Crednology Holding Corp Enters into Licensing Agreement with Leading Edge Financial, Inc.
October 31 2013 - 9:00AM
Access Wire
Agreement to Generate an Additional $1,750,000 Revenue
During Calendar 2014
GRAY, GA. October 31, 2013 Crednology Holding Corp (OTC PINK:
COHO) a leading provider of technology and software to the credit
industry and which provides developmental solutions worldwide for
real estate professionals, mortgage originators, property
management and financial advisers is extremely pleased to announce
that the Company has entered into a Licensing Agreement with
Leading Edge Financial, Inc., a rapidly expanding credit management
company in West Palm Beach, Florida.
Under the terms of the Agreement, Leading Edge Financial will
direct consumer clients to the Company's CreditDNA subsidiary for
credit management. The Agreement has a term of 15 years with a
launch date of November 1, 2013.
The Company anticipates generating revenue immediately upon
launch of the venture. Revenue projections for the first
quarter from this Agreement are expected to be $130,000 increasing
to $876,000 for the fourth quarter ending December 31,
2014. The Company anticipates realizing gross revenues from
this Agreement during calendar year 2014 in excess
$1,750,000. The Company intends to reinvest the funds for
further expansion as well as open market repurchases of its common
stock for its recently announced Share Repurchase Plan.
"We are excited to enter into this dynamic new venture with
Leading Edge Financial, Inc.", said Rusty Bresse, Chief Executive
Officer of Crednology Holding Corp. "This Agreement will grant
the Company the opportunity to generate significant cash flow while
expending little cash in the initial phase of the venture."
In a follow up to its recently announced Agreement with TheIWLA,
The International Woman’s League Association, the Company would
like to announce that TheIWLA has officially launched
ScoreNavigator Inc. to their members. CFO Patricia Giankas and
TheIWLA Executive Director Beth Johnston have supplied members with
a recorded interview explaining the advantages ScoreNavigator
provides not only to the 30,000 plus members, but to their
potential clients as well. “It’s a pleasure being a member
myself to this great organization and having this opportunity to
work closely with Beth and the other members on present and future
ventures” added Patricia Giankas, Chief Financial Officer of
Crednology Holding Corp.
About Crednology Holding Corp
Crednology Holding Corp, a Delaware corporation, a leading
provider of technology and software to the credit industry which
offers developmental solutions worldwide for real estate
professionals, mortgage originators, property management and
financial advisers. Its subsidiaries, ScoreNavigator and CreditDNA,
utilize the company's exclusive Point Deduction Technology.
This technology has the unique ability to analyze a credit report
and give full visibility to the points being deducted for each
account. For further information, visit
http://www.credholdingcorp.com/.
About ScoreNavigator
ScoreNavigator, a wholly owned subsidiary of Crednology Holding
Corp, is a credit analysis tool designed for consumers and loan
originators. It analyzes the electronic version of a credit report
and recommends the quickest way to achieve a credit score and to
achieve the score needed for loan approval. It is a scientific
analytical tool. Its recommendations are based on the understanding
of credit score calculations and how different factors affect
scores either positively or negatively. ScoreNavigator can only
suggest actions a consumer can take. ScoreNavigator itself cannot
directly cause credit scores to rise or fall. ScoreNavigator is a
tool used by consumers and loan originators to maximize a credit
score resulting in more approvals and closed loans. For further
information, visit http://www.scorenavigator.com/.
About CreditDNA
CreditDNA, Inc., a wholly owned subsidiary of Crednology Holding
Corp, is a Credit Management company with exclusive technology that
other companies do not have. We help you establish or re-establish
a good credit history, and provide ongoing training and support.
CreditDNA, Inc. provides you with up-to-date credit education
material and your own credit coach to assist in keeping you on the
right credit path. For further information, visit
http://www.creditdna.us/.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein, and while expected,
there is no guarantee that we will attain the aforementioned
anticipated developmental milestones. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include,
but are not limited to, risks and uncertainties associated with:
the impact of economic, competitive and other factors affecting the
Company and its operations, markets, product, the impact on the
national and local economies resulting from terrorist actions, and
U.S. actions subsequently.
Contact: Crednology Holding Corp:
ir@credholdingcorp.com
Corporate Website: http://www.credholdingcorp.com/