Growth Stock Reports

IEG Holdings Corp. (IEGH)

Category: Uncategorized

IEG Holdings Signs Leading Blockchain Software Consultants, Intellectsoft, for IEG Holdings Cryptocurrency Blockchain Developm

IEG Holdings Signs Leading Blockchain Software Consultants,
 Intellectsoft, for 
IEG Holdings Cryptocurrency Blockchain Development
Services and Reveals New Philippines Cryptocurrency Remittance Plans

LAS VEGAS, NV  -- (Marketwired) -- 02/26/18 --  IEG Holdings
Corporation ("IEG Holdings") (OTCQB: IEGH) announced today that its
wholly owned subsidiary, Investment Evolution Crypto LLC, ("IE
Crypto") has signed leading blockchain software consultants,
Intellectsoft LLC ("Intellectsoft") in Silicon Valley, California, to
provide blockchain development services for IEG Holdings'
cryptocurrency. In addition, IE Crypto plans to develop and launch a
new Philippines remittance and loan offering to US and Australian
based Filipino Overseas Foreign Workers ("OFWs") targeting the USD
$28 billion annual Filipino OFW remittance market. Prior to launching
these plans, IE Crypto will investigate the legalities and economic
risks and benefits of its plans. 

Intellectsoft - Leading Blockchain Software Consultants

IE Crypto has signed a contract with Intellectsoft to provide
blockchain development services for IEG Holdings' cryptocurrency,
including business and functional requirements analysis, market and
technical research and an estimation/development plan. Intellectsoft
has 6 offices in 5 countries including Silicon Valley, New York and
London with 200+ full-time developers and 35 Fortune 500 clients.
Intellectsoft is currently ranked as the Clutch.co "Top Blockchain
Developer" in 2018. Intellectsoft Blockchain Lab developers deliver
enterprise-grade blockchain solutions, consultancy, and custom
blockchain development services integrating the latest distributed
ledger technologies, identity solutions and smart contracts.

IEG Holdings Cryptocurrency, Updated IE Crypto Plans & Philippines
Cryptocurrency Remittance Plans
1.  IE Crypto now plans to create its own IEG Holdings cryptocurrency, and
    offer loans and accept loan repayments in its own IEG Holdings
    cryptocurrency. After further investigation, management no longer
    believes that it requires the backing of a gold resource for its IEG
    Holdings cryptocurrency in order to be able to provide its planned
    services utilizing the IEG Holdings cryptocurrency. Therefore, IE Crypto
    has terminated its previous negotiations to purchase a gold project with
    gold metal in the ground and prospecting licenses. 
2.  After further investigation, IE Crypto no longer plans to use other non-
    IEG Holdings cryptocurrencies for loans or loan repayments. If IEG
    Holdings proceeds with the use of a cryptocurrency for loans or loan
    repayments, it currently only intends to do so using its own IEG
    Holdings cryptocurrency. 
3.  IE Crypto plans to develop and launch a new Philippines remittance and
    loan offering to US and Australian based Filipino OFWs targeting the USD
    $28 billion annual remittance market.

IE Crypto is in the incipient stages of planning these potential
future actions.

Paul Mathieson, IEG Holdings' Chairman and Chief Executive Officer,
said, "We are very excited to have moved to the development stage for
our IEG Holdings cryptocurrency. We believe potentially combining the
exciting new blockchain technology with a leading sophisticated
online consumer finance system, individual US state lending licenses
and exposure to the Philippines $28 billion OFW remittance sector is
a very exciting proposition. We aim for IEGH to leverage off its
existing fintech business credentials, specifically its extensive
experience in online consumer loans, to potentially be a key player
in the crypto/blockchain sector." 

About IEG Holdings Corporation

IEG Holdings Corporation is an SEC reporting fintech company that
provides online $5,000 and $10,000 unsecured consumer loans under the
brand name, "Mr. Amazing Loans", via its website and online
application portal at www.mramazingloans.com. IEG Holdings is a
direct lender with state licenses and/or certificates of authority in
20 US states, with all loans originated, processed and serviced out
of our centralized Las Vegas head office. 

