Loans4Less.com, Inc. Chairman & President, Steven M. Hershman (as beneficial owner) redeemed 27,000 Shares of Series B Preferred Stock and received $13,500 from the Company.
As of March 27, 2008 there are 200,000 shares of Series B Preferred Stock outstanding as held by the Steven M. Hershman Revocable Trust dated 6/3/2004.