URON, Inc., previously a shell organization, became the moms and dad business of Wyoming Financial Lenders Inc. ( “ WFL ” ) after a merger effective December 31, 2007. The organization happens to be the operator of 52 Wyoming Financial Lenders shops offering advance loan loans and also other customer financial loans in ten states including Nebraska, Iowa, North Dakota, Southern Dakota, Wyoming, Montana, and Kansas. The organization intends to expand its current item offerings and shop impact through extra strategic acquisitions in key areas.

Chris Larson, Chief Executing Officer of URON, Inc. claimed, “ With the purchase of Wyoming Financial Lenders, URON is on its means towards having a strong existence in the bucks advance loan industry. We come across a growth that is significant within the short-term consumer loan industry and can concentrate the Company ’ s system expansion on states with a high populace development prices of underserved customers, strong economies, and good demographic styles. WFL has already been a frontrunner into the loan that is payday and offers URