SOURCE: IEG Holdings Corp.

IEG Holdings Corp.

November 02, 2015 08:00 ET

IEG Holdings Corporation Announces Mr. Amazing Loans Record Q3 Revenue and Strong Loan Volume Growth

IEG Holdings Breaks $10 Million US Cumulative Loan Volume Level and Plans Further Aggressive State Expansion Over the Next 6 Months

LAS VEGAS, NV--(Marketwired - November 02, 2015) - IEG Holdings Corporation (OTCQB: IEGH) announced today that its Q3 three month total revenues increased 272% from $145,159 in 2014 to $539,867 in 2015 and Q3 nine month total revenues increased 453% from $239,832 in 2014 to $1,327,329 in 2015, driven by continued strong loan volume growth. Since January 2014, cumulative loan volume has increased by 1,669% from $587,000 to $10,384,023 as of October 31, 2015. Other highlights of Q3 were the full repayment of all debt and an increase in net assets to $8.53 million. Please visit http://ir.investmentevolution.com/financial-results for a copy of IEGH's full quarterly report on Form 10-Q, as filed with the Securities and Exchange Commission.

The rapid loan volume growth is being driven by the online lending website, www.mramazingloans.com, low acquisition cost lead sources and continued state license expansion. Since July 2015, IEGH has increased the number of US states in which it offers consumer loans from 13 to 16, adding California, Alabama and Louisiana. Management aims for IEGH to be in a position to offer loans in 25 US states by early 2016, covering approximately 250 million people and representing 80% of the US population.

As previously announced, IEGH applied to list its common stock on The NASDAQ Stock Market. If the listing application is approved, IEGH expects that its common stock will be traded on the NASDAQ Capital Market. There is no assurance that the listing application will be approved.

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About IEG Holdings Corporation

IEG Holdings Corporation (OTCQB: IEGH) provides online unsecured consumer loans under the brand name "Mr. Amazing Loans" via its website, www.mramazingloans.com, in 16 US states. The Company offers $5,000 loans over a term of five years at a 23.9% to 29.9% APR. IEG Holdings plans future expansion to 25 US states by early 2016. For more information about the Company, visit www.investmentevolution.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company's registration statement on Form S-1, as amended, as updated from time to time in our filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

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