Investment Evolution Crypto LLC ("IE Crypto") is a wholly owned
subsidiary of IEG Holdings that plans to offer loans and accept loan
repayments in its own IEG Holdings cryptocurrency. IE Crypto also
plans to offer Philippines remittance and loan services to Filipino
OFWs based in the US and Australia utilizing IEG Holdings'
cryptocurrency. IE Crypto is in the development planning stages to
explore these crypto/blockchain business opportunities. For more
information about IEG Holdings, visit www.investmentevolution.com.

Forward-Looking Statements 

This press release contains forward-looking statements. All
statements other than statements of historical facts included in this
press release are forward-looking statements. In some cases,
forward-looking statements can be identified by words such as
"believe," "expect," "anticipate," "plan," "potential," "continue" or
similar expressions. Such forward-looking statements include risks
and uncertainties, and there are important factors that could cause
actual results to differ materially from those expressed or implied
by such forward-looking statements. These factors, risks and
uncertainties are discussed in IEG Holdings' filings with the SEC.
Investors should not place any undue reliance on forward-looking
statements since they involve known and unknown, uncertainties and
other factors which are, in some cases, beyond IEG Holdings' control
which could, and likely will, materially affect actual results,
levels of activity, performance or achievements. Any forward-looking
statement reflects IEG Holdings' current views with respect to future
events and is subject to these and other risks, uncertainties and
assumptions relating to operations, results of operations, growth
strategy and liquidity. IEG Holdings assumes no obligation to
publicly update or revise these forward-looking statements for any
reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the future.

The contents of IEG Holdings' website referenced herein are not
incorporated into this press release.


Contact:
Paul Mathieson
IEG Holdings Corporation
Chairman/CEO and Founder
info@investmentevolution.com

IEG Holdings Will Not Proceed with LendingClub Tender Offer

NEWS RELEASE TRANSMITTED BY Marketwired

FOR: IEG Holdings Corp.

OTCQB SYMBOL: IEGH

FEBRUARY 20, 2018

IEG Holdings Will Not Proceed with LendingClub Tender Offer

LAS VEGAS, NV --(Marketwired - February 20, 2018) -  IEG Holdings Corporation
(OTCQB: IEGH) ("IEG Holdings") today announced that it has determined
that it will not proceed with, and will terminate and withdraw, its offer (the
"Offer") to exchange 13 shares of IEG Holdings' common stock for
each share of common stock of LendingClub Corporation
("LendingClub"), up to an aggregate of 20,701,999 shares of
LendingClub's outstanding common stock.

Paul Mathieson, IEG Holdings' Chairman and Chief Executive Officer, said,
"Due to a comment that we received from the Securities and Exchange
Commission raising a concern that the Offer was improperly commenced, we have
determined to withdraw the currently filed S-4 registration statement".

Any shares that have been tendered by LendingClub stockholders have not yet
been accepted by IEG Holdings and will be promptly returned to the relevant
stockholders. In addition, we have instructed the depositary, exchange agent,
and information agent to direct stockholders how to recover any tendered
shares.

About IEG Holdings Corporation

IEG Holdings Corporation is an SEC reporting fintech company that provides
online $5,000 and $10,000 unsecured consumer loans under the brand name,
"Mr. Amazing Loans", via its website and online application portal at
www.mramazingloans.com. IEG Holdings currently offers $5,000 and $10,000
unsecured consumer loans that mature in five years. IEG Holdings is a direct
lender with state licenses and/or certificates of authority in 20 states --
Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana,
Maryland, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon, Pennsylvania,
Texas, Utah, Virginia and Wisconsin. IEG Holdings provides loans to residents
of these states through our online application portal, with all loans
originated, processed and serviced out of our centralized Las Vegas head
office.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other
than statements of historical facts included in this press release are
forward-looking statements. In some cases, forward-looking statements can be
identified by words such as "believe," "expect,"
"anticipate," "plan," "potential,"
"continue" or similar expressions. Such forward-looking statements
include risks and uncertainties, and there are important factors that could
cause actual results to differ materially from those expressed or implied by
such forward-looking statements. These factors, risks and uncertainties are
discussed in IEG Holdings' filings with the SEC. Investors should not
place any undue reliance on forward-looking statements since they involve known
and unknown, uncertainties and other factors which are, in some cases, beyond
IEG Holdings' control which could, and likely will, materially affect
actual results, levels of activity, performance or achievements. Any
forward-looking statement reflects IEG Holdings' current views with
respect to future events and is subject to these and other risks, uncertainties
and assumptions relating to operations, results of operations, growth strategy
and liquidity. IEG Holdings assumes no obligation to publicly update or revise
these forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in the
future.

