LOS ANGELES, Dec. 7, 2010 /PRNewswire/ -- WikiLoan, Inc. (OTC Bulletin Board : WKLI ), a financial social network, today announced that it received purchase orders for more than 131,000 WikiCash phone cards in the month of November, which represents almost $200,000 in revenue that is scheduled to be booked in the fourth quarter.
WikiLoan will launch the new and improved WikiLoan website in the coming days.
Edward C. DeFeudis, WikiLoan Co-founder, said, "We have been testing the new website and features, and are greatly anticipating the launch. It has a strong brand and communicates with the public more effectively. Immediately upon landing on the site, consumers will know why and how to use the WikiLoan platform. This should translate into some traction for the core business."
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.
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.