A strategy has begun by WikiLoan, Inc. to serve the unbanked and underbanked consumer market, which exceeds 28 million in the US. By April 1, 2010 WKLI plans to have the "Wiki" branded cards hit the marketplace. They are anticipating up to 5 million “Wiki” cards to be sold, which will result tens of millions of consumers being exposed to the "Wiki" brand through various advertising collateral.
"What's so special about this deal is that the distribution points are primarily located within immigrant communities and run by local merchants. Often within these neighborhoods, storeowners directly educate consumers about various products and services. We intend to capitalize on these relationships by offering products that address the needs of the local consumer while giving them a great value. The company believes that the local footprint will bridge the cultural gap, build trust and strengthen the speed of adoption of "Wiki" branded products," said Edward DeFeudis, Founder and President of WikiLoan.
"WikiLoan is perfectly positioned to fill the needs in this community by giving consumers a resource for short-term loans with extremely low fees, fast identity verification methods, and the creation of payment histories, which may help build credit," said Marco Garibaldi, Founder and CEO of WikiLoan. "WikiLoan will continue our focus to build out technology to accommodate the needs of the market, and eventually attract them toward more traditional and profitable products in the future."
Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move.
Sign Up for our Free Stock Newsletter
WikiLoan, Inc., a development stage company, focuses on providing peer-to-peer lending services. It intends to create an Internet-based lending community of individual borrowers and lenders that come together to make personal loans.
Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website
About Best Damn Penny Stocks
Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
