PRESS RELEASE: Las Vegas, Nevada – (11/29/13) – IEG Holdings Corp. (OTC Pink: IEGH), a state-licensed online consumer loan company, today announced that it has been upgraded to OTC Pink Current Information. The designation is for companies that follow the International Reporting Standard or the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service pursuant to OTC Markets Group Guidelines for Providing Adequate Current Information.
Over the past few months IEGH has been diligently working to remove the “Stop” and “Yield” signs and is now in full disclosure on the main Pink Sheet Board, which is one of the highest volume trade boards in the USA.
“We are very pleased to have reached the highest tier in the OTC Pink Markets by completing and filing two years of audited financials along with required quarterly filings,” said Paul Mathieson, CEO of IEG Holdings Corporation. “Looking forward, we plan on becoming a fully reporting company and up listing to the OTCQB designation.”
About IEG Holdings Corporation
IEG Holdings Corporation (OTC Pink: IEGH) provides unsecured consumer loans under the brand name “Mr. Amazing Loans” via its website www.mramazingloans.com. After lending approximately $48 million to over 11,500 borrowers in Australia, the Company Founder and CEO Paul Mathieson moved to the U.S. market in 2008 to replicate the successful business model. IEGH now operates online in the USA covering all of Nevada, Arizona, Illinois and Florida. IEGH plans to apply for a New Jersey license in December 2013 and expand to New York, Texas and California in 2014. The Company launched advertising for its online loan origination platform in mid-2013, partnering with top lead generators in the United States. The Company’s loans range in value from $2,000 to $10,000 and have a term of three to five years with a 19.90% to 29.90% APR. Significant growth is expected from the online loan origination business, which has the potential to scale much more rapidly and at a higher net margin than the previous brick-and-mortar business. For more information about the Company, visit www.investmentevolution.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Chairman and CEO