IOU Financial Receives Conditional Approval to List on the TSX Venture Exchange
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
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 visit:
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.
Philippe Marleau Chief Executive Officer (514) 789-0694 ext. 225
Mayco Quiroz Chief Financial Officer (514) 789-0694 ext. 298
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CO: IOU Financial Inc.
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-0- Jan/23/2014 22:34 GMT
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