TORRANCE, Calif., June 14, 2022 /PRNewswire/ — Loans4Less.com, Inc. (OTC: LLFS) today announced that it has retained david elias & Associates, a New JerseyInvestment bank and advisory firm specializing in mergers and acquisitions, to evaluate strategic alternatives for Loans4Less.com.
Steven HershmanCEO of Loans4Less.com, said, “In order to fully capitalize on the market opportunity and maximize shareholder value, we believe the time is right to sell our portfolio of intangible assets, including Loans4Less.com , Federal Service Mark and 60 domain names. With the help and advice of david elias and his team, we plan to review the full range of strategic alternatives that realize the full value of Loans4Less.com.”
“To obtain competitive bidding between commercial and retail banks as well as financial institutions specializing in lending programs, we have entered into a non-exclusive agreement with david elias & Associates,” Mr. Hershman concluded.
Loans4Less.comInc is a California The online mortgage broker has focused on building a national branded platform for residential mortgage program compliance and other consumer loans. Loans4Less.com offers 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, or directly lend or service loans. Loans4Less.com relies on various wholesale lenders for its retail home loan programs. The company plans to rapidly grow revenue through cost-effective advertising and by engaging with a strategic partner to expand the generic Loans4Less brand and maximize value for our shareholders.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of 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”, “shall” or “should”, “expects”, “announces”, “anticipates”, “draft”, “possibly” or “objective/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. significantly from those projected. in forward-looking statements due to various factors and other risks identified in our annual report and/or other press releases issued by us. You should consider these factors when evaluating the forward-looking statements included herein and not place undue reliance on such statements. The forward-looking statements contained in this release are made as of the date hereof and Loans4Less.com, Inc. and/or its officers or directors undertake no obligation to update such statements.
SOURCE Loans4Less.com, Inc.