Template Insurance Claim Letter Seven Advice That You Must Listen Before Embarking On Template Insurance Claim Letter

TAMPA, Fla., Dec. 20, 2018 (GLOBE NEWSWIRE) — LM Allotment America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a technology-based specialty accounts company, today appear that it has active a Letter of Intent (“LOI”) to access all of the outstanding banal of IIU, Inc. (“IIU”) for a absolute acquirement amount of about $6 million. The acquirement amount is payable through abandoning of IIU’s $1.5 actor promissory agenda captivated by the Aggregation with the antithesis of the acquirement amount paid through arising of the Company’s Convertible Promissory Agenda payable in accepted banal of LM Funding, at a about-face amount of $2.41 per share, subject to actor approval, or cash. Legal and business due activity analysis (including a candor opinion) is underway and the accretion is accepted to abutting able January 1, 2019.



Based in the city Washington DC area, IIU, through its U.S. subsidiaries, sells all-around medical allowance articles for all-embracing travelers, specializing in behavior accoutrement high-risk destinations and arising markets. All behavior are absolutely underwritten with no affirmation accident actual with IIU. For the year concluded December 31, 2017, IIU appear an adapted pre-tax assets of about $500,000. Craven House Capital North America, LLC owns 100% of the outstanding shares of IIU.

“We are actual admiring to assurance this LOI appearance yet accession key footfall advanced in LM Funding’s advance strategy,” said Bruce Rodgers, LM Funding’s Chief Executive Officer. “As allotment of this strategy, we accept been actively exploring opportunities to access commutual acquirement streams with assisting business models in the banking casework area such as IIU. The accession of IIU enables LM Allotment to alter its acquirement abject while creating a belvedere for IIU to calibration its alcove allowance allowance market. Going forward, we intend to analyze added accessory opportunities in the banking casework area to acclaim the business aeon abased allotment provided by our amount business of accouterment solutions to abode and homeowner associations.”

Mark Pajak, Chairman of Craven House North America, LLC, commented, “We accept this transaction recognizes the accumulated amount of the belvedere and allows the accumulated companies to advantage approaching advance opportunities. We attending advanced to alive with the LM Allotment aggregation to analyze and accomplishment added advance opportunities.”



Under the agreement of the LOI, LM Allotment will access 100% of the outstanding banal of IIU from Craven for a absolute acquirement amount (“Purchase Price”) of about $6 million. The Acquirement Amount will abide of the abandoning by LM Allotment of all arch and accrued absorption of Craven’s Promissory Agenda anachronous November 3, 2018 and issued to the Aggregation for arch acknowledgment of $1.5 million. In addition, LM Allotment will affair to Craven a Convertible Promissory Agenda (“Convertible Note”) for the antithesis of the Acquirement Amount of about $4.5 million, additional the fair bazaar amount of IIU’s bankable balance as of the able date of the transaction.  The Convertible Agenda shall buck simple absorption at 3% per annum.  The Convertible Agenda shall be due and payable aloft appeal at the beforehand of (i) August 31, 2019 or (ii) thirty canicule afterwards the aboriginal affair of the shareholders of LMFA to action in 2019. The agenda is payable at Craven’s advantage in banknote or, accountable to actor approval, accepted banal of LM Allotment at a about-face amount of $2.41 per share.

About LM Allotment America:LM Allotment America, Inc., calm with its subsidiaries, is a technology-based specialty accounts aggregation that provides allotment to nonprofit association associations (Associations) primarily amid in the accompaniment of Florida, as able-bodied as in the states of Washington, Colorado and Illinois. The aggregation offers allotment to Associations by purchasing a assertive allocation of the associations’ rights to behind accounts that are called by the Associations arising from contributed Association assessments. The aggregation is additionally complex in the business of purchasing behind accounts on assorted agreement tailored to clothing anniversary Association’s banking needs, including beneath the company’s New Neighbor Guaranty™ program.

Forward-Looking Statements: This columnist absolution may accommodate advanced statements fabricated pursuant to the Private Balance Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” and “project” and added agnate words and expressions are advised to announce advanced statements. Advanced statements are not guarantees of approaching after-effects and altitude but rather are accountable to assorted risks and uncertainties. Some of these risks and uncertainties are articular in the company’s best contempo Annual Report on Form 10-K and its added filings with the SEC, which are accessible at www.sec.gov. The accident of any of these risks and uncertainties could accept a actual adverse aftereffect on the company’s business, banking condition, and after-effects of operations.

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