Press Release
January 15, 2001
LAS VEGAS, NV -- Mego Financial Corporation announces the appointment of Carol Sullivan as Senior Vice President
and Chief Financial Officer of its major subsidiary, Preferred Equities Corporation. Ms. Sullivan is an experienced
and sophisticated financial manager who has been involved on the lending and the borrowing side of the timeshare
industry for many years. Ms. Sullivan will assume the duties of Herbert Hirsch which include responsibility for
Preferred Equities borrowings and lender relations.
Herbert Hirsch has held the position of Senior Vice President and Chief Financial Officer of Mego Financial since
its acquisition of Preferred Equities twelve years ago. Mr. Hirsch will be continuing on the Board of Directors
of Mego Financial and Preferred Equities and will be acting in an advisory capacity on financial matters concerning
both Companies.
SOURCE: Mego Financial Corporation