LOANS4LESS.COM Enters into an Acquisition Agreement with 321LEND, a Consumer Lending & Peer-To-Peer Technology Platform; Seek...
March 31 2015 - 9:30AM
Business Wire
LOANS4LESS.COM, INC. (OTC: LFLS) has entered into an acquisition
agreement with 321LEND, INC., a fully integrated developed
proprietary Consumer Lending and Peer-To-Peer Technology Platform.
The transaction is subject to closing conditions with a Loans4Less®
private placement securities financing. Thereafter, 321LEND will be
a LOANS4LESS.COM wholly owned subsidiary, which enables the
combined company to originate both mortgages and consumer loans,
build volumes, rapidly gain market share and expose highly
attractive new consumer brands.
WestPark Capital, Inc., a FINRA/SIPC member firm, is advising
Loans4Less® in sourcing a strategic community bank partner to
launch national mortgage broker origination, increase brand
awareness and assist in capital formation and planning.
Loans4Less.com is in the process of completing its audited
financial statements and intends to become a fully reporting
company. Loans4Less® is a unique registered federal service mark,
and the Loans4Less.com retail mortgage platform is a highly
attractive brand which has significant potential for advertising
mortgages and other consumer loans.
About Loans4Less.com, Inc.
Loans4Less.com, Inc. (loans4less.com) is currently an OTC
publicly quoted California online mortgage loan originator focused
on becoming a national loan origination brand platform for
conforming residential mortgage programs and other consumer loans.
Loans4Less.com maintains an A+ TrustLink rating with the Better
Business Bureau, provides very competitive rates, terms and costs,
daily rate updates, other market information and prides itself on
excellent and honest service. Loans4Less.com does not operate a
warehouse line of credit, hold trust funds, lend directly or
service loans and is not exposed to the risks and/or problems
associated in the past with Sub-Prime lending. Loans4Less.com
relies on various wholesale lenders for its retail home loan
programs. The main focus is to rapidly grow revenues via smart and
cost effective advertising with a strategic bank broker national
origination partner, that effectively builds and exposes the
Loans4Less® brand name in order to maximize shareholder value.
About 321Lend, Inc.
321LEND, INC. is a fully integrated developed proprietary
Consumer Lending and Peer-To-Peer Technology Platform that can
originate loans in volume to consumers seeking unsecured terms
based on credit scores and other underwriting criteria.
About WestPark Capital, Inc.
WestPark Capital, Inc. is a full service investment banking and
securities brokerage firm which serves the needs of both private
and public companies worldwide, as well as individual and
institutional investors. We are committed to forging lasting
partnerships with emerging growth companies and the investors who
back them. Our simple approach is to provide customized financial
solutions for virtually any need. A complete range of investment
banking and brokerage services are available to our valued
corporate and individual clients.
Forward-Looking Statements:
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "advertise," "anticipates," "draft," "eventually" or
"projected." You are cautioned that such statements are subject to
a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those
projected in the forward-looking statements, including the risks
that actual results may differ materially from those projected in
the forward-looking statements as a result of various factors, and
other risks identified in our annual report and/or other releases
made by us. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and Loans4Less.com, Inc. and
321Lend,Inc. undertakes no obligation to update such
statements.
Loans4Less.com, Inc.Steven M. Hershman, 310-540-0157 Ext
103or321Lend, Inc.Johnny Tong, 415-801-5510Shin Hwang,
415-801-5510orWestPark Capital, Inc.John Reilly, 310-843-9300
Loans4Less com (PK) (USOTC:LFLS)
Historical Stock Chart
From Dec 2024 to Jan 2025
Loans4Less com (PK) (USOTC:LFLS)
Historical Stock Chart
From Jan 2024 to Jan 2025