Danny O'Keefe
appointed Chief Financial Officer; David Kennedy accepts Advisory role.
ATLANTA, Feb. 28,
2023 /CNW/ - IOU FINANCIAL INC. ("IOU" or "the
Company") (TSXV: IOU), a leading online lender to small businesses
(IOUFinancial.com), announced today that David Kennedy, who has served as Chief Financial
Officer since 2016, has accepted an advisory role with the Company,
and that Danny O'Keefe, formerly
Chief Accounting Officer, has taken on the role of Chief Financial
Officer.
"IOU's transition to a marketplace strategy in 2021 has created
new opportunities and we are excited to have Danny O'Keefe bring his extensive experience in
driving transformational finance," said Gloer. "We thank
David Kennedy for his steady
leadership over the past 7 years and look forward to our continued
collaboration in his new role as Advisor to the executive
team."
About IOU Financial Inc.
IOU Financial Inc. is a wholesale lender that provides quick and
easy access to growth capital to small businesses through a network
of preferred brokers across the US and Canada. Built on its proprietary IOU360
technology platform that connects underwriters, merchants and
brokers in real time, IOU Financial has become a trusted
alternative to banks by originating over US$1 billion in
loans to fund small business growth since 2009. IOU was named
one of the 50 Best Places to Work in Fintech for 2022 by American
Banker and trades on the TSX Venture Exchange under the symbol IOU
(TSXV: IOU), and on the US OTC markets as IOUFF. To learn
more about IOU Financial's corporate history, financial products,
or to join our broker network please visit
www.IOUFinancial.com.
Forward Looking Statements
Certain information set forth in this news release may contain
forward-looking statements. Forward looking statements are
statements, other than statements of historical fact, that address
or discuss activities, events or developments that IOU expects or
anticipates may occur in the future. These forward looking
statements can be identified by the use of words and phrases such
as "anticipates", "believes", "estimates", "expects", "may",
"plans", "projects", "should", "will", "intends", "seeks",
"allows", "creates a path for", "puts in a position to" or the
negative thereof or other variations thereon. These
forward-looking statements are subject to and involve substantial
known and unknown risks and uncertainties, certain of which are
beyond the control of IOU, including, but not limited to, the
impact of general economic conditions, industry conditions,
dependence upon regulatory and shareholder approvals, the
uncertainty of obtaining additional financing, risks related to the
Company's incapacity to execute on its business plan, dependence on
third-party service providers, competition, dependence on key
personnel, security and confidentiality risk, technological
development risk, IT disruptions, maintenance of client
relationships, and litigation risk. No assurance can be given
that any of the events anticipated by such statements will occur
or, if they do occur, what benefit IOU will derive from them.
Readers are cautioned that the assumptions used in the preparation
of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. IOU does
not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events,
or otherwise. Additional information concerning these and
other factors can be found beginning on page 20 under the heading
"Risks and Uncertainties" in IOU's management's discussion and
analysis dated May 18, 2022, which is
available under IOU's profile on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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SOURCE IOU Financial Inc.