KINGWOOD, Texas, Jan. 28 /PRNewswire-FirstCall/ -- Continuing its rapid expansion to become a major force in the payday loan market, International Merchant Advisors, Inc. (Pink Sheets: IMAI) www.imaiinc.com, announced today that it has extended an offer to Ole'Deniro.com www.oledeniro.com for $750,000, paid in restricted common stock of the company. Ole'Deniro.com is a leading Hispanic online payday loan marketer and lead generation company doing business throughout the United States. The purchase is subject to due diligence and a mutually satisfactory agreement executed by all parties.
Mel Roseman, CEO of IMAI, stated, "As I mentioned when we were acquiring www.flashcashnow.com, the online payday loan and cash advance business trend is projected to continue its steady growth especially in the Hispanic market, with substantial profit margins. Additionally, since it is an online business, it has very low fixed operating costs, which minimizes risk for our shareholders. The current lack of consumer bank financing available and the need for worker cash between paydays is driving this business sector higher, and rates of return on these loans should translate into excellent value for our shareholders."
The Hispanic Market is the fastest growing segment of consumers in the United States. A Census Bureau study in 2006 predicted the percentage of Hispanic population in the United States to increase to 15.5 percent of the overall population by 2010, and to 17.8 percent by 2020. In "Hispanics in the United States," the Census reported that the rate of growth of the Hispanic population was more than three times the growth rate of the total population between 2000 and 2006.
About: International Merchant Advisors, Inc.
International Merchant Advisors, Inc. (IMAI) www.imaiinc.com is an international business banker and builder of companies. IMAI provides direct access to the critical tools necessary to satisfy the growth requirements of international emerging and re-emerging public and private companies. These tools include providing strategic advisory services, capital raising strategies, direct access to capital markets, and organizational development and business plan execution.
Ole'Deniro.com (www.oledeniro.com) is an online payday loan company that specializes in short-term personal loans with no negative credit restrictions. They are delighted to serve individuals and families in need of short-term financing in between paydays. Ole'Deniro.com remains committed to finding new ways to build the trust and confidence of their current as well as new clients. They also ensure the maximum amount of security precautions to safeguard members' privacy while supplying them with a cash advance loan.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of 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 a company's annual report.
SOURCE International Merchant Advisors, Inc.