International Merchant Advisors Negotiating Acquisition of Hispanic Market Payday Loan Marketer
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.
Forward-Looking Statements
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.
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