Mortgage Broker 100% Subsidiary Divestiture

The Company and 84% of the Majority Stockholders, believe it is in the best interests for all LFLS stockholders, that the wholly owned mortgage broker subsidiary, Union Discount Mortgage, Inc., a CA Corporation, plans to fully divest from Loans4Less.com, Inc.

At divestiture, the Company's liabilities will revert to and be retained by Union Discount Mortgage, Inc. 

The Company could then effectuate a Change-In-Control with a new venture business proposition, whereby, the LFLS legacy stockholders could retain a 16% collective common stock interest in the new successor corporation. To date, no new successor candidates have materialized.

The Company is actively seeking a merger transaction and is engaging with private enterprises in order to source a viable successor. 

Due to the big and sudden jump up in mortgage rates the market is in turmoil and home loan originations are at 25 year lows.

There has been little volume in LFLS stock, we believe that the best path forward to build equity value and trading liquidity for all the LFLS shareholders, is to seek a Change-in-Control and a new opportunity.

Sincerely, 

Steven M. Hershman, Chairman of the Board & Majority Stockholder.

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 "objective/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/or its officers or directors undertakes no obligation to update such statements.