LAS VEGAS, July 12, 2012 (GLOBE NEWSWIRE) -- Ideal Financial Solutions, Inc. (OTCBB:IFSL), the creator and provider of various financial products and services for businesses and individuals, has recently entered into preliminary discussions regarding a potential acquisition or merger with multiple entities. Given that the company has been approached by these outside entities, management has decided to temporarily suspend the audit and to focus its cash resources on increasing revenue in existing business lines and new business verticals to enhance the valuation of any possible transaction.
"We have made this difficult decision to suspend our audit after very careful consideration. The delays caused by changing auditing firms has been costly in both time and money and we felt it prudent and in the best long-term interests of our shareholders to focus our available resources on increasing revenue via our traditional and new business lines," stated Ideal Financial CEO Steven Sunyich.
"We have been approached by multiple, highly-reputable parties in regard to a possible merger or acquisition of the Company or its assets and our team is presently evaluating the potential benefit to our shareholders" stated Sunyich. "We will do our very best to keep the public apprised of any material developments and our ongoing efforts to increase revenue and profitability."
About Ideal Financial Solutions
Based in Las Vegas, Nevada, Ideal Financial Solutions (http://www.idealfsi.com) provides the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset-building debt and build financial independence. As a leader in financial services, Ideal uses its automated CashFlow Management© tools and its Credit to Wealth Systems to assist individuals, families and small businesses in building financial independence. Select the following links to view more information on Ideal's brands such as Ideal Financial HR, Ideal Cash Secrets and iLenderAssistance.com. Please connect with us on Linkedin or Twitter. For investors who would like to receive Ideal's newsletter, please send your email address to: support@idealfsi.com
An Ideal Financial Solutions Investor Presentation is available online at http://www.idealfsi.com/uploads/InvestorPacket.pptx
For the latest news and press, please visit http://www.idealfsi.com.
IFSL's new XBRL/SEC portal provides access to filings and more at http://www.idealfsi.com/investors/ifsl-investor-relations/financial-reporting
A copy of the investor presentation also is attached hereto. The information contained in this press release, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under Section 18.
Forward Looking Statements. This release may contain forward-looking statements as well as historical information. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks include, without limitation, the risk that the company's revenues will not grow as projected; that increases in marketing or other expenses may increase more rapidly than revenues; that any recent positive trends in the company's financial position may be reversed because of declines in revenues, increases in costs and/or unexpected liability event. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein.