Site Updates
October 2005
Over $1,250,000 in Stock Sale Subscriptions in only 3 months!
Thanks to you our investors, and the efforts of our sales team, Management is pleased to report we have surpassed $1,250,000.00 in stock sales. First Trinity Financial is now owned by over 400 Oklahomans.
Your
sales team has grown to 14 registered agents, and our goal is to
build your sales organization to 50 professional agents throughout
Oklahoma, thus providing jobs and opportunities in our state.
As you recall, we are spreading your company’s ownership to
each Oklahoma County. The company has already achieved our subscriber
goals in Craig, Beckham, and Roger Mills Counties. We are extremely
close to reaching our goals in Delaware, Beaver and Kingfisher Counties.
As part of our registration requirements, First Trinity Financial was required to escrow $1,750,000.00. Management anticipates that the company will reach its escrow requirement by the end of November. Upon breaking escrow, the company will make application with the Oklahoma Department of Insurance for its Certificate of Authority to become a domestic insurer in Oklahoma.
Your Board of Directors met with Insurance Commissioner, Kim Holland, and key members of her staff on August 29, 2005. The Insurance Department has been very helpful in reviewing the requirements under Oklahoma law to obtain a Certificate of Authority.
Your management team is extremely pleased with the early success of our offering however, we at First Trinity Financial pledge to continue our efforts to achieve all of our corporate goals. We thank you for the confidence you have placed in us.