BOCA RATON, Fla., Sept. 24, 2018 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY, “FlexShopper”), a leading
national online lease-to-own (“LTO”) retailer and LTO payment solution provider, announced today that it has been awarded U.S.
Patent Number 10,089,682 from the United States Patent and Trademark Office (the “USPTO”) for its system that enables e-commerce
servers to complete LTO transactions through their e-commerce websites. Pursuant to the issue notification received from the USPTO,
the projected patent issue date is October 2, 2018.
Brad Bernstein, CEO, stated, “The issuance of this patent represents a significant milestone for FlexShopper and
underscores our continuous innovation to LTO payment technology. We believe this patent will constitute a significant
differentiator for us as we seek to continue to build our position as a leading LTO payment solution provider and national LTO
retailer.”
About FlexShopper
FlexShopper, LLC, a wholly owned subsidiary of FlexShopper, Inc. (FPAY), is a financial and technology company that provides brand name electronics, home
furnishings and other durable goods to consumers on an LTO basis through its ecommerce marketplace (www.FlexShopper.com) and LTO payment method. FlexShopper also provides LTO technology
platforms to retailers and e-retailers to facilitate transactions with consumers that want to acquire their products, but do not
have sufficient cash or credit. FlexShopper approves consumers utilizing its proprietary consumer screening model,
collects from consumers under an LTO contract and funds the LTO transactions by paying merchants for the goods. Follow us
on Facebook or Twitter @FlexShopper.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. Certain statements in this
press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from
those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the
Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most
recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q. We urge you to consider those
risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we
disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained
herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or
circumstances on which any such statement is based.
IR Contacts:
Jeremy Hellman
Senior Associate
The Equity Group
212-836-9626
jhellman@equityny.com
FlexShopper, Inc.
Investor Relations
ir@flexshopper.com
