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IOU Financial announces renewal and increase of its credit facility

 IOU Financial announces renewal and increase of its credit facility  MONTREAL, Feb. 12, 2014 /CNW Telbec/ - IOU Financial Inc. ("IOU") (CNSX: IOU),  an online lender to small businesses, announced today that Accord Financial  Inc. (TSX: ACD) has exercised its option to extend IOU's current credit  facility by an additional one-year term, being up to June 14, 2015, by  providing IOU an increase in such credit facility from $10.0 million to $15.0  million.  About IOU Financial  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:  www.ioucentral.com.  CAUTION REGARDING FORWARD-LOOKING STATEMENTS  Certain statements contained in this news release are forward-looking and are  subject to numerous risks and uncertainties, known and unknown. For  information identifying known risks and uncertainties, relating to liquidity  risks, risks inherent in growing a new business, dependence on third-party  service providers, credit risks, competition, regulatory risk, and assumptions  that could cause the company's actual results to differ from current  expectations, please refer to the section "Risks and Uncertainties" of IOU's  most recent Management's Discussion and Analysis ("MD&A"), which may be  consulted at www.sedar.com. IOU cautions that the foregoing list of factors is  not exhaustive. The forward-looking statements presented in the MD&A reflect  IOU's expectations as at the date of the MD&A. IOU Financial does not  undertake any obligation to update publicly or to revise any such  forward-looking statements, unless required by applicable legislation or  regulation.  The Canadian National Stock Exchange (CNSX Markets Inc.) has neither approved  nor disapproved of the contents of this press 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  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/February2014/12/c9814.html  CO: IOU FINANCIAL INC. ST: Quebec NI: FIN FIN LOAN MNA