REDONDO BEACH, Calif.--(BUSINESS WIRE)--Loans4Less.com (Pink Sheets: LFLS) announced that revenues for the period ended December 31, 2010 increased 23% from $464,097 to $572,909 compared to the period ended December 31, 2009 as per posted Annual Report.
The Company is seeking to raise capital for its balance sheet to advance its ongoing plan of operations, pay off or reduce its obligations, obtain audited financial statements with the aim of becoming a fully-reporting company, invest in a new platform of technologies in order to facilitate increasing revenues through aggressive advertising and marketing with the main goal of developing a recognizable new national loan brand name. The Company is seeking licensing and/or Joint Venture arrangements in other loan products in order to effectively brand Loans4Less.com as more of a general loan consumer portal site using mortgages as a base service.
|
Loans4Less.com Financial Data |
||||||||||||||||||||||
|
For the Periods |
||||||||||||||||||||||
|
2010 |
2009 |
|||||||||||||||||||||
| Revenues | $ | 572,909 | $ | 464,097 | ||||||||||||||||||
| Income | $ | 396,456 | $ | 71,760 | ||||||||||||||||||
|
Balance Sheet |
||||||||||||||||||||||
| Assets | $ | 25,181 | $ | 15,089 | ||||||||||||||||||
| Liabilities | $ | 239,735 | $ | 283,067 | ||||||||||||||||||