LAS VEGAS, NV -- (Marketwired) -- 09/01/17 -- IEG Holdings Corporation (OTCQB: IEGH) announced today that it provided an additional $785,000 in new consumer loans over the July/August 2017 period. Since January 2015, cumulative loan volume has increased by 173.5% from $5,549,023 to $15,179,023 as of August 31, 2017.
Paul Mathieson, IEG Holdings' Chairman and Chief Executive Officer, said, "I am pleased to announce the re-acceleration of our loan volume growth utilizing part of the cash received from our sale of the One Main Holdings, Inc. shares acquired in the tender offer that closed in mid-June. We expect to deploy more of our cash to further increase new loan volume and resulting revenues over the remainder of the year."
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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.
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.
IEG Holdings Corporation
Chairman/CEO and Founder
Source: IEG Holdings Corp.