TAMPA, FL / ACCESSWIRE / June 13, 2017 / FlexPower, Inc. (OTC PINK: FLXP) announced today a letter to shareholders from President and Chief Executive Officer, John W. Parker III, highlighting the Company’s change in direction towards providing discreet secured collateralized lending through its wholly owned subsidiaries, IntelliCash, LLC, and IntelliCash GA, LLC.
Dear FlexPower Shareholders,
I’m writing to share some exciting news. News that we feel will captivate our investors and has filled our offices with heightened optimism.
FlexPower accomplished substantial changes during the 4th quarter of 2016. These events included a reverse merger with IntelliCash, LLC, spinning off the FlexPower (pain relief cream) subsidiary and removing the previous Board of Directors and management team. Each of these actions was done with a goal of restoring profitability and creating renewed value for our shareholders.
With the reverse merger completed, we rolled up our sleeves and got to work. We relocated the Company’s headquarters to Tampa, FL, restored our corporate status and brought all requisite reporting requirements up-to-date. Through these efforts the Company has returned to current Pink Status with OTC Markets, setting in motion new opportunities to raise capital and expand Company exposure.
In today’s market, traditional banks still are not as responsive as customers would like and people are looking for alternative funding sources. Through IntelliCash℠ we will provide “Luxury Asset Lending,” which we believe is an underserved market with enormous growth potential. We’re excited to work with our clients in this new and evolving space in which our services will allow them to tap into the equity tied up in personal assets such as jewelry, luxury watches, exotic automobiles, fine art, and antiques. Developed for small business owners, entrepreneurs, and high-net worth individuals, our services will be transparent, discreet, professional, innovative, expedient and available to clients nationwide.
Valdosta, GA, has been selected as the location of our first physical lending center. We’ve executed a lease, secured performance bonds and obtained all the required approvals and licensing by the City of Valdosta, GA to conduct operations. This and all future facilities will be outfitted with state-of-the-art security, surveillance, and storage systems. We have strategic partnerships with UPS Parcel Pro (High-Value Goods division of UPS) and Lloyd’s of London to protect and secure client assets both in our possession and in transit.
Our web developers are already hard at work developing the new IntelliCash℠ website and back-end systems to provide a top-tier, state-of-the-art client experience. We plan to launch this new platform in the 3rd quarter of 2017.
As your new CEO, I want you to know that I place a great deal of importance on open and active communication with our investors and business stakeholders. To this end, we have recently launched a brand-new investor relations website at www.flexpowerinc.com.
On behalf of our team, we sincerely appreciate your continued support and investment. We invite you to sign up for investor alert emails. This is one of the best ways to stay up-to-date and in constant contact with our team as we publish any upcoming developments and news (https://flexpowerinc.com/email-alerts/).
John W. Parker III
President & CEO
About FlexPower, Inc
FlexPower, Inc. (OTC PINK: FLXP) is a financial services company providing discreet secured collateralized lending through its wholly owned subsidiaries, IntelliCash, LLC, and IntelliCash GA, LLC. The IntelliCash℠ platform will provide asset lending services to small business owners, entrepreneurs and high-net-worth individuals allowing liquidity against personal assets such as jewelry, luxury watches, luxury cars, fine art, and antiques.
Notice Regarding Forward-Looking Statements:
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “anticipate,” “estimate,” “expect,” “intend,” and “project,” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company’s public filings. The occurrence of any of these risks and uncertainties could have a material adverse effect on the company’s business, financial condition, and results of operations. Forward-looking statements include, but are not limited to, statements about the plans, objectives, expectations, and intentions of FlexPower and its subsidiaries. These statements are based on the current expectations and beliefs of FLXP and FlexPower’s Management and may be subject to uncertainty and changes in circumstances. FLXP and FlexPower Management caution readers that any forward-looking information is not a guarantee of future performance and that actual results may vary materially from those expressed or implied by the statements herein, or by changes in economic, business, competitive, technological, strategic and/or regulatory factors. FLXP and FlexPower are under no obligation to and expressly disclaim any obligation to update or alter these forward-looking statements, whether as a result of new information, future events, or otherwise.