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LAS VEGAS, NV / ACCESSWIRE / April 1, 2019 / Mr. Amazing Loans Corporation (“Mr. Amazing Loans”) (OTC PINK: MRAL) today announced that its Sole Director has approved a share buyback program authorizing the repurchase on the open market of up to $ 2,000,000 of its common shares. Purchases under the program are permitted until December 31, 2019.
Paul Mathieson, President, CEO, CFO, Sole Director and 40.1% shareholder of Mr. Amazing Loans, said: “The open market share buyback program reflects our commitment to increasing value for investors. shareholders. “
As part of the program, Mr. Amazing Loans plans to repurchase shares of his common stock in open market transactions in accordance with federal securities laws. Management will determine the actual timing, number and value of shares repurchased under the program, which will depend on a number of factors, including the price of the common shares, general market and economic conditions and applicable legal requirements. .
Mr Amazing Loans also announced today that his net loss for the year 2018 fell to its lowest level of loss in the history of the company and also fell 57.1% from levels of year 2017. Since January 2015, the cumulative volume of loans increased by 207%, from $ 5,549,023 to $ 17,064,023 as of December 31, 2018. Please visit https://ir.mramazingloans.com/financial-results for a copy of Mr. Amazing Loans’ Annual Report on Form 10-K, as filed with the Securities and Exchange Commission.
About Mr. Amazing Loans Corporation
Mr. Amazing Loans is a Securities and Exchange Commission (“SEC”) reporting financial technology company that offers unsecured consumer loans of $ 5,000 and $ 10,000 online under the brand “Mr. Amazing Loans.” Amazing Loans ”through its website and online application portal. Mr. Amazing Loans is a direct lender with state licenses and / or Certificates of Authority in 19 US states and all loans are issued, processed and managed from our centralized headquarters in Las Vegas, NV. For more information on Mr. Amazing Loans, please visit https://ir.mramazingloans.com.
This press release contains forward-looking statements. All statements other than statements of historical fact included in this press release are forward-looking statements. In some cases, forward-looking statements may be identified by words such as “believe”, “expect”, “anticipate”, “plan”, “potential”, “continue” or similar expressions. These forward-looking statements involve 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 documents filed by Mr. Amazing Loans with the SEC. Investors should not place undue reliance on forward-looking statements, as they involve known and unknown uncertainties and other factors which, in some cases, are beyond the control of Mr. Amazing Loans that could, and are likely to, significantly affect the results. actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Mr. Amazing Loans’ current views regarding future events and is subject to such and other risks, uncertainties and assumptions regarding operations, results of operations, growth strategy and liquidity. . Mr. Amazing Loans assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons why actual results could differ materially from those anticipated in such forward-looking statements, although new information becomes available in the future. .
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Mr. Amazing Loans Corporation
Chairman and CEO and founder
SOURCE: M. Amazing Loans Corporation