REDONDO BEACH, Calif.--(BUSINESS WIRE)--Loans4Less.com, Inc. (OTC: LFLS) has entered into an investment banking agreement with WestPark Capital, Inc., a FINRA/SIPC member firm, to advise in sourcing a strategic community bank partner to launch national mortgage broker origination, increase brand awareness and effectively raise capital in stages known as a Structured Secondary Offering. John Reilly is heading up the WestPark Capital team that is engaged to advise Loans4Less® in raising capital initially via a Private Placement and thereafter it is anticipated Loans4Less® can raise additional capital in a Secondary Public Offering. Terms, conditions and timelines are to be determined. In the meantime, Loans4Less.com intends to become a fully reporting company on the OTCQB. Loans4Less® is a unique registered federal service mark moniker and the Loans4Less.com retail mortgage platform is a highly attractive brand which has significant upside potential for exposing mortgages and other consumer loans.
Loans4Less.com, Inc. (loans4less.com) is currently an OTC publicly traded California online mortgage loan originator focused on becoming a national loan origination brand platform for conforming residential mortgage programs and other consumer loans. Loans4Less.com maintains an A+ TrustLink rating with the Better Business Bureau; provides very competitive rates, terms & 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 problems associated in the past with Sub-Prime or Alt "A" lending. Loans4Less.com relies on various wholesale lenders for its retail home loan programs. The main focus is to rapidly grow revenues via smart and cost effective advertising with a strategic bank broker origination partner, that effectively builds and exposes the Loans4Less® brand name in order to maximize shareholder value.
About WestPark Capital, Inc.
WestPark Capital, Inc. is a full service investment banking and securities brokerage firm which serves the needs of both private and public companies worldwide, as well as individual and institutional investors. We are committed to forging lasting partnerships with emerging growth companies and the investors who back them. Our simple approach is to provide customized financial solutions for virtually any need. A complete range of investment banking and brokerage services are available to our valued corporate and individual clients.
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 "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. undertakes no obligation to update such statements.