Monday, June 21, 2010

WikiLoan, Inc. (WKLI.OB) Upgrades Platform and Improves Business Model

Located in Los Angeles, WikiLoan is a Social Network with a primary focus on money. WikiLoan allows friends and family to borrow and lend money among themselves at rates suitable to their respective needs with an interactive website that provides a multitude of tools to make finance easier. Today, WikiLoan took a major step towards enhancing its future by improving their business model and upgrading their platform.

WikiLoan has announced they are implementing the requisite changes that will enable the young company to expand its services. To help improve WikiLoan, the company has brought in Edward J. Heiser Jr. to lead their team in this endeavor.

Heiser Jr. is head of the Consumer Financial Services Group at the prestigious Milwaukee law firm Whyte Hirschboeck Dudek S.C. To help WikiLoan take the next step in the marketplace, Heiser Jr. has performed a comprehensive review of WikiLoan’s legal documents, disclosures, the position of its platform offering, and the ability of the company to offer its services in all 50 states.

When asked about the addition of Heiser Jr. and the firm Whyte Hirschboeck Dudek S.C., WikiLoan founder Edward DeFuedis was quoted as saying, “We were fortunate to have Edward Heiser and the Consumer Financial Services Group at Whyte Hirschboeck Dudek, one of country’s premier consumer finance law firms, perform this important initiative. In addition to allowing us to offer our services nationwide, this move provides clarity on key issues that our potential allies wanted us to address, which should help facilitate improved strategic opportunities going forward.”

Currently, WikiLoan is trading in the $0.25 range. With the addition of Edward Heiser Jr. and a service that is new to the marketplace, WikiLoan is a company on the move. The new platform, along with other company news, is located at WikiLoan’s website: www.wikiloan.com.

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