LFLS Loans4Less com Inc (PK)

Loans4Less.com (Pink Sheets: LFLS) announced that revenues for the period ended December 31, 2010 increased 23% from $464,097 to $572,909 compared to the period ended December 31, 2009 as per posted Annual Report.

The Company is seeking to raise capital for its balance sheet to advance its ongoing plan of operations, pay off or reduce its obligations, obtain audited financial statements with the aim of becoming a fully-reporting company, invest in a new platform of technologies in order to facilitate increasing revenues through aggressive advertising and marketing with the main goal of developing a recognizable new national loan brand name. The Company is seeking licensing and/or Joint Venture arrangements in other loan products in order to effectively brand Loans4Less.com as more of a general loan consumer portal site using mortgages as a base service.

 

Loans4Less.com Financial Data

                     

For the PeriodsEnded Dec. 31,

2010

               

2009

  Revenues $ 572,909 $ 464,097 Income $ 396,456 $ 71,760  

Balance Sheet

Assets $ 25,181 $ 15,089 Liabilities $ 239,735 $ 283,067