Loans4Less.com, Inc. (LFLS) Reports Preliminary 2012 Financial Results
Earlier this morning, Loans4Less.com provided certain preliminary financial results for the year ended December 31, 2012. Revenues for the year are expected to increase by approximately 61% compared to the prior year. Annual Net Ordinary Income is 41% greater compared to 2011. An improvement of $58K in the balance sheet is also anticipated with $98K in revolving debt paid off from free cash flow. According to today’s press release, the complete 2012 annual report and financial results will be posted in due course. E&OE. Loans4Less.com projects the mortgage origination market will stay very active this year even though lender underwriting…