Mr. Lowther: The company was formed in 1996. Shortly thereafter, we purchased 60% of American Title Company, our major subsidiary, from Fidelity National Financial. We then took the company public in February 1999. Just prior to the offering, American National Financial, Inc., exchanged shares of its stock for Fidelity's remaining 40% interest in American Title Company. In 1999, we completed the purchase of National Title Insurance of New York, which is a title insurance underwriter licensed in 34 states, the District of Columbia and the Virgin Islands.
TWST: Could you give us an idea of the trends that may be emerging in
your area within the next two or three years, and then what your own
game plan will be in relation to all that?
Mr. Lowther: We are experiencing more and more joint ventures with
lenders, and real estate companies, real estate agents and we're also
seeing more and more of our information being transmitted over the
Internet. Our business is very much driven by interest rates. When
interest rates go down, we see a large influx of orders in most of our
companies. One of our goals is to increase the revenue from those of our
companies which are not as dramatically affected by interest rates.
Tickers included in this excerpt: ANFI
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