REDONDO BEACH, Calif.--(BUSINESS WIRE)--LOANS4LESS.COM, INC. (OTC: LFLS) has entered into an acquisition agreement with 321LEND, INC., a fully integrated developed proprietary Consumer Lending and Peer-To-Peer Technology Platform. The transaction is subject to closing conditions with a Loans4Less® private placement securities financing. Thereafter, 321LEND will be a LOANS4LESS.COM wholly owned subsidiary, which enables the combined company to originate both mortgages and consumer loans, build volumes, rapidly gain market share and expose highly attractive new consumer brands.
WestPark Capital, Inc., a FINRA/SIPC member firm, is advising Loans4Less® in sourcing a strategic community bank partner to launch national mortgage broker origination, increase brand awareness and assist in capital formation and planning. Loans4Less.com is in the process of completing its audited financial statements and intends to become a fully reporting company. Loans4Less® is a unique registered federal service mark, and the Loans4Less.com retail mortgage platform is a highly attractive brand which has significant potential for advertising mortgages and other consumer loans.
About Loans4Less.com, Inc.
Loans4Less.com, Inc. (loans4less.com) is currently an OTC publicly quoted 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 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 problems associated in the past with Sub-Prime 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 national origination partner, that effectively builds and exposes the Loans4Less® brand name in order to maximize shareholder value.
About 321Lend, Inc.
321LEND, INC. is a fully integrated developed proprietary Consumer Lending and Peer-To-Peer Technology Platform that can originate loans in volume to consumers seeking unsecured terms based on credit scores and other underwriting criteria.
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.
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 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. and 321Lend,Inc. undertakes no obligation to update such statements.
