LOS ANGELES, Oct. 15 /PRNewswire/ -- WikiLoan, Inc. (OTC.Bulletin Board: WKLI), a financial social network today announced that it has printed the first 200,000 WikiCash Phone Cards and related collateral advertising material. The cards and advertising material shall be distributed through SDI Distributors NJ, Inc.'s reach to more than 20,000 retail locations nationwide. WikiLoan has already received purchase orders for the first 100,000 cards, which represents more than $170,000 in revenue that shall be booked in the fourth quarter.
"We are enthusiastic that this venture will help us expose our brand to a large segment of the peer-to-peer lending community and confident that this is just the beginning of multiple revenue streams for our company," said Marco Garibaldi, WikiLoan's Founder and CEO.
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.