IEG Holdings Corporation Announces the Dissemination of Growth Stock Report by DME Capital, LLC
LAS VEGAS, NV--(Marketwired - July 02, 2014) - IEG Holdings Corp. (IEGH) announced DME Capital, LLC has issued a Growth Stock Report on IEGH with a target price of $2.25 per share.
The Growth Stock Report provides detailed information about IEG Holdings Corporation dba Mr. Amazing Loans. Moreover, the 12-page report highlights recent accomplishments including growth in its loan book, management biographies, growth charts among other detailed information.
Mr. Paul Mathieson, IEG Holdings CEO, stated, "After receiving the report I was very pleased with the finished product, especially the detailed information DME included in the report. We believe the efforts we have undertaken during the past 2-years have resulted in significant growth during the past few quarters and the foundation to expand our loan book to our medium term $100 million target without adding any major overhead expenses."
The complete report is available at www.otcmarkets.com/stock/IEGH/research
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About IEG Holdings Corp.
IEG Holdings Corporation (IEGH) provides unsecured consumer loans under the brand name "Mr. Amazing Loans" via its website www.mramazingloans.com. After lending approximately $48 million to over 11,500 borrowers in Australia, the Company Founder and Chairman/CEO Paul Mathieson moved to the U.S. market in 2008 to replicate the successful business model. IEGH now operates online in the USA covering the 8 U.S. states of Nevada, Arizona, Illinois, Florida, Georgia, Missouri, Virginia and New Jersey. IEGH is rapidly expanding and plans to offer loans in 33 states covering 90% of the USA population by late 2014. The Company launched advertising for its online loan origination platform in mid-2013, partnering with top lead generators in the United States. The Company's loans range in value from $3,000 to $10,000 and have a term of four to five years with a 19.9% to 29.9% APR. Significant growth is expected from the online loan origination business, which has the potential to scale much more rapidly and at a higher net margin than the previous brick-and-mortar business. IEGH intends to up-list to NASDAQ in April 2015. For more information about the Company, visit www.investmentevolution.com.
About DME Capital LLC
DME Capital LLC is an independent, employee owned 'Wall Street Firm' that has diversified operations serving publicly traded companies listed / traded on the New York Stock Exchange, AMEX, NASDAQ, OTCBB and Toronto Stock Exchange. DME Capital LLC invests in companies through open market purchases, direct investments, PIPE's, IPO's, secondary offerings, private transactions, equity lines, convertible notes, short and long term loans. DME Capital LLC is a value-added private capital investment firm and a full service investment and financial consulting organization, dedicated to helping small and micro-cap growth-oriented public companies emerge as industry leaders. Since inception, DME Capital has enjoyed a higher than average internal rate of return on its investments. DME's primary objective is to identify investments in public companies that can provide above-average returns on invested capital.
Forward Looking Statements
This press release contains 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. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
