WikiLoan, Inc., a financial social network, announced after the closing bell that it has signed a definitive 2 year agreement with SDI Distributors NJ, Inc. (SDI) to develop up to 5 million “Wiki” branded phone and cash equivalent cards to be sold through SDI to more than 20,000 retail locations.
According to the press release, the agreement could generate as much as $20 million in revenue over the next two years. This agreement would also allow WikiLoan’s brand to gain valuable exposure to millions of users throughout the country.
“I’m truly excited that we have begun to execute our strategy outlined earlier this year. The deal to develop and market ‘Wiki’ branded products sold through SDI to the retail locations it reaches will not only generate substantial cash flow, but will advertise our services to millions of people in our target market,” stated Marco Garibaldi, WikiLoan’s Founder and CEO.
“Working with WikiLoan allows SDI to leverage our brick and mortar presence with innovative technology to expand our product offering to our existing customer base, which is a constant goal for our company,” commented Sohel Kapadia, SDI CEO.
“We are fortunate to have signed a deal with one of the largest phone card distributors in the country. SDI’s distribution points will provide WikiLoan exposure to millions of customers nationwide,” added Edward C. DeFeudis, WikiLoan’s Founder and President.
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