MONTREAL, Jan. 23, 2014 /CNW Telbec/ - IOU Financial Inc. (CSE: IOU)
("IOU Financial" or the "Company"), is pleased to announce that it has
received conditional approval from the TSX Venture Exchange ("TSX-V")
to list its Class B common shares on the TSX-V.
A migration from the CSE to the TSX-V is considered to be an important
milestone for IOU Financial as it is expected to provide the Company
with broader market recognition.
Listing is subject to compliance with certain TSX-V requirements and to
the receipt of final approval from the TSX-V. For more information on
the Company, please refer to the Company's public documents available
on SEDAR (www.sedar.com).
About IOU Financial Inc.
IOU Financial, via its U.S. subsidiary, IOU Central, provides small
businesses throughout the U.S. access to the capital they need to seize
growth opportunities quickly. Typical customers include medical and
dental practices, grocery and retail stores, restaurant and hotel
franchisees and e-commerce companies. In a unique approach to lending,
IOU Central's advanced, automated application and approval system
accurately assesses applicants' financial realities, with an emphasis
on day-to-day cash flow trends. It makes loans of up to $100,000 to
qualified applicants within a few business days, with affordable
charges favorable to cash-flow management. IOU Central's speed and
transparency make it a trusted alternative to banks. To learn more
Forward Looking Statements
Certain information set forth in this news release may contain
forward-looking statements that involve substantial known and unknown
risks and uncertainties. These forward-looking statements are subject
to numerous risks and uncertainties, certain of which are beyond the
control of IOU including, but not limited to, the impact of general
economic conditions, industry conditions, dependence upon regulatory
and shareholder approvals, the execution of definitive documentation
and the uncertainty of obtaining additional financing. Readers are
cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. IOU does not assume any
obligation to update or revise its forward-looking statements, whether
as a result of new information, future events, or otherwise.
The CSE has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
SOURCE: IOU Financial Inc.
For further information:
Chief Executive Officer
(514) 789-0694 ext. 225
Chief Financial Officer
(514) 789-0694 ext. 298