Entries by Phil Marleau

IOU Financial Inc.’s Results for the Three Month Period

Montreal, May 23, 2014 – IOU FINANCIAL INC. (“IOU” or “the Company”; ticker symbol IOU/TSX-V) recorded revenue for the quarter ended March 31, 2014 of $1,344,401 versus $476,665 for the quarter ended March 31, 2013. The Company closed its first quarter of fiscal 2014 with a net loss attributable to common shareholders of $414,784, or […]

IOU Financial Announces that it has Entered into a New Agreement to Sell Loans to the Palos/IOU High Yield Fund

MONTRÉAL, April 25, 2014 – IOU Financial Inc. (“IOU Financial”) (TSX Venture Exchange: IOU) is pleased to announce that it has entered into a new agreement with Palos Management Inc. and the Palos/IOU High Yield Fund (the “Fund”), a fund managed by Palos Management Inc., whereby its wholly-owned US subsidiary, IOU Central Inc., will have […]

IOU Financial Appoints Chief Technology Officer

Montreal, Quebec, April 22, 2014 — IOU Financial Inc. (TSX Venture Exchange: IOU) (“IOU Financial” or the “Company”) today announced the appointment of Mr. Paul Hamilton as its Chief Technology Officer. Mr. Hamilton is responsible for developing the Company’s overall technology vision, driving cross-company engineering initiatives and collaborations as well as overseeing the planning, execution […]

New Addition to Board of Directors

MONTREAL, March 7, 2014 – IOU Financial Inc. (“IOU Financial”) (CSE: IOU) is pleased to announce that Mr. David Cynn has joined its Board of Directors. Mr. Cynn is a Partner at Killearn Capital, a New York private equity firm focused on specialty finance companies. Prior to joining Killearn Capital, Mr. Cynn was a Partner […]

Renewal and Increase of IOU Financial’s Credit Facility

MONTRÉAL, Québec, February 12, 2014 – IOU Financial Inc. (“IOU”) (CNSX: IOU), an online lender to small businesses, announced today that Accord Financial Inc. (TSX: ACD) has exercised its option to extend IOU’s current credit facility by an additional one-year term, being up to June 14, 2015, by providing IOU an increase in such credit […]

Approval to List on the TSX Venture Exchange

Montreal, Quebec, January 23, 2014 — IOU Financial Inc. (CSE: IOU) (“IOU Financial” or the “Company”), is pleased to announce that it has received conditional approval from the TSX Venture Exchange (“TSX-V”) to list its Class B common shares on the TSX-V. A migration from the CSE to the TSX-V is considered to be an […]

IOU Financial Sells Loans to the Palos/IOU High Yield Fund

MONTRÉAL, January 8, 2014 – IOU Financial Inc. (“IOU Financial”) (CNSX: IOU) is pleased to announce that it has entered into an agreement with Palos Management Inc. and the Palos/IOU High Yield Fund (the “Fund”), a fund managed by Palos Management Inc., whereby its whollyowned US subsidiary, IOU Central Inc., will have the opportunity, but […]