IOU Financial Inc.'s Results for the Three Month Period Ended March 31, 2014

 IOU Financial Inc.'s Results for the Three Month Period Ended March 31, 2014  MONTREAL, May 23, 2014 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the  Company") (TSXV: IOU) recorded revenue for the quarter ended March 31, 2014 of  $1,344,401 versus $476,665 for the quarter ended March 31, 2013. The Company  closed its first quarter of fiscal 2014 with a net loss attributable to common  shareholders of $414,784, or $0.01 per share, compared with a net loss of  $415,807 or $0.01 per share during the same period in 2013. Excluding one-time  expenses associated with the migration to the TSX-V as well as a one-time  legal expense, net loss for the first quarter 2014 was $275,906.  As of March 31, 2014, total assets amounted to $18,879,251 compared with  $15,921,263 as of December 31, 2013, and consisted mostly of commercial loans  receivable and cash. Total liabilities amounted to $10,932,341 compared with  $8,688,312 as of December 31, 2013, and consisted mostly of funds borrowed  from the company's financial credit facility. Shareholders' equity showed a  surplus of $7,946,910, compared with a surplus of $7,232,951 on December 31,  2013.  IOU Financial's financial statements and management discussion & analysis for  the period ended March 31, 2014 have been filed on SEDAR and are available at  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 visit:   www.ioucentral.com  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 TSX-V 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  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/May2014/23/c9790.html  CO: IOU FINANCIAL INC. ST: Quebec NI: FIN ERN  
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