NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
BOCA RATON, Fla., Oct. 31, 2018 (GLOBE NEWSWIRE) -- Inspira Financial Inc. (“Inspira” or the
“Company”) (TSXV:LND), today posted its unaudited financial statements for the quarter ending August 31, 2018.
“We had a good quarter streamlining our billing business in advance of a potential sale,” said Chairman, Dr. Jaime
Gerber. “We continue to focus on turning our loan book to cash and completing transactions with our cash on hand.”
The Company’s financial statements for the three months ending August 31, 2018 and 2017, accompanying Management's
Discussion & Analysis (MD&A), have been filed on SEDAR and are available at www.sedar.com.
While the Company continues to consider its alternatives, and negotiate with potential purchasers of the billing
company, there can be no assurance that one or more viable transactions will result or successfully conclude in a timely manner, or
at all. Additional information will be released by the Company as it occurs. There can be no assurances that a transaction will be
undertaken or what the terms or timing of such transaction, including an acquisition for the billing or loan divisions, will be
acceptable to the Company or its shareholders.
Forward-Looking Statements
Certain statements contained in this press release constitute "forward-looking information" as such term is
defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Company, including:
the Company completing one or more transactions, including the sale of its billing company; the success and timing of collecting
defaulting loans, including the Company collecting additional principal, interest and fees for loans that have been provisioned;
and the Company completing a transaction with either of its two divisions, are intended to identify forward-looking information.
All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's
current views and intentions with respect to future events, and current information available to the Company, and are subject to
certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking
information. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such
forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize.
These factors include, without limitation: identification of partners to complete a transaction; successfully negotiating a
definitive agreement with a party to a transaction; the conditions to a transaction being satisfied or waived; applicable board,
shareholder, stock exchange, court and regulatory approval of any proposed transaction; changes in law; competition; the ability to
implement business strategies and pursue business opportunities; state of the capital markets; the availability of funds and
resources to pursue operations; dependence on debt markets and interest rates; demand for the lending products the Company offers
at interest rates higher than at which the Company can borrow; a novel business model; granting of permits and licenses in a highly
regulated business; difficulty integrating newly acquired businesses (including the billing company); new technologies; risk of
billing irregularities by borrowers; low profit market segments; general economic, market and business conditions; as well as those
risk factors discussed or referred to in the Company's disclosure documents filed with the securities regulatory authorities in
certain provinces of Canada and available at www.sedar.com. Should any factor affect the Company in an unexpected manner, or should
assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the
results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary
statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking
information. The forward-looking information included in this press release is made as of the date of this press release and the
Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable
law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Inspira Financial Inc.
David Forstadt
CEO/Director
1 (844) 877-7562
IR@inspirafin.com
www.inspirafin.com
