SOURCE: IEG Holdings Corp.

IEG Holdings Corp.

December 02, 2014 08:00 ET

Paul Mathieson, IEG Holdings Corporation Chairman, Announces Mr. Amazing Loans International and Domestic Expansion Plus USA Loan Volumes Now Exceed $5 Million

IEGH Breaks $5 Million USA Cumulative Loan Volume Level, Re-Launches Australian Operations and Plans Further Aggressive International and Domestic Expansion Over the Next 12 Months

LAS VEGAS, NV--(Marketwired - December 02, 2014) - IEG Holdings Corp. (OTC PINK: IEGH), announced today the re-launch of lending in Australia at and plans to further expand internationally online during 2015 to add a further 1.45 billion global population coverage to its existing expanding US and Australian operations. The planned countries for international expansion (including their populations) where the market demand for consumer finance is already strongly developed and growing are Canada (35m), United Kingdom (64m), Philippines (98m) and India (1,250m). In addition the company was approved for its Texas lending license (26.5m population) and will begin funding consumers in this 9th licensed US state this week.

Paul Mathieson, Chairman/CEO and Founder of IEG Holdings Corporation stated "It is exciting to resume lending in Australia under the revamped brand with an outsourced low-overhead online operation with centralized marketing and funding provided from our Las Vegas head office. We anticipate strong medium term demand for our product in Australia at a higher margin than the US. The Australia re-launch combined with our planned expansion in 2015 to Canada, UK, Philippines and India is another step closer to our medium term goal of being the global leader in consumer finance."

IEGH also announced that since launching online lending in July 2013, cumulative US loan volume has increased by 2040% from $237,000 to $5,071,022 as at November 28 2014, after lending a further $772,002 in November. The rapid loan volume growth is being driven by leading online lending website, joint venture arrangements with low acquisition cost lead sources and continued state license expansion.

$100m Funding, S-1 and NASDAQ Up-Listing Intention Update

IEGH is aiming to close its new $100m debt facility in late December 2014. IEGH plans to lodge its S-1 registration statement with the SEC in early December having now completed its 30th September Quarterly Audit Review. IEGH intends to up-list from OTC Pink to OTCQB upon clearance by SEC of S-1 registration statement. The intention is to further up-list to NASDAQ in April 2015.

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About IEG Holdings Corp.

IEG Holdings Corporation (OTC PINK: IEGH) provides unsecured consumer loans under the brand name "Mr. Amazing Loans" via its websites in USA and in Australia. After lending approximately $48 million to over 11,500 borrowers in Australia, the Company Founder and Chairman/CEO Paul Mathieson moved to the US market in 2008 to replicate the successful business model. IEGH operates online in the US covering the 9 US states of Nevada, Arizona, Illinois, Florida, Georgia, Missouri, Virginia, New Jersey and Texas. IEGH is rapidly expanding and plans to offer loans in 25 US states covering approximately 250 million people equating to 80% of the US population by early 2015. IEGH operates online in Australia covering all 6 states plus all territories. The Company offers loans of $5,000 or $10,000 over a term of five years with an 18% to 29.9% APR in the US and a 39.9% APR in Australia. IEGH plans to expand internationally to Canada, UK, Philippines and India in 2015. IEGH also intends to up-list to NASDAQ in April 2015. For more information about the Company, visit

Forward Looking Statements

This press release contains 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. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. 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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