is an outline of Rubicon’s current service offerings:
Commodity
Services
Rubicon
has signed a non-binding letter of intent to acquire 100% of 1000 BARS,
Inc., a private corporation focused on the preservation of the long-term value
of assets through buying and selling strategies of physical precious
metals, specializing in 1000 oz bars of silver. 1000 BARS
has also developed commodity market strategies for the owners
of physical bars of silver. “There hasn’t been an opportunity or need
like this for a generation. As central banks are increasing money supplies as
part of their efforts to stimulate the world economy and monetize debt, precious
metals stand as the only stable store of value. The ownership of silver
bars and related investment strategies afford investors a mechanism, to assist
in the preservation of asset value. We look forward to working with Rubicon to
develop these strategies for the benefit of its valued clients,” stated Ben Kae,
CEO of 1000 BARS.
Brokerage
Services
On
June 2, 2008, Rubicon completed the acquisition of Grant Bettingen, Inc. (“GBI”)
a boutique securities broker-dealer, registered investment advisor and
investment banking firm. Subsequent to the acquisition, Rubicon has focused on
firm expansion as a result of the increased regulatory approval, which has
allowed GBI to increase its number of branches and to provide a full-service
environment to accommodate the diversified financial needs of its client base.
The increased services include the ability to act as an introducing broker, the
insertion of an in-house trading desk which provides for market making
capabilities, as well as access to all product lines. Further, Rubicon has
implemented a seasoned management team to ensure a high level of integrity and
strict compliance with all regulatory compliance. Since the consummation of the
acquisition, GBI has doubled the number of registered representatives available
to service our growing client base. As we travel through a volatile market,
GBI’s management team has focused on targeting non-market correlated business
lines in an effort provide a more stabilized revenue stream with an unlimited
potential for growth. Consistent with this strategy, GBI has recently become the
managing dealer for the Rubicon Capital Appreciation Fund.
Real
Estate and Mortgage Services
Rubicon
Real Estate and Mortgages, Inc. (“RREM”) has designated fiscal 2009 as a year of
re-building. RREM plans to focus on FHA loans, making up over 90% of
current transactions in the State of California. “We have structured
a strategic alliance with an FHA licensed originator. Our concentration is in
median home prices or lower, with FHA loan capability as the driver,” said Todd
Vande Hei, COO of Rubicon. “In addition to various marketing and recruiting
initiatives, development is underway for a dynamic data driven website to
facilitate the workflow between customers, agents and
administration.”
Insurance
Services
The
commercial property and casualty department of Rubicon Financial Insurance
Services, Inc. (“RFIS”) has experienced significant growth as a result of its
expansion into the commercial trucking market in mid 2008. To further promote
its business development, RFIS is now targeting the integration of health
insurance products to its current personal and commercial accounts. RFIS has
entered into this market through its continuous relationship development and the
addition of a 10-year veteran of the health insurance industry. “The addition of
an experienced health and benefits manager enables us to effectively increase
revenue streams and our business model through underwriting all types of group
and individual health benefit programs. Further, this is the final component
necessary to becoming a single source solution to our entire commercial and
personal line client base,” stated Todd Torneo, President of RFIS.
About
Rubicon:
Rubicon
Financial Incorporated is a publicly-traded, financial services holding company
that has grown through the acquisition of multiple businesses within the
financial services industries. Through an acquisition strategy of acquiring
entities whom are fully staffed, licensed and operational in each of the four
major financial service areas of need: Insurance, Mortgage, Real Estate and
Investments, Rubicon now has the capacity and capability of providing the
clients of its various wholly owned subsidiaries with convenience, low pricing
and enhanced customer service. Rubicon is located in Orange County, California,
in the center of one of the nation’s wealthiest regions, as well as one of
California’s most populated and affluent business communities. Rubicon currently
or in the future intends to offer a diverse number of financial services and
products, including but not limited to: insurance, both personal and
commercial; mortgage and real estate services; retail brokerage services; loss
mitigation services for troubled borrowers; short sales services; REO and non
performing note acquisitions and dispositions; securities market making; online
trading; investment banking for small to midsized companies; and commodity
trading and marketing services. Each respective financial service or
product is offered by fully licensed professionals employed through wholly owned
subsidiaries of Rubicon.
Forward-Looking
Statements:
This
press release contains “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933 and Section 21B of the Securities
Exchange Act of 1934. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections, objectives,
goals, assumptions or future events or performance are not statements of
historical fact and may be “forward-looking statements.”
Such
statements are based on expectations, estimates and projections at the time the
statements are made that involve a number of risks and uncertainties which could
cause actual results or events to differ materially from those presently
anticipated. Such statements involve risks and uncertainties, including but not
limited to: any implied or perceived benefits resulting from the 1000 BARS
letter of intent; ability of Rubicon to complete the acquisition of 1000 BARS;
Rubicon’s and its subsidiaries business prospects; the ability of Rubicon to
execute its business plan as a diversified financial services company; the
successful acquisition of other financial services companies; any other effects
resulting from the 1000 BARS letter of intent or other information disclosed
above; risks and effects of legal and administrative proceedings and government
regulation; future financial and operational results; competition; general
economic conditions; and the ability to manage and continue growth. Should one
or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual outcomes may vary materially from those
indicated.
Important
factors that could cause actual results to differ materially from the
forward-looking statements Rubicon makes in this press release include market
conditions and those set forth in reports or documents it files from time to
time with the SEC. Rubicon undertakes no obligation to revise or update such
statements to reflect current events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events.