The contents of IEG Holdings' website referenced herein are not
incorporated into this press release.


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:


Contact: 
Paul Mathieson
IEG Holdings Corporation
Chairman/CEO and Founder
info@investmentevolution.com

INDUSTRY:  Financial Services - Commercial and Investment Banking, Financial
Services - Investment Services and Trading, Financial Services - Personal
Finance, Financial Services - Retail Banking

SUBJECT:  STK

IEG Holdings Corp. (IEGH) Engages NetworkNewsWire for Corporate Communications Solutions

NEW YORK, Feb. 07, 2018 (GLOBE NEWSWIRE) — via NetworkWire – IEG Holdings Corp. (OTCQB:IEGH), a publicly traded, global leader in consumer finance providing small-sized online personal loans in the United States via a state-licensed operating subsidiary, Investment Evolution Corporation, under the consumer brand “Mr. Amazing Loans,” announces that it has engaged the corporate communications expertise of NetworkNewsWire (“NNW”).

In addition to its activities in the personal loan market, IEG Holdings and its wholly owned Investment Evolution Crypto subsidiary are exploring business opportunities in the cryptocurrency/blockchain industry.

“We believe combining blockchain technology, a hard asset like gold metal, a leading online consumer finance system and individual U.S. state lending licenses is a very exciting proposition,” said Paul Mathieson, IEG Holdings chairman and CEO. “As we embark on this initiative and continue working on our core mission, we are pleased to partner with NNW to communicate our progress to our shareholders.”

NNW is a multifaceted financial news and publishing company that delivers a new generation of social communication solutions, news aggregation and syndication, and enhanced news release services. NNW’s strategies help public and private organizations find their voice and build market visibility. As part of the Client-Partner relationship with IEG Holdings, NNW will leverage its investor-based distribution network of over 5,000 key syndication outlets, various newsletters, social media channels, blogs, and other outreach tools to generate greater brand awareness for the Company.

“IEG Holdings provides a unique investment opportunity in the fintech sector,” states Sherri Franklin, director of Content Marketing for NNW. “We look forward to assisting the company with a corporate communications campaign that effectively keeps the investment community up to date on its operations and technology.”

About IEG Holdings Corporation

IEG Holdings Corporation provides online $5,000 and $10,000 unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website, www.mramazingloans.com. In addition, IEG Holdings announced on December 22, 2017, that it has formed Investment Evolution Crypto, LLC, a wholly owned subsidiary of IEG Holdings (“Crypto”). Crypto will explore the legalities and economic risks and benefits of entering into a joint venture with Investment Evolution Corporation, a wholly owned subsidiary of IEG Holdings (“IEC”), to accept repayment of customer loans in the form of crypto/blockchain currencies such as Bitcoin, provide the crypto equivalent of $5,000 and $10,000 loans to customers, and also potentially create and issue an IEC cryptocurrency. Crypto has not begun operations and is in the development planning stages to explore these business opportunities in this time of changing technology. For more information about IEG Holdings, visit www.investmentevolution.com

IEG Holdings Corp. (IEGH) Aims to be Key Player in the Cryptocurrency/Blockchain Sector

IEG Holdings plans to create its own gold metal-backed cryptocurrency for consumer loans and consumer loan repayments
The company’s loans offer interest rates that are significantly lower than payday lenders
Adoption of blockchain technology offers substantial growth potential
On January 10, 2018, consumer loan provider IEG Holdings Corp. (OTCQB: IEGH) announced that its wholly owned subsidiary, Investment Evolution Crypto, LLC, is negotiating to purchase a gold project with prospecting licenses and known gold resources. The corporation plans to use a gold resource for the creation of its own gold metal-backed cryptocurrency, with a view to offering loans and accepting loan repayments through blockchain technology. Investment Evolution Crypto has not started mineral operations as yet, but it is currently developing plans to explore these crypto/blockchain opportunities. These efforts will include an evaluation of the legalities and associated economic risks.

