WikiLoan, Inc. (WKLI.OB) Announces Major Deal, Revenues to Potentially Top $20 Million

QualityStocks would like to highlight WikiLoan, Inc. (OTCBB: WKLI). WikiLoan is a Social Network with a focus on finance.  At WikiLoan.com, family and friends can borrow and lend money among themselves at rates suitable to their respective needs. The company's website provides repayment schedules and documentation for loans, along with proprietary administrative tools, which enable users to securely pull credit reports and automate the loan repayment process.

In the company’s news Friday,

WikiLoan, Inc. announced after the closing bell that it has signed a definitive 2 year agreement with SDI Distributors NJ, Inc. (SDI) to develop up to 5 million “Wiki” branded phone and cash equivalent cards to be sold through SDI to more than 20,000 retail locations.

According to the press release, the agreement could generate as much as $20 million in revenue over the next two years. This agreement would also allow WikiLoan’s brand to gain valuable exposure to millions of users throughout the country.

“I’m truly excited that we have begun to execute our strategy outlined earlier this year. The deal to develop and market ‘Wiki’ branded products sold through SDI to the retail locations it reaches will not only generate substantial cash flow, but will advertise our services to millions of people in our target market,” stated Marco Garibaldi, WikiLoan’s Founder and CEO.

“Working with WikiLoan allows SDI to leverage our brick and mortar presence with innovative technology to expand our product offering to our existing customer base, which is a constant goal for our company,” commented Sohel Kapadia, SDI CEO.

“We are fortunate to have signed a deal with one of the largest phone card distributors in the country. SDI’s distribution points will provide WikiLoan exposure to millions of customers nationwide,” added Edward C. DeFeudis, WikiLoan’s Founder and President.

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Forward-Looking Statement:

This release may contain 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 forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.