FlexShopper, Inc. Regains Nasdaq Listing Compliance
July 02 2019 - 8:30AM
FlexShopper, Inc. (Nasdaq: FPAY), a leading national online
lease-to-own (“LTO”) retailer and omnichannel LTO payment solution
provider, today announced it has regained compliance with the
minimum $1.00 per share bid price requirement for continued
listing, and further, that the Company complies with all other
applicable standards for continued listing of its securities on the
Nasdaq Stock Market. The company's shares will continue to be
traded on The Nasdaq Global Market under the symbol FPAY.
About FlexShopper
FlexShopper, Inc. (FPAY) is a leading
omnichannel provider of lease-purchase solutions for non-prime
consumers and for retailers. For shoppers, a simple
application completed online or in-store provides immediate
purchasing power to non-prime consumers. For retailers, we
provide an attractive alternative to their non-prime retail
customers, which helps them “save the sale” and increase their
business. Our unique, proprietary technology platform serves
both B2C and B2B channels. FlexShopper’s largest direct to consumer
channel is its LTO marketplace (www.flexshopper.com), which
features over 150,000 items drop-shipped by some of the nation’s
largest retailers. The Company’s B2B channels include its mobile
LTO point-of-sale technology and its LTO payment option on
retailers’ ecommerce sites. FlexShopper approves consumers
utilizing its proprietary consumer screening model, collects from
consumers under an LTO contract and pays its retail partners for
the goods.
Forward-Looking Statements
Certain statements in this release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve a number of risks, uncertainties and other factors that
could cause actual results to differ materially, as discussed in
FlexShopper's filings with the Securities and Exchange Commission.
The forward-looking statements made in this release, including
FlexShopper’s sales growth and results from its retail B2B
channel, speak only as of the date of this release, and FlexShopper
assumes no obligation to update any such forward-looking statements
to reflect actual results or changes in expectations, except as
otherwise required by federal securities law.
Contact:Jeremy HellmanSenior
AssociateThe Equity Group212-836-9626jhellman@equityny.com
FlexShopper, Inc.Investor
Relationsir@flexshopper.com
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