LARGO, FL / ACCESSWIRE / January 4, 2018 / FlexPower, Inc. (OTC PINK: FLXP) announced today a letter to shareholders from President and Chief Executive Officer, John W. Parker III.
Dear Fellow Shareholders:
2017 was an exciting year for FlexPower. We started the year with a plan to build IntelliCash℠ into one of the best ways for anyone to intelligently and discreetly borrow capital against high value items. We’ve been hard at work creating an entirely new online lending platform from the ground up, all while ensuring that both our physical and digital infrastructure is in place to increase the value of collateralized loans processed by us in 2018.
Our philosophy has remained the same throughout our journey, to enable people to raise cash quickly, securely, and discreetly, all while receiving the highest value for the items and the best customer service in the business.
Over the past few months, many of the pieces we’ve been working on are coming to fruition, specifically the digital platform and the physical spaces to both appraise and safely store high value items.
The official launch of our website is right around the corner, and you can check it out at https://intellicash.com/. Anyone will be able to go online, quickly fill out a form describing the items they’d like to collateralize, and one of our team members will be in touch almost immediately to discuss their specific needs. In 2018, we plan on ramping up our marketing efforts to drive customers to the site, and to that end have partnered with an experienced team in online funnel optimization. They will be using brand ambassadors, traditional online sales strategies, and handling our media and public relations. The website is built to scale, and we expect an influx of customers once we begin to reach out to potential customers.
Alongside finalizing our website, we’ve been building out our facilities, installing vaults, securing licenses, and we now have two locations up and running, one in Georgia and the other in Florida. These locations provide us with the physical spaces needed for our business and afford us a high level of security for items in storage.
As part of our model, we’ve been establishing a network of some of the best appraisers in the country. One of our core value propositions is that we provide the fairest appraisals in the business by using a network of independent appraisers that get paid per appraisal. Unlike the pawn industry, where traditionally brokers are incentivized to offer lower loans to value, we’ve redesigned the model to benefit our customers.
While during 2017 we have shown significant progress, we believe that 2018 is going to be another exciting year for the Company as we continue to grow the business and engage with customers. We couldn’t have made it this far without your support, and we look forward to updating you on our progress in the future.
John W. Parker III
President and 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. IntelliCash℠ provides 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.
John W. Parker III
President & CEO
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.