Galenfeha, Inc. Announces Letter of Intent

Galenfeha, Inc. ( OTC: Pink) West Palm Beach, Fl- Galenfeha, Inc. announces that the Company has entered into a Letter of Intent with with CLG Servicing,LLC d/b/a First Choice Strategic Partners. 

First Choice Stratic Partners ("FCAP") is a Company that specializes in turnaround situations focusing on the Merchant Cash Business ("MCA"). Companies that utilize this form of funding often find themselves in financial difficulties after obtaining these loans. FCAP utilizes internal and external funding methods to restucture the loans over a 1-5 year period and assists the company in developing a succesful plan of action. 

Terms of the transaction are not announced at this time, as Galenfeha, Inc. is currently in negotiations to sign a Definative Agreement, which will outline the specifics of the transaction. 

About Galenfeha, Inc.:

We were incorporated under the laws of the State of Nevada. We are a publicly traded company focused on developing and acquiring businesses that fit into our disruptive DSF business model of Developing, Scaling and Financing synergistic industry focused business goups. Our focus is on how the adaptation of informational technologies, even in the brick and mortar businesses, can drive scalable growth and innovation. (Website: www.galenfeha.com)

This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.