LOS ANGELES, Oct. 8 /PRNewswire/ -- WikiLoan, Inc. (OTC Bulletin Board: WKLI), a financial social network today announced that it has developed the first "WikiCash Card" branded phone cards in collaboration with SDI Distributors NJ, Inc. The cards will be sold through SDI's distribution channel that reaches more than 20,000 retail locations nationwide. The approval of the design and specifications was the first major step taken since executing an agreement signed in February.
"I'm excited that we have begun the process to execute our strategy to gain a foothold in an underserved market. The deal to develop and market 'Wiki' branded products will allow our services to be advertised to millions of people in our target market," said Edward DeFeudis, WikiLoan's Founder and President.
WikiLoan is a Social Network with a focus on finance. At WikiLoan.com, family and friends can borrow and lend money among themselves at rates suitable to their respective needs. The company's website provides repayment schedules and documentation for loans, along with proprietary administrative tools, which enable users to securely pull credit reports and automate the loan repayment process.
About SDI Distributors NJ, Inc.
SDI has been a prominent force in the development and distribution of high quality voice and quick connection phone cards for years. SDI delivers its product through a retail distribution chain reaching more than 20,000 US locations and generated over $165 million in revenue in 2009.
Investors may contact: Ben Hansel (720) 288-8495.
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third party manufacturers to produce components on a basis which is cost-effective to the company, market acceptance of the company's products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.
SOURCE WikiLoan, Inc.