LOANS4LESS.COM Entersinto an Acquisition Agreement with 321LEND a Consumer Lending and Peer-To-PeerTechnology Platform, seeks Bank Strategic Partner for National Mortgage BrokerOrigination and Brand Exposure Opportunities.
LOANS4LESS.COM, INC. (OTC: LFLS)has entered into an acquisition agreement with 321LEND, INC. a fully integrateddeveloped proprietary Consumer Lending and Peer-To-Peer Technology Platform.The transaction is subject to closing conditions with a Loans4Less® private placement securitiesfinancing. Thereafter, 321LEND will be a LOANS4LESS.COM wholly ownedsubsidiary, which enables the combined company to originate both mortgages andconsumer loans, build volumes, rapidly gain market share and expose highlyattractive new consumer brands.
WestPark Capital, Inc., aFINRA/SIPC member firm is advising Loans4Less® insourcing a strategic community bank partner to launch national mortgage brokerorigination, increase brand awareness and assist in capital formation andplanning. Loans4Less.com is in the process of completing its audited financialstatements and intends to become a fully reporting company. Loans4Less® is aunique registered federal service mark and the Loans4Less.com retail mortgageplatform is a highly attractive brand which has significant potential foradvertising mortgages and other consumer loans.
About Loans4Less.com, Inc.
Loans4Less.com, Inc.(loans4less.com) is currently an OTC publicly quoted California online mortgageloan originator focused on becoming a national loan origination brand platformfor conforming residential mortgage programs and other consumer loans.Loans4Less.com maintains an A+ TrustLink rating with the Better BusinessBureau, 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 problemsassociated in the past with Sub-Prime lending. Loans4Less.com relies on variouswholesale lenders for its retail home loan programs. The main focus is torapidly grow revenues via smart and cost effective advertising with a strategicbank broker national origination partner, that effectively builds and exposesthe Loans4Less® brand name in order to maximize shareholder value.
About 321Lend, Inc.
321LEND, INC. is a fullyintegrated developed proprietary Consumer Lending and Peer-To-Peer TechnologyPlatform that can originate loans in volume to consumers seeking unsecuredterms based on credit scores and other underwriting criteria.
About WestPark Capital, Inc.
WestPark Capital, Inc. is a full service investment bankingand securities brokerage firm which serves the needs of both private and publiccompanies worldwide, as well as individual and institutional investors. We arecommitted to forging lasting partnerships with emerging growth companies andthe investors who back them. Our simple approach is to provide customizedfinancial solutions for virtually any need. A complete range of investmentbanking and brokerage services are available to our valued corporate andindividual clients.
Contact:
Loans4Less.com, Inc.
Steven M. Hershman, 310-540-0157 Ext 103
321Lend, Inc.
Johnny Tong, 415-801-5510
Shin Hwang, 415-801-5510
WestPark Capital, Inc.
John Reilly, 310-843-9300
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 suchforward-looking statements are made pursuant to the safe harbor provisions ofthe Private Securities Litigation Reform Act of 1995. "Forward-lookingstatements" describe future expectations, plans, results, or strategiesand 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 amultitude of risks and uncertainties that could cause future circumstances,events, or results to differ materially from those projected in theforward-looking statements, including the risks that actual results may differmaterially from those projected in the forward-looking statements as a resultof various factors, and other risks identified in our annual report and/orother releases made by us. You should consider these factors in evaluating theforward-looking statements included herein, and not place undue reliance onsuch statements. The forward-looking statements in this release are made as ofthe date hereof and Loans4Less.com, Inc. and 321Lend,Inc. undertakes noobligation to update such statements.