Unlike other digital currencies like bitcoin, ether, Ripple and Litecoin, IEG Holdings’ cryptocurrency will be backed by gold and registered with the Securities Exchange Commission (SEC) as a security.

In a news release, the company’s chairman and CEO, Paul Mathieson, had this to say about the venture: “We believe potentially combining the exciting new blockchain technology with the hard asset of gold metal, expected SEC registration, a leading sophisticated online consumer finance system and individual U.S. state lending licenses is a very exciting proposition. In addition, we believe the future leaders of the crypto/blockchain sector will be companies that are materially compliant with all the existing and future related U.S. government legislation. We aim for IEGH to leverage off its existing fintech business credentials, specifically its extensive experience in online consumer loans, to potentially be a key player in the crypto/blockchain sector.”

IEG Holdings, based in Las Vegas, is a global leader in consumer finance and provides small-sized online personal loans to consumers in the United States. Through its operating subsidiary, Investment Evolution Corporation, the company offers loans under the brand “Mr. Amazing Loans.” Mr. Amazing Loans is a fintech company that specializes in providing loan amounts of $5,000 to $10,000 to consumers through a professional, user-friendly website. IEG Holdings’ loans are unsecured consumer loans with a five-year maturity period and interest rates that are significantly lower than payday lenders.

Through Mr. Amazing Loans, consumer loans receive same-day processing, with no prepayment penalty and no hidden or additional fees. Repayment interest rates are fixed at an annual percentage rate (APR) of 29.9 percent or less for the life of the loan.

According to the Center for Responsible Lending, typical payday lenders charge interest rates ranging from 391 percent to 521 percent APR on loans from $100 to $1,000 (http://nnw.fm/iH8Y8). Terms presented by Mr. Amazing Loans offer low fixed repayments which fit into consumer budgets in an effort to ensure that they strengthen their financial positions. Loans may be approved on the same day of application, and funds are deposited directly into approved consumers’ bank accounts.

IEG Holdings is licensed and/or holds certificates of authority to originate loans in 20 states, including Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon, Pennsylvania, Texas, Utah, Virginia and Wisconsin. All loans are processed and serviced through the company’s corporate offices in Las Vegas, which eliminates the need for physical offices in each state where the company is licensed to conduct business.

While IEG Holdings’ primary goal is to create its own gold metal-backed cryptocurrency, it will explore the acceptance of established digital currencies, like bitcoin, for consumer loan repayment. With its foray into the rapidly growing blockchain space, 2018 promises to be a year of substantial growth for the company.

For more information, visit the company’s website at www.InvestmentEvolution.com

 

IEG Holdings Corp. (IEGH) Intends to Create Cryptocurrency Backed by Gold Metal

Consumer loan provider IEG Holdings (OTCQB: IEGH) is exploring the possibility of creating a cryptocurrency to be backed by gold metal and registered with the SEC as a security. A recent article discussing the company reads: “Consumer loan provider IEG Holdings Corp. (OTCQB: IEGH), through wholly owned subsidiary Investment Evolution Crypto, LLC. (“Crypto”), recently announced its intention to create its own gold metal-backed cryptocurrency that could potentially be utilized when offering loans and accepting loan repayments. While Crypto is in the development planning stages and exploring the opportunities presented by crypto/blockchain technologies, the company is already negotiating to purchase a bona fide gold project with established gold metal in the ground and prospecting licenses on record.”

