Best part of the news today (besides the obvious),

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Posted On: 02/14/2017 8:38:57 PM

Posted By: Chicks4Free

Re: Chicks4Free #93

Best part of the news today (besides the obvious), imo:

With the LOC, Title King's first flagship store will have the power to aggressively solicit new loans through local marketing, offer to "buy-out/refinance" borrowers from competition and solicit to purchase existing portfolios from other storefronts.The Lenders are open to increasing the amount of the LOC if a qualified acquisition is identified, which the Company continues to pursue.

BestTitleDeal App: The Company has asked that its tech team create a tutorial on the App that will instruct users how to download the App, create an account, apply for a loan and the ultimate benefits to the Company once it enters cross marketing agreements with local insurance partners and beyond.The App allows Title King to tap into the broader $6B title loan industry.

Filings: The Company has also paid a substantial deposit to its auditors to begin the process of auditing missing periods in the Company's most recent years.The Company is committed to returning to a fully reporting status and a higher OTC tier.

Jeff Canouse, CEO, commented: "Clearly a lot of work has been going on behind the scenes and securing this LOC is a truly significant milestone. Not only will the LOC give our flagship store the muscle it needs to get cash flow positive, but it also gives us the confidence to truly plan for additional stores. At a One Hundred Twenty-Seven percent (127%) APR, having Two Hundred Fifty Thousand ($250,000) out in loans is a huge deal. Investors can also look forward to more updates in the near term regarding important progress with our BestTitleDeal app."