IOU Financial Ranks No. 32 on the 2014 PROFIT 500 List of Canada's Fastest
MONTREAL, Quebec, June 12, 2014 (GLOBE NEWSWIRE) -- IOU Financial Inc.
(TSX-V:IOU) ("IOU Financial", "IOU", or the "Company") announced today that
Canadian Business and PROFIT 500 ranked IOU Financial No. 32 on the 26th
annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing
Companies. Published in the July issue of Canadian Business and online at
PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue
growth over five years.
IOU Financial, an online lender to small businesses, made the 2014 PROFIT 500
list with five-year revenue growth of 1,924%.
"The members of the PROFIT 500 are the elite of the country's entrepreneurial
community," says James Cowan, Editor-in-Chief of Canadian Business and PROFIT.
"Their stories are lessons in business strategy, innovation, management
excellence and sheer tenacity."
"IOU Financial is honoured to be on the PROFIT 500 ranking," says CEO Phil
Marleau. "This achievement reflects the strength of our lending platform and
the dedication of our team."
About PROFIT and PROFITguide.com
PROFIT: Your Guide to Business Success is Canada's preeminent media brand
dedicated to the management issues and opportunities facing small and
mid-sized businesses. For 32 years, Canadian entrepreneurs across a vast array
of economic sectors have remained loyal to PROFIT because it's a timely and
reliable source of actionable information that helps them achieve business
success and get the recognition they deserve for generating positive economic
and social change. Visit PROFIT online at PROFITguide.com.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving, best-selling and
most-trusted business publication in the country. With a readership of more
than 800,000, it is the country's premier media brand for executives and
senior business leaders. It fuels the success of Canada's business elite with
a focus on the things that matter most: leadership, innovation, business
strategy and management tactics. We provide concrete examples of business
achievement, thought-provoking analysis and compelling storytelling, all in an
elegant package with bold graphics and great photography. Canadian
Business—what leadership looks like.
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.
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.
CONTACT: For more information, please contact:
Chief Executive Officer
(514) 789-0694 ext. 225
Chief Financial Officer
(514) 789-0694 ext. 298
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