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RESEARCH SUMMARY
Single Source Financial Services Corporation

from Investor Spec Sheet and Investor Communications
www.investorcommunications.net/reports/ssfl

____________________________________

Symbol: SSFL
Recommended: 1/15/02
Price at 01/15/02: $0.54
52 Week Range: $0.04 - $1.22
Recent Price (01/15/02): $0.54
Market Capitalization: $31.9M
Shares Outstanding: 59.1M
Float: 7.9M
Daily Volume (10-day avg): 139.1K
Delayed Quote: http://quote.yahoo.com/q?s=SSFL.OB&d=t

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* Financial Summary

Single Source Financial Services Corporation provides
financial products and services to small and mid-sized
businesses.  The Company's initial business focus is the selling
and leasing of credit card processing equipment, as well as the
selling of third party processing services, to 'brick and mortar'
and web-based merchants.

Net sales for the nine-months ended July 31, 2001, were
$802,454 as compared to $306,685 for the nine-months
ended July 31, 2000, an increase of $495,769 or 261%. The
major reason for the increased sales relate to the Company's
expanded operations that existed in the current nine-month
period compared to the same period last year.  During the
current period, the Company operated from 8 different offices
located in four different states compared to the same period
last year when the Company operated from only two offices.

General and administrative expenses incurred for the
nine-months ended July 31, 2001, was $1,646,966, as
compared to $418,262 for the same period last year, an
increase of $1,228,704, or 393%.  The increase in overhead
for the current nine months as compared to the same period
last year relate to the Company's increased operations that
existed during the current period compared to the same period
last year.  Rent expense for the nine-months ended July 31,
2001, amounted to $136,971 as compared to $32,530 for the
prior year's nine-month period. Payroll and related employee
benefits including sales commissions and draws amounted to
$911,286 for the nine-month period ended July 31, 2001, as
compared to $276,217 for the same period last year.
Telephone expense for the current nine-month period
amounted to $90,111, as compared to $17,723 for the same
period last year.  Advertising and related marketing costs for
the current period amounted to $58,964, as compared to
$25,073 for the same period last year. Professional fees for
the nine-month period ended July 31, 2001, amounted to
$140,337 as compared to $1,227 for the same period last
year.  The Company filed a Registration Statement with the
Securities and Exchange Commission during the current nine
month period and incurred professional fees in its preparation
totaling $88,938.

Significantly all of the interest expense for the nine-month
period ended July 31, 2001 pertains to the interest accruing on
the Company's obligation to B.A.A.M. (a related party).
Interest expense for the nine-months ended July 31, 2001,
amounted to $44,833 as compared to interest expense
incurred during the same period last year of $2,278.  The
Company also received income from residuals amounting to
$118,922 during the current year. Income from residuals
during the same period last year was insignificant and was
included in gross sales

Principal business address:
121 North San Vicente Boulevard
Beverly Hills, CA 90211-2303
(888) 262-1600

Investor Relations:
877-310-4768
www.ssfl.info


* Business Description

Single Source Financial Services Corporation is a New York
corporation formed on September 19, 1994.
Our Company was incorporated under the name Ream
Printing Paper Corporation (Ream). In October 1994, the
Company issued its shares to its shareholders in exchange for
assets in another company. Ream was then spun off. The
exchange was accomplished under Rule 504 of Regulation D
promulgated under the Securities Act of 1933 and a Form D
was filed with the Securities and Exchange Commission.

In November 2000, the Company changed its name to Single
Source Financial Services Corporation. The current control
group of shareholders, which includes the officers, directors,
and their spouses, took control of the Company on July 24,
2000 in a private transaction

The Company is currently offering, or is in negotiations to
offer, the following products and or services:

* Electronic Transaction Processing Equipment
Single Source Financial Services Corporation sells electronic
transaction processing equipment to merchants who wish to
offer credit card and debit card payment options to their
customers.  The Company utilizes an outside leasing company
to provide those merchants who elect not to purchase the
equipment with the option of a lease.  Leasing accounts for
the majority of the Company's income from these activities.

The Company is actively pursuing either the acquisition or
formation of a leasing company. By cutting out the
"middle-man" and carrying its own leases, the Company
expects to dramatically increase revenues.

* Credit Card Processing Service
Single Source Financial Services Corporation currently
markets and sells the credit card processing services of
CardReady International, Inc.

The Company has secured an option to acquire CardReady
International, Inc.  If the acquisition is completed, the
Company will be able to provide processing services directly
to its own customers.  The Company will then also be able to
act as a third-party processor to independent sales
organizations around the country.

The Company's websites are located at
www.mysinglesource.com and  www.cardready.com.

Expanded Business Description:
www.investorcommunications.net/reports/ssfl/ssflbd.htm

Key Management
www.investorcommunications.net/reports/ssfl/ssflkey.htm


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* Analyst Summary

The credit card processing market has reached explosive levels
in the last few years.  In 1999 and 2000, industry-wide,
card-based payments increased by 16% and 14% respectively,
with debit card usage leading the way in growth.  In the year
2000, card-based payments represented 29% of all domestic
payment transactions.  By the year 2010, it is estimated that
card-based payments will represent almost 50% of all
domestic payment transactions.
With the acquisition of a processor (CardReady International,
Inc.), the Company will be able to dramatically increase its
processing revenues as well as its market share.  CardReady
International's sales and marketing operations are currently
adding more than 100 to 200 new accounts per month, each
worth from $500 to $1,000 in annual income.  Further, the
Company is in negotiations with independent sales
organizations to add more that 1,000 new accounts per
month.

Single Source Financial Services Corporation plans to expand
its operations to include various other financial products and
services. Once this is accomplished, the Company will be able
to effectively cross-sell to its ever-expanding client base.    As
credit cards have become the main method of payment for
goods and services , the credit card processing market has
realized explosive growth.  Single Source Financial Services
Corporation has positioned itself to capitalize on new market
opportunities by targeting a growing market sector largely left
untapped by bigger providers: Small to mid-sized businesses.


____________________________________

* Research Report

Complete Research Report from Investor Communications
can be viewed at
www.investorcommunications.net/reports/ssfl.

____________________________________

* Contact Information

Single Source Financial Services Corporation
Jeff Carlson
877/310-4768
investorrelations@ssfl.info
Magnum Financial Group, LLC
Michael Manahan
213/488-0443
mike@magnumfinancial.com

Visit the Company Website at www.mysinglesource.com.



________________________________________________

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