HENDERSON, NV--(Marketwired - Jan 6, 2014) - Co-Signer, Inc. (OTCQB: COSR), announced today that its wholly-owned subsidiary, Co-Signer.com, Inc., which is the nation's premier provider of residential rent assurance, has contracted with Contemporary Information Corporation (CIC), the nation's highest rated credit information service bureau that provides comprehensive tenant screening services to over 10,000 property managers nationwide.
Mr. Kurtis Kramarenko, the new CEO of Co-Signer, Inc., stated "We are extremely pleased to have CIC has our service provider and partner. With only one claim in two years, we are looking forward to Co-Signer.com maintaining its high standards and improving its underwriting capabilities and capacity as the company expands its client base. We have planned quite an expansion in services and CIC will be able to support and increase that growth. This is a wonderful opportunity to grow a strategic relationship with the nation's leader in tenant screening services. We know CIC has a tremendous client base of property managers and landlords covering all segments of the residential rental market." Mr. Kramarenko continued, "This contract we believe is a milestone for the company and is at the forefront of the momentum that has been building as we enter 2014. The Company is focused on building shareholder value while providing revenue growth and increased brand awareness."
"After seeing what the team at Co-Signer.com was offering to their clients we knew that their residential rent assurance service product was innovative and could really do some good for the industry. We are looking forward to developing a relationship that will benefit both Co-Signer and CIC's clients, and the consumers they work with," said Dan Firestone, Vice President and Director of CIC.
CIC has been a leading expert of tenant screening knowledge for the multifamily housing industry since 1986. At their core, CIC offers comprehensive tenant background checks for the rental industry that include credit reports from all three major bureaus, nationwide eviction records, and nationwide criminal histories among many other solutions.
For landlords, property managers and tenants seeking more information about the Company's subsidiary that provides residential rent assurance commonly known as rent guarantees, please visit www.Co-Signer.com or email Steve@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 rent assurance services offering rental guarantees on behalf of tenant clients to landlords, property managers, leasing agents and others that may be responsible for residential leasing. Co-Signer.com, Inc. provides its fee based tenant service to those who may have no, poor or bad 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, Inc. uses a proprietary underwriting process 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 the U.S. industry standard by focusing its resources and market awareness efforts on landlords and property managers, educating them on the simplicity and value of the Company's service that facilitates housing for tenants and maximizes occupancy rates and cash flow for landlords. With almost 39,000,000 rental units in the United States and 1 out of every 4 adults having poor or bad credit, the demand for commercialized cosigning services provides a real growth opportunity.
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.