Loans4Less.com, Inc. Pre-Announces Financial % Comparisons Q1 2009 versus Q1 2008
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REDONDO BEACH, Calif.--(Business Wire)--
Loans4Less.com, Inc. ("LFLS") (Pink Sheets: LFLS) is pleased to pre-announce its
financial % comparisons for period ended Q1 2009 versus Q1 2008. Total Income
increased by 255% and Net Income increased by 103%. Full results to be posted in
due course.
LFLS views the mortgage origination market as staying very active for 2009/2010,
however, lender underwriting standards are enabling only top quality borrowers
to close on their loans. The mortgage market is mainly Fannie Mae/Freddie Mac
Conforming fixed rate loans for owner occupied refinancings.
LFLS sees future positive market conditions as a catalyst for continual
significant improvement in our business growth and expansion going forward.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may,"
"future," "plan" or "planned," "will" or "should," "expected," "anticipates,"
"draft," "eventually" or "projected." You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in our annual report
and/or other releases made by us. You should consider these factors in
evaluating the forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this release are
made as of the date hereof and Loans4Less.com, Inc. undertakes no obligation to
update such statements.
Loans4Less.com, Inc.
Steven M. Hershman, Chairman & President
310-540-0157 Ext 103
www.loans4less.com
Copyright Business Wire 2009
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