Loans4Less.com, Inc. "(the Company)" is launching its LFLS Partners Advertising Public Stock Participation Program pursuant to ("LFLS Program") http://www.loans4less.com/lfls-public-stock-participation-program.html (provider access: program). LFLS strongly believes that this versatile program enhances shareholder values, improves LFLS stock liquidity, builds LFLS brand recognition and provides for the advertising or third party partner an opportunity to recoup their participation fees from the ("LFLS Program") and retain a long term investment interest in LFLS common stock. No sales or any transactions have closed at the time of this release, pursuant to the ("LFLS Program").
The Company believes that there are many opportunites that can be develeped into various revenue streams and has selected the following changeable catagories for development. Please see:
http://www.loans4less.com/lfls-service-providers.html
It is important to understand that at the time of this release, the Company has not effectuated nor closed on any sales pursuant to the ("LFLS Program"). The Company is seeking to engage in talks to explore licensing, advertising & branding partners for the USA , Canada, Australia, UK and the EU in all service and product areas.
In other matters, the Company recognizes that future image reading technology that replaces traditional word description Internet search engines, (currently offered by Google Goggles (http://www.google.com/mobile/goggles/#logo), are the future in which recognizable registered service marks, such as Loans4Less® could become accepted as a key recognition word in the general consumer loan space. This is one example of several possibilities that could materialize for the Company in the future.
In the meantime, the Company maintained its base CA brokerage operations with approximate Revenues for fiscal 2009 of $420,000 and Net Income of approximately $65,000. On a cash on cash basis the company maintained a profit margin of approximately 30%. The Company is current on it's revolving obligations of $200,000, the Company is not involved in any law suits or pending litigation.
Due to current FASB accounting rules the Company has not realized any value on its balance sheet for its significant intangible assets and intellectual properties. The Company is seeking equity capital on terms yet to be negotiated.
On 12/17/09 LFLS common stock was 9th out of just 10 largest % advancers, the largest share volume and dollar consideration traded on the OTC Pinksheets http://www.pinksheets.com/pink/marketactivity/rt_trade_stats.jsp?tabValue=4. The Company and/or its Control Persons did not pay any third party a consideration or value in stock or cash to partake in the LFLS share volume activity of 435,915 shares.
On 12/17/09 the Company redeemed its final tranche of 10,000 Series B Preferred Stock at $0.50 per share to Steven M. Hershman, Trust for a consideration of $5,000. All Series B Preferred Stock shares outstanding are now thus retired by the Company.
The Company wishes its clients, directors and shareholders Happy Holidays and a successful 2010.
sincerely,
Steven M. Hershman,
LFLS Chairman & President