FlexShopper, Inc. Reports 203% Growth In 2015 Lease Originations and Strong Holiday Season
BOCA RATON, Fla., Feb. 9, 2016 /PRNewswire/ -- FlexShopper, Inc. (OTCQB Symbol: FPAY, "FlexShopper") announced today that gross lease originations increased 203%, from 13,064 for the year ended December 31, 2014 to 39,565 for the year ended December 31, 2015.
Brad Bernstein, CEO, stated, "As previously reported, November 2015 was a very strong lease origination month for FlexShopper and this momentum continued until Christmas such that we originated over 10,000 leases in December alone, primarily through our ecommerce marketplace, www.FlexShopper.com. We are very pleased that our technology and customer service department met customer demand. I answered calls in our call center and heard firsthand how our offering resonated with customers during the holidays; one customer told me that if it were not for FlexShopper, her children would not have Christmas gifts. We're pleased to have this positive impact for many families and consumers that don't have good credit or cash. We're also happy to share our success with our retail partners who received increased orders from FlexShopper. It's great to start 2016 after having a strong holiday season."
FlexShopper, LLC, a wholly owned subsidiary of FlexShopper, Inc. (FPAY) is a financial and technology company that provides brand name durable goods to consumers on a lease-to-own (LTO) basis through its ecommerce marketplace (www.FlexShopper.com) and patent pending LTO payment method. FlexShopper also provides LTO technology platforms to retailers and e-tailers to enter into transactions with consumers that want to obtain durable goods, but do not have sufficient cash or credit. FlexShopper also funds the LTO transactions by paying merchants for the goods and collecting from consumers under an LTO contract.
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 of 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.
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SOURCE FlexShopper, Inc.