Kibush Capital Completes Acquisition Of Micro Lender

MELBOURNE, Australia, Oct. 15, 2013 /PRNewswire/ -- Kibush Capital Corporation (OTC: DLCR) is pleased to announce that it has completed the acquisition of 80% of the Australian company Instacash Pty Ltd. InstaCash is a Micro Lender licensed to provide financial products, the demand for which is rapidly increasing in an underserved market because of stringent new government regulations to which the Company adheres.

Kibush Capital said InstaCash is positioned for significant growth and DLCR will assist in the development of the company to meet expected demand in a market in which new competitors cannot easily enter. DLCR is establishing an advisory committee to compliment the board of InstaCash in overseeing the company. Kibush Capital welcomes Charmaine Rose who has accepted a position on that committee. Charmaine has over 22 years of experience both domestically and internationally in a wide range of financial and non-financial institutions. She has expertise in compliance, strategic financial and business performance management, capital management, financial systems, and training and development.

This will serve as a business model for future businesses to be acquired by Kibush Capital.

About Kibush Capital Corporation:

Kibush Capital identifies companies with proven products that can be sold immediately to produce revenue.  It is looking for opportunities that can be scaled up quickly and Kibush Capital will provide the management and financial expertise to move its acquisition to another level.

Contact: 

Paul Knopick
E & E Communications
[email protected]
940-262-3584

SOURCE Kibush Capital Corporation