HENDERSON, NV--(Marketwired - Sep 18, 2013) - Co-Signer, Inc. (OTCBB: COSR) announced today the acquisition of Co-Signer.com, Inc. which occurred on August 12, 2013 and was reported that day in an SEC 8K filing. Co-Signer.com, Inc. is the nation's premier residential lease assurance company providing guaranteed rent on behalf of tenant clients to landlords, property managers, and others responsible for filling residential vacancies. Co-Signer.com, Inc. provides its fee based tenant service to those who may have no credit or poor credit due to a short sale, a bankruptcy, inconsistent employment, a long-term health issue or other circumstances. Typically these tenants are able to afford the rental payment for the new residence they seek however, superficially their credit scores and financial profile do not readily qualify them with the prospective landlord. Cosigning services are available whether the tenant seeks a single family home, condominium, townhouse, or apartment anywhere in the United States.
Co-Signer.com was established as a result of the 2007 housing and 2008 financial crises. Since the summer of 2007 to today, a large number of Americans have lost their jobs, their homes and/or their businesses resulting in having their personal wealth and credit scores severely reduced and damaging their credit history. Despite some indications that the U.S. economy is rebounding, a recent report by the Associated Press (July 2013) states that 80% of all adult Americans will experience near poverty or unemployment in their lifetime. "As a result of these circumstances and other nagging financial indicators, the need to have someone cosign for a residential lease has increased and will continue. In the case of many tenants, the family and friends who would have cosigned for them a few years ago are now unable to do so," explained Rebecca Eli, Vice President of Marketing for Co-Signer.com. Ms. Eli added, "We are aggressively seeking to meet this increased need for lease cosigners through our branded web site, www.Co-Signer.com."
Co-Signer is a leader in creating this new US industry that addresses the need for rent assurance especially in an increasingly restrictive approval environment. Ms. Eli elaborated, "Our service replaces the traditional need to rely on family and friends to cosign on a lease with an affordable, efficient and professional service that benefits both tenant and landlord and eliminates the uncomfortable, unreliable and inconsistencies that residential co-signing by relatives and friends often produces. These services are similar to those that have been a mainstay in Australia's residential leasing industry for over the past twenty years and available in the US on a limited basis for the past 6 years." Instead of looking for an individual to be their guarantor or co-signer, or having to pay a significantly larger security deposit or prepaid rent, a renter may qualify to purchase a lease guarantee from Co-Signer.com to satisfy the landlord's financial and credit requirements.
For the past two years Co-Signer.com has tested its proprietary approval screening processes and online platform in targeted cities across the country and is now rolling out its services through multiple channels. "Co-Signer has perfected this service through state of the art information services to achieve low default ratios that also maximize the company's profitability. After two years Co-Signer.com is generating revenue. We are very excited about its future and is why we targeted the acquisition of Co-Signer.com. We are very happy and optimistic for our shareholders and our associates," said Darren Magot, Chairman and Interim CEO of Co-Signer, Inc.
The Company stated its business strategy is to make the use of commercial rent assurance the U.S. industry standard by focusing resources on landlord and property manager awareness in order to educate the market on the simplicity and value of the service that facilitates housing for tenants and maximizes occupancy rates and cash flow for landlords.
For landlords, property managers and tenants seeking more information please visit www.Co-Signer.com or email Rebecca@Co-Signer.com. For more information on Co-Signer, Inc. including investor packets please email inquiries to Investors@Co-Signer.com.
About Co-Signer, Inc.
Co-Signer, Inc. is a financial and real estate services company. Its wholly-owned subsidiary, Co-Signer.com, Inc. is the nation's premier commercial provider of residential lease assurance services offering rental guarantees on behalf of tenant clients to landlords, property managers and others that may be responsible for residential leasing. Co-Signer.com, Inc. uses proprietary approval and screening processes with state of the art information services to achieve low default ratios that maximize company profitability. The Company's business strategy is to make the use of commercial rent assurance an industry standard. It focuses its market awareness efforts on landlords and property managers, educating them on the simplicity and value of the Company's service.
Forward-looking & Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions that these forward-looking statements are further qualified by other factors. The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.