DJSP Enterprises, Inc. Announces Recent Developments
October 25 2010 - 8:30AM
DJSP Enterprises, Inc. (Nasdaq:DJSP) (Nasdaq:DJSPW) (Nasdaq:DJSPU)
today announced that Mark P. Harmon has resigned from the Board of
Directors of the Company and the Board of Managers of DAL Group,
LLC, a subsidiary of the Company.
About DJSP Enterprises, Inc.
DJSP provides a wide range of processing services in connection
with mortgages, mortgage defaults, title searches and abstracts,
REO (bank-owned) properties, loan modifications, title insurance,
loss mitigation, bankruptcy, related litigation and other services.
Our principal customer is The Law Offices of David J. Stern, P.A.
("DJSPA"). We are headquartered in Plantation, Florida, with
additional operations in Louisville, Kentucky and San Juan, Puerto
Rico.
Forward Looking Statements
This press release contains forward-looking statements about us
within the meaning of the Private Securities Litigation Reform Act
of 1995 (the "Act"), including but not limited to management's
expectations about the impact of our expense reduction efforts and
recent developments in the residential mortgage foreclosure
industry. Additionally, words such as "anticipate," "believe,"
"estimate," "expect" and "intend" and other similar expressions are
forward-looking statements within the meaning of the Act. Such
forward-looking statements are based upon the current beliefs and
expectations of our management and are subject to risks and
uncertainties, which could cause actual results to differ from the
forward-looking statements. The following factors, among
others, could cause actual results to differ from those set forth
in the forward-looking statements: business conditions,
changing interpretations of generally accepted accounting
principles; outcomes of government or other regulatory reviews,
particularly those relating to the regulation of the practice of
law; the impact of inquiries, investigations, litigation or other
legal proceedings involving us or our affiliates, which, because of
the nature of our business, have happened in the past to us and
DJSPA; the impact and cost of continued compliance with government
or state bar regulations or requirements; legislation or other
changes in the regulatory environment, particularly those impacting
the mortgage default industry; unexpected changes adversely
affecting the businesses in which we are engaged; fluctuations in
customer demand; our ability to manage growth and integrate
acquisitions; intensity of competition from other providers in the
industry; general economic conditions, including improvements in
the economic environment that slows or reverses the growth in the
number of mortgage defaults, particularly in the State of Florida;
the ability to efficiently expand our operations to other states or
to provide services we do not currently provide; the impact and
cost of complying with applicable U.S. Securities and Exchange
Commission ("SEC") rules and regulations; geopolitical events and
changes, as well as other relevant risks detailed in our filings
with the SEC, including our Annual report on Form 20-F for the
period ended December 31, 2009, which are available at the SEC's
internet site (http://www.sec.gov). Forward-looking statements
in this press release speak only as of the date of the press
release, and we assume no obligation to update forward-looking
statements or the reasons why actual results could differ.
CONTACT: DJSP Enterprises, Inc.
Chris Simmons, Director of Investor Relations
954-233-8000 ext. 1744
Cell: 954-294-9095
900 South Pine Island Rd.
Plantation, FL 33324
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