International Merchant Advisors Receives Independent Valuation of $9.7 Million on Recent Acquisition of FlashCashNow.com
KINGWOOD, Texas, Feb. 3 /PRNewswire-FirstCall/ -- International Merchant Advisors, Inc. (Pink Sheets: IMAI) www.imaiinc.com CEO Mel Roseman announced today that the Company has received an independent corporate valuation by Lehrer Financial Economic Advisory Services of Houston, Texas for the recent acquisition of FlashCashNow.com.
Mr. Roseman stated that, "In the process of evaluating the acquisition of FlashCashNow.com, we wanted an independent opinion of its value to our shareholders. Dr Lehrer's analysis, utilizing published industry price/earnings ratios and estimated future earnings of the company, has valued FlashCashNow.com at approximately $9,700,000. While there are no guarantees that we could receive this value today, this certainly indicates that we made an excellent acquisition that will provide future value for our shareholders and gives us a strong base to build upon by adding other possible payday loan/marketing acquisitions such as OleDinero." www.oledinero.com
The valuation is based upon, among other things, a comparative market value of companies in the same or similar businesses and data containing "dispersed organizations in relation to geographic area, size, average revenues, mark-ups utilized and a host of other economic data."
Dr. Kenneth Lehrer is a Consulting/Forensic Economist with degrees in Finance, Banking, Economics and a Doctorate in Urban Economics from New York University. Dr. Lehrer was also an Adjunct Professor of Finance at the University of Houston, Graduate School of Business Administration for 20 years.
About: International Merchant Advisors, Inc.
International Merchant Advisors, Inc. (IMAI) www.imaiinc.com is an international business banker and builder of companies. IMAI provides direct access to the critical tools necessary to satisfy the growth requirements of international emerging and re-emerging public and private companies. These tools include providing strategic advisory services, capital raising strategies, direct access to capital markets, and organizational development and business plan execution. In addition, International Merchant Advisors, Inc., through its subsidiaries, provides consumer loan leads for other national lenders in the United States.
Forward-Looking Statements
This 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, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
SOURCE International Merchant Advisors, Inc.
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