IEG Holdings Corporation Announces IEGH Upgrade From OTC Pink to OTCQB and Completion of 1:100 Reverse Stock Split
LAS VEGAS, NV--(Marketwired - June 17, 2015) - IEG Holdings Corporation (IEGH) announced today that it upgraded from the OTC Market Group's OTC Pink tier to the OTCQB tier on June 9, 2015 and completed its 1:100 Reverse Stock Split today, June 17, 2015. As previously announced, IEG Holdings filed a listing application with NASDAQ. After the listing application is approved, IEG Holdings expects that its common stock will be traded on the NASDAQ Global Market.
IEG Holdings' trading symbol is IEGH. However, for a 20-day period following effectiveness of the Reverse Stock Split, a 'D' is affixed to the trading symbol, resulting in a temporary trading symbol of IEGHD.
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About IEG Holdings Corporation
IEG Holdings Corporation (IEGH) provides online unsecured consumer loans under the brand name "Mr. Amazing Loans" via its website, www.mramazingloans.com, in 13 states. The Company offers loans of $5,000 or $10,000 over a term of five years at a 19.9% to 29.9% APR. IEG Holdings plans future expansion internationally to Canada, Philippines and India. For more information about the Company, visit www.investmentevolution.com.
Forward-Looking Statements
This press 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. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company's registration statement on Form S-1, as amended, as updated from time to time in our filings with the Securities and Exchange Commission. 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.
