SAN DIEGO, Nov. 12 /PRNewswire-FirstCall/ -- Frontera Investment, Inc. (Pink Sheets: FRNV) announced today that it has posted its third quarter 2008 financial statements to Pink Sheets Issuer Services that can be located at http://www.pinksheets.com/. The financial statements can also be found on Frontera's website at http://www.fronterainvestment.com/. Frontera announced third quarter revenues ended September 30, 2008 grew 10% to $1.84 million from $1.67 million in Q2'08. The Company entered 2008 with five stores generating EBITDA totaling $21,000 per month, or a run rate of $252,000 annually. By September 2008, these five store plus two stores acquired in 2008 generated EBITDA totaling $68,000 per month; or a run rate of $816,000 annually. The Company's gold pawn lending product that launched in Q3'07 passed the $500,000 loan balance on November 2, 2008 and is now yielding a 60% ($300,000) annualized return. Even in this difficult economic climate, revenues have increased at existing stores and loss rates on checks and loans are nearly one-half the industry average. Gil Partida, CEO, said that Frontera's new store in Ventura County California that was acquired on September 1, 2008 is expected to cash $40 million in checks and $10 million in money transfers annually, making this Frontera's highest volume store. The Company also entered into three new store leases, including two stores embedded within ARCO AM/PM Travel Centers, one of which opened October 24, 2008 in Mecca California and a second to open in December 2008 in Perris California. Frontera's Lake Elsinore California location, embedded within a McDonalds', is to be relocated nearby within the third lease in early 2009. Frontera closed its remaining embedded McDonalds' store that was operating in Oceanside California in October 2008. In addition, Frontera entered into escrow for a third store in Ventura County California that the organization expects to close no later than July 1, 2009 that may become its largest volume store projected to cash $50 million in checks and $12 million money transfers annually. The Hispanic market is currently estimated at 40 million consumers, over half do not use any form of banking service. About 35 percent of the total US households are un-banked or use alternative financial services companies. Frontera currently operates seven stores in California. Forward-Looking Statements: Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete expansion within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in business strategy; and the successful integration of newly acquired businesses. DATASOURCE: Frontera Investment, Inc. CONTACT: Allan C. Youngberg, CFO of Frontera Investment, Inc., +1-858-549-7061, Web site: http://www.fronterainvestment.com/ http://www.pinksheets.com/

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