HENDERSON, NV--(Marketwired - Dec 13, 2013) - Co-Signer, Inc. (OTCQB: COSR), announced today that it has appointed Mr. Ed Arguelles of Chula Vista, CA to its Board of Directors. Mr. Arguelles is an accomplished businessman who has developed both wholesale and retail distribution channels for companies and clients. Mr. Arguelles' breadth of experience includes selling products and services as well as developing and managing service support operations in both commercial and consumer markets. Mr. Arguelles has specialized for the past 20 years in the IT service sector and was a pioneer in providing wireless communications and wireless aftermarket product, services, and support.
"We are very pleased for our shareholders that Mr. Arguelles has joined the Board of Directors for Co-Signer, Inc. His depth and breadth of knowledge and experience will be instrumental in guiding the company and will benefit as well our wholly-owned subsidiary, Co-Signer.com, the nation's premier provider of residential rent assurance. Mr. Arguelles is an entrepreneur and businessman that is familiar with the challenges of developing a new business, of providing a new service or product unfamiliar to both consumers and businesses, and knows how to charter the waters of an ever-changing landscape of IT technology," said Mr. Darren Magot, the Company's Interim CEO, President and Chairman of the Board.
For those interested in more information regarding any topics presented in this press release, they are encouraged to reference the 8K report filed with the SEC.
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.