KINGWOOD, Texas, Jan. 25 /PRNewswire-FirstCall/ -- International Merchant Advisors www.imaiinc.com, (Pink Sheets: IMAI) announced today that the company is actively engaged in negotiating the purchase of oledeniro.com, a national Hispanic language payday loan provider. Oldeniro currently operates as a payday loan and cash advance marketer, generating leads for a national payday loan and cash advance lender. The lender currently offers its services throughout the USA, and conducts its marketing operations via the Internet, generating income between $9.00 and $45.00 per payday loan lead provided. Subject to the completion of due diligence, IMAI's intended purchase of 100% of Marquez Group, the owner and operator of Oledeniro.com, will be its first entree into the burgeoning Latino market.
Mel Roseman, CEO of IMAI, believes that Marquez Group is a "top-flight" opportunity and was pleased when they contacted us after our acquisition of flashcashnow.com. "It would be a great addition to the development of our payday loan and cash advance business of the Company, and we are actively seeking more payday loan company acquisitions," Roseman said. "A 2006 article on America.gov, the Web Site of the State Department's Bureau of International Information Programs, reported that Hispanics have been the largest minority group in the United States since 2002, and as reported by USA Today and the US Census, is the fastest growing sector in the USA," he added.
"IMAI is an up and coming player in the Internet payday loan industry," said Henry Marquez, Marquez Group founder. "We're the leading payday loan marketer in the Hispanic marketplace. It's logical to combine forces and provide the best of both worlds."
International Merchant Advisors, Inc.
International Merchant Advisors Inc. (IMAI) is a holding company and builder of companies. IMAI provides direct access to the critical tools necessary to satisfy the growth requirements of emerging and re-emerging public and private companies. These tools include providing mergers and acquisitions, strategic advisory services, capital raising strategies, direct access to capital markets, organizational development, business plan execution and marketing services.
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SOURCE International Merchant Advisors, Inc.