LONG BEACH, Calif., Dec. 3, 2008 (GLOBE NEWSWIRE) -- City Loan, Inc. (OTCBB:CYLN) ("City Loan") announced today that Amalfi Research Group has issued a comprehensive corporate profile on the company.
The profile is available at http://www.microstockprofit.com/
According to the report released by ARG: "With the credit market becoming increasingly constricted, U.S. consumers are finding it harder than ever before to access capital in times of emergency. In response to this trend, CYLN has built a business focused on the provision of auto title loans that grant short-term credit based on the value of the debtor's automobile regardless of the consumer's credit rating."
William Atkinson, CEO of City Loan Inc. stated with regards to the report, "Our company model is unique. We are in a 'defensive' industry, therefore a business like ours flourishes in troubled economies and employs a business model designed to benefit significantly from negative consumer trends. Thus far, our business model, industry and prospective growth had not been so accurately explained from a financial prospective while maintaining such easy readability. Amalfi Research Group also identified business models similar to City Loan Inc. such as EZCORP, Inc. and Cash America International, which have proven the industry to be viable and lucrative."
About the company:
City Loan Inc.'s business consists of providing auto title loans and auto pawn loans to consumers who own their cars free of any debt and wish to borrow against the equity in their cars. City Loan serves customers who may have been rejected by traditional lenders, despite carrying substantial asset value in their vehicles, and provides an alternative solution for their cash needs. City Loan has successfully maintained low levels of credit losses, thanks to its GPS-based technology solution for tracking vehicles. Since City Loan typically extends loans worth no more than 50% of the auction value of the underlying vehicle, there is significant cushion to prevent against losses in the unlikely event of default.
Further information on City Loan Inc. is available at http://www.cityloanfastcash.com and http://www.microstockprofit.com
Forward-Looking Statements
The information in this news release includes certain forward-looking statements that are based upon management's expectations and assumptions about certain risks and uncertainties that can affect future events. Although management believes these assumptions and expectations to be reasonable on the date of this news release, these risks and uncertainties may cause actual events to differ material from management's those contained in this news release. The risks and uncertainties include, but are not limited to, continuing as a going concern, availability and cost of our present vendors and suppliers, and absence of any change in government regulations or other costs associated with data transmission over the Internet or termination of transmissions in foreign countries.