LOS ANGELES, Aug. 11, 2011 /PRNewswire/ -- WikiLoan, Inc. (PINKSHEETS: WKLI) (the "Company"), a peer-to-peer lending platform, announces today that it has launched a newly redesigned website that delivers a significantly improved user experience for both Borrowers and Lenders. The Company invites all shareholders to go to the website, www.wikiloan.com, and experience the enhancements for themselves.
"We have been working for several weeks to simplify the process on our website in order to attract and convert more customers. We have made substantial changes to our product offering, which include; lowering the Borrower Application fee to $24.95 from $49.00, allowing Borrowers and Lenders to create free Limited Listings, posting YouTube videos to their listings, and encouraging users to make use of our social network marketing tool, Wikinvite. Borrowers and Lenders will now be able to use Wikinvite to promote their listings through social networks, which in turn should fuel a viral network effect for both users and ultimately the Company. WikiLoan will store interest generated from the listings, and when the user feels that they have enough interest, they will be prompted to pay the $24.95 for the full Borrower Application package," said Edward C. DeFeudis, founder and president.
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, along with proprietary administrative tools, which enable users to securely pull credit reports and automate the loan repayment process.
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, 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.
Investors may contact:
Ben Hansel
(720) 288-8495
[email protected]
SOURCE WikiLoan, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article