Montreal, Quebec--(Newsfile Corp. - May 31, 2013) - IOU Financial Inc. (CNSX: IOU) ("IOU" or the "Company") today announced that pursuant to its Stock Option Plan, it has granted options entitling the independent directors of the Company to acquire up to an aggregate of 105,000 Class B common shares of the Corporation (the "Shares") at an exercise price of $0.41 per Share. These options vest over a three-year period, with one-third (1/3) which vest immediately, and one-third (1/3) which shall vest on each of the first and second anniversaries of the date of the grant. Each option is exercisable for a period of five years from the date of the grant, provided that it has vested.
About IOU Financial
IOU Financial, via its U.S. subsidiary, IOU Central, provides small businesses throughout the U.S. access to the capital they need to seize growth opportunities quickly. Typical customers include medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and e-commerce companies. In a unique approach to lending, IOU Central's advanced, automated application and approval system accurately assesses applicants' financial realities, with an emphasis on day-today cash flow trends. It makes loans of up to $100,000 to qualified applicants within a few business days, with affordable charges favorable to cash-flow management. IOU Central's speed and transparency make it a trusted alternative to banks. To learn more visit: www.ioucentral.com
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release are forward-looking and are subject to numerous risks and uncertainties, known and unknown. For information identifying known risks and uncertainties, relating to liquidity risks, risks inherent in growing a new business, dependence on third-party service providers, credit risks, competition, regulatory risk, and assumptions that could cause the company's actual results to differ from current expectations, please refer to the section "Risks and Uncertainties" of IOU's most recent Management's Discussion and Analysis ("MD&A"), which may be consulted at www.sedar.com. IOU cautions that the foregoing list of factors is not exhaustive. The forward-looking statements presented in the MD&A reflect IOU's expectations as at the date of the MD&A. IOU Financial does not undertake any obligation to update publicly or to revise any such forward-looking statements, unless required by applicable legislation or regulation.
For more information, please contact:
Philippe Marleau
Chief Executive Officer
(514) 789-0694 ext. 225
Mayco Quiroz
Chief Financial Officer
(514) 789-0694 ext. 298
The Canadian National Stock Exchange (CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
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