To view the full article, visit: http://nnw.fm/kDc26

About IEG Holdings Corporation

IEG Holdings Corporation provides online $5,000 and $10,000 unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website, www.mramazingloans.com. In addition, IEG Holdings announced on December 22, 2017 that it has formed Investment Evolution Crypto, LLC, a wholly owned subsidiary of IEG Holdings (“Crypto”). Crypto will explore the legalities and economic risks and benefits of entering into a joint venture with Investment Evolution Corporation, a wholly owned subsidiary of IEG Holdings (“IEC”), to accept repayment of customer loans in the form of crypto/blockchain currencies such as Bitcoin, provide the crypto equivalent of $5,000 and $10,000 loans to customers, and also potentially create and issue an IEC cryptocurrency. Crypto has not begun operations and is in the development planning stages to explore these business opportunities in this time of changing technology. For more information about IEG Holdings, visit www.InvestmentEvolution.com.

IEG Holdings Corp. (IEGH) Exploring Creation of Gold Metal-backed Cryptocurrency

  • Negotiations underway to purchase a verified gold project with prospecting licenses
  • IEGH’s cryptocurrency to be backed by gold metal, registered with SEC as a security
  • Volatility of cryptocurrency could potentially be stabilized with precious metal backing

Consumer loan provider IEG Holdings Corp. (OTCQB: IEGH), through wholly owned subsidiary Investment Evolution Crypto, LLC. (“Crypto”), recently announced its intention to create its own gold metal-backed cryptocurrency that could potentially be utilized when offering loans and accepting loan repayments. While Crypto is in the development planning stages and exploring the opportunities presented by crypto/blockchain technologies, the company is already negotiating to purchase a bona fide gold project with established gold metal in the ground and prospecting licenses on record.

In a news release announcing the company’s venture (http://nnw.fm/y3TXj), Paul Mathieson, IEG Holdings chairman and CEO, said, “We believe potentially combining the exciting new blockchain technology with the hard asset of gold metal, expected SEC registration, a leading sophisticated online consumer finance system and individual US state lending licenses is a very exciting proposition… In addition, we believe the future leaders of the crypto/blockchain sector will be companies that are materially compliant with all the existing and future related US government legislation. We aim for IEGH to leverage off its existing fintech business credentials, specifically its extensive experience in online consumer loans, to potentially be a key player in the crypto/blockchain sector.”

This attention to detail and meeting regulatory necessities is the backbone of IEGH’s success as a publicly traded, global leader in consumer finance (http://nnw.fm/08dOt). The company provides small online personal loans of $5,000 to $10,000 in the United States via a state-licensed operating subsidiary, Investment Evolution Corporation, under the consumer brand ‘Mr. Amazing Loans’.

The company originates, processes, and services consumer loans from its centralized Las Vegas headquarters. Loans are offered in 20 states via its online platform and distribution network. IEGH is a licensed direct lender with state licenses and/or certificates of authority to lend in each state and offers all loans within the prevailing statutory rates. The difference for consumers seeking a personal loan under Mr. Amazing Loans’ terms is the ability to repay the loan with low, fixed repayment schedules that fit into their lifestyle and budget. Since inception, the company has provided over $16 million in consumer loans – a cumulative loan volume increase of 192 percent from January 2015 to the end of 2017 (http://nnw.fm/N1DtP).

The coming year includes some exciting business opportunities for IEG Holdings, its subsidiaries and investors. Exploration of the legalities, economic risks and benefits of accepting repayment of customer loans in the form of leading crypto/blockchain currencies such as bitcoin, and also possibly creating and issuing a precious metal-backed cryptocurrency, are seen as prime targets for 2018.

For more information, visit the company’s website at www.InvestmentEvolution.com

NetworkNewsBreaks – IEG Holdings Corp. (IEGH) Commences Tender Offer for Stake in LendingClub Corporation LC, Highlights “Flawed” Business Model

Jan 08, 2018 (NetworkNewsWire via COMTEX) — Consumer loan provider IEG Holdings Corp. (otcqb:IEGH) this morning announced the commencement of a tender offer for shares of LendingClub Corporation LC, -4.15% by which the company aims to exchange 13 shares of its common stock for each share of LendingClub, up to an aggregate of just over 20 million shares, or 4.99 percent of LendingClub’s outstanding shares. In the news release, IEGH identified what it believes to be a number of major risks and problems with the LendingClub business model and management, including weak underwriting standards, lack of company-owned state lending licenses, unsustainable funding sources, excessive cost structure and poor stock market performance. “We ask LendingClub shareholders to consider whether they wish to move forward with an improved online balance sheet lender model aimed at the future or continue to support what we believe to be a flawed ‘broker’ business model,” Paul Mathieson, chairman and chief executive officer of IEGH, stated in the news release. “Weak underwriting standards, tiny gross margins and large, continuing losses is a recipe for disaster.” IEG Holdings believes that changing LendingClub’s business model to a balance sheet lender model would enable the company to generate significantly higher gross margins, provide significantly higher long duration cash flow from customers, build increased goodwill with customers and enable increased customer refinancing.

To view the full press release, visit: http://nnw.fm/om30E

About IEG Holdings Corporation

IEG Holdings Corporation provides online $5,000 and $10,000 unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website, www.mramazingloans.com. In addition, IEG Holdings announced on December 22, 2017 that it has formed Investment Evolution Crypto, LLC, a wholly owned subsidiary of IEG Holdings (“Crypto”). Crypto will explore the legalities and economic risks and benefits of entering into a joint venture with Investment Evolution Corporation, a wholly owned subsidiary of IEG Holdings (“IEC”), to accept repayment of customer loans in the form of crypto/blockchain currencies such as Bitcoin, provide the crypto equivalent of $5,000 and $10,000 loans to customers, and also potentially create and issue an IEC cryptocurrency. Crypto has not begun operations and is in the development planning stages to explore these business opportunities in this time of changing technology. For more information about IEG Holdings, visit www.investmentevolution.com

More from NetworkNewsBreaks

SeeThruEquity Issues Update on IEG Holdings Corporation (OTCQB: IEGH)

NEW YORK, NY / ACCESSWIRE / December 29, 2017 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update on IEG Holdings Corporation (OTCQB: IEGH).

The report is available here: IEGH December 2017 Update Note.

IEG Holdings Corporation (OTCQB: IEGH) provides online unsecured consumer loans under the brand name “Mr. Amazing Loans” via its website, www.mramazingloans.com, in 20 US states. The company offers $5,000 and $10,000 personal loans over a five-year term at rates ranging from 19.9% to 29.9% APR. IEG Holdings plans future expansion to a total of 25 US states, which would cover 240mn people and represent approximately 75% of the US population.

Since 2013, IEGH has obtained additional state lending licenses, and they are licensed and originating direct consumer loans in 20 states including: Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon, Pennsylvania, Texas, Utah, Virginia, and Wisconsin. The Company was founded in 2010 and is headquartered in Las Vegas, Nevada.

Highlights from the note include:

IEGH to enter Crypto / Blockchain space with new entity

On December 22, 2017, IEGH Chairman and CEO Paul Mathieson announced that IEGH would enter the cryptocurrency space with the incorporation of a new entity, Investment Evolution Crypto, LLC. The new entity is a 100% wholly-owned subsidiary that will explore the practicality and legality of working with Mr. Amazing Loans to accept payment for customer loans by way of leading Crypto / Blockchain currencies such as Bitcoin, provide the cryptocurrency equivalent of $5,000 and $10,000 loans, and potentially issue its own cryptocurrency. The decision to enter the cryptocurrency space is a rational one for IEGH, which already has an existing business issuing $5,000 and $10,000 consumer loans through online channels, and the company may be able to leverage the growing interest in cryptocurrency to grow its business and raise new capital that could be deployed to grow its loan book.

IEGH releases 3Q17 results

IEGH released 3Q17 results on November 8, 2017, with the filing of its 10-Q with the SEC. During 3Q17 IEGH increased its advertising spend and maintained its quarterly dividend of $0.005 per common share. Revenues, primarily consisting of interest revenue, were $407,370, down from $413,941 in 2Q17 and 557,551 in 3Q16. As of September 30, 2017, IEGH had 1,546 loans outstanding with an unpaid principal balance of $5.92mn. Operating expenses during the quarter declined to $1.48mn from $1.54mn in the year-ago period. The company increased advertising expenses during the quarter, which is expected to help increase loan originations in future periods. IEGH also resumed payments to CEO Paul Mathieson, at an annual salary of $1.2mn, and reduced rent and other operating expenses. We estimate the company is now operating at an annualized expense rate of slightly under $6mn and have assumed the company will manage the business for growth rather than targeting breakeven in the short run. Net loss in 3Q17 was ($1.7mn), including a legal settlement of $0.6mn. For the quarter, EPS came in at a loss of ($0.13) versus ($0.10) in the year-ago period.

Price target moves to $2.00

We are updating our price target for IEGH to $2.00 per share following recent results and a new share count assumption following recent financing activities. IEGH is a high risk, high potential reward company in the consumer finance sector.

Please review important disclosures at www.seethruequity.com.

About IEGH Holdings Corporation

IEG Holdings Corporation provides online $5,000 and $10,000 unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website, www.mramazingloans.com. For more information about IEG Holdings, visit www.investmentevolution.com.

About SeeThruEquity

Since its founding in 2011, SeeThruEquity has been committed to its core mission: providing impactful, high quality research on underfollowed smallcap and microcap equities. SeeThruEquity has pioneered an innovative business model for equity research that is not paid for and is unbiased. SeeThruEquity is the host of acclaimed investor conferences that are the ultimate event for publicly traded companies with market capitalizations less than $1 billion.

SeeThruEquity is approved to contribute its research reports and estimates to Thomson One Analytics (First Call), the leading estimates platform on Wall Street, as well as Capital IQ and FactSet. SeeThruEquity maintains one of the industry’s most extensive databases of opt-in institutional and high net worth investors. The firm is headquartered in Midtown Manhattan in New York City.

IEG Holdings Incorporates Investment Evolution Crypto, LLC Subsidiary Company

LAS VEGAS, NV–(Marketwired – December 22, 2017) – IEG Holdings Corporation (OTCQB: IEGH) announced today that it has incorporated a 100% owned subsidiary company named Investment Evolution Crypto, LLC. The subsidiary company will explore the legalities and economic risks and benefits of entering into a joint venture with IEGH’s other 100% owned subsidiary company Investment Evolution Corporation dba Mr. Amazing Loans to accept repayment of customer loans in the form of leading Crypto/Blockchain currencies such as Bitcoin, provide the crypto equivalent of USD $5,000 and $10,000 loans to customers, and also potentially create and issue an Investment Evolution cryptocurrency. Investment Evolution Crypto has not begun operations and is in the development planning stages to explore these business opportunities in this time of changing technology.

Paul Mathieson, IEG Holdings’ Chairman and Chief Executive Officer, said, “I am pleased to announce the launch of a potential new vertically integrated business channel in the exciting new Crypto/Blockchain sector.”

Investment Evolution Corporation provides unsecured online consumer loans under the brand name “Mr. Amazing Loans” via our website and online application portal at www.mramazingloans.com. We started our business and opened our first office in Las Vegas, Nevada in 2010. We currently offer $5,000 and $10,000 unsecured consumer loans that mature in five years. The Company is a direct lender with state licenses and/or certificates of authority in 20 states – Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon, Pennsylvania, Texas, Utah, Virginia and Wisconsin. We provide loans to residents of these states through our online application portal, with all loans originated, processed and serviced out of our centralized Las Vegas head office, which eliminates the need for physical offices in all of these states.

Make sure you are first to receive timely information on IEG Holdings when it hits the newswire by signing up for IEG Holdings’ email news alert system at http://www.investmentevolution.com/alerts.

About IEG Holdings Corporation

IEG Holdings Corporation provides online $5,000 and $10,000 unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website, www.mramazingloans.com. For more information about IEG Holdings, visit www.investmentevolution.com.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in IEG Holdings’ filings with the SEC. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond IEG Holdings’ control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects IEG Holdings’ current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. IEG Holdings assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

© 2018 Growth Stock Reports

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