New York, NY (January 2010) – 50/50 Loan, announced today that it is in the process of going public by way of reverse merger with a company that is currently trading on the NASDAQ OTCBB.
50/50 Loan Inc plans to have the merger completed by the end of the 4rd quarter of 20120. Going public through Reverse Merger with an existing company cuts both time and cost of proceeding though a normal IPO offering.
Current offers for existing NASDAQ OTCBB are being accepted and reviewed. The company will be accepting offers through March 2010 and begin negotiations during that time. Current offers are in the form of equity trade for the new shares with no cash exchange between companies. But 50/50 Loan Directors are open to all offers.
50/50 Loan which has Investors waiting to purchase the new shares of stock will proceed with share sales once the merger is completed.
About50/50 Loan.
50/50 Loan, is not a lender but a Marketing, Developer of Proprietary Patented Lending Products, Systems, Software, Internet based Identity Verification for Lenders and Lending Matrix. 50/50 Loan’s niche in the multi billion dollar high risk lending products and services. No Credit Check or Bad Credit Borrow type products and services..
The term 50/50 Loan is a form of self collateralizing loan. Fifty percent of the loan amount is held back in reserve in case of default by the borrow. The term and process were developed by 50/50 Loan and are patented under US & International Patents and registered as Trademarks as 50/50 Loan.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words expect, anticipate, estimate, project, forecast, outlook, target, objective, plan, goal, pursue, on track, and similar expressions, are forward-looking statements and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements.
Contact 50/50 Loan For more information contact Media Relations at 1.888.407.4071 or go to www.5050loan.com
Media & General Questions : questions@5050loan.com
All product and company names may be trademarks of their respective owners,. 50/50 Loan is not affiliated with any of these companies.
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