SOURCE: WikiLoan

WikiLoan

September 08, 2009 08:00 ET

WikiLoan Launches New Feature

Wikinvite Allows Users to Extend Email Invitations to Family and Friends

DELRAY BEACH, FL--(Marketwire - September 8, 2009) - WikiLoan, Inc. (OTCBB: WKLI), a financial social network, today launched a new initiative as part of "Meet the Borrowers" that empowers users to invite their family and friends to view their loan listings at http://www.wikiloan.com. The new feature called "Wikinvite" allows users to upload email addresses from their favorite provider and send an invitation to their family and friends to view and potentially lend to the person in need.

"Initially our website only allowed users to calculate their credit rating, debt-to-income ratio, set up repayment schedules, and input their terms for the loan. Now through Wikinvite, we are providing users an easier way to reach out to their loved ones for help. The best part is that family and friends can view the listing anonymously removing the awkwardness of determining whether or not to give their loved one a loan," said Edward C. DeFeudis, WikiLoan president.

"Furthermore, this initiative also serves as a grassroots marketing effort, greatly enhancing our exposure exponentially as borrowers introduce our company to their family and friends via email."

About WikiLoan

WikiLoan is a Social Network with a focus on finance. At WikiLoan.com, family and friends can borrow and lend money among themselves at rates suitable to their respective needs. The company's website provides repayment schedules and documentation for loans between family and friends, along with proprietary administrative tools, which enable users to securely pull credit reports and automate the loan repayment process.

Investors may contact: WikiLoan, Inc., 561-856-5310 or Frank Hawkins or Julie Marshall, Hawk Associates at 305-451-1888, e-mail wikiloan@hawkassociates.com.

This release contains various 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, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third party manufacturers to produce components on a basis which is cost-effective to the company, market acceptance of the company's products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.

Contact Information

  • Contacts:

    WikiLoan, Inc.
    561-856-5310

    Frank Hawkins or Julie Marshall
    Hawk Associates
    305-451-1888
    e-mail Email Contact