WikiLoan Signs With Fenris, LLC

DELRAY BEACH, Fla., Feb. 2 /PRNewswire-FirstCall/ -- WikiLoan, Inc. (OTC Bulletin Board: WKLI), a financial social network, today announced that it has signed a non-exclusive agreement with Santa Monica, CA based Fenris, LLC to raise funds necessary to execute a proposed acquisition strategy.  

As part of the strategy, WikiLoan, Inc. seeks to acquire five companies and joint venture with another that compliment the short and long-term goals of the management.  The targeted acquisitions and joint venture feature a mix of high revenue, customer acquisition, complimentary businesses, and technology.  Such endeavor shall enhance the current business model and will certainly maximize shareholder value.

"We are happy to have the proven team of Fenris, LLC to help us unlock the capital necessary to execute our acquisition strategy, which shall help us meet our short and long-term goals. Upon execution, we will seek to hire an experienced acquisition lifecycle management team to assist with the integration," said Edward C. DeFeudis, WikiLoan's 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.

About Fenris

Fenris is a mergers & acquisitions firm.  For the past 15 years, the principals of Fenris have been involved in public and private entity operation, acquisition and merger management, as well as debt facility placement, capital investment, turnarounds, startup structuring and asset repurposing.  Fenris principals are responsible for raising in excess of $100 million in private capital and debt financing commitments of more than $800 million.  

Investors may visit the website, www.wikiloan.com, and click on the investor relations link for more information.

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:  Edward C. DeFeudis of WikiLoan, Inc., 561-865-5310

SOURCE WikiLoan, Inc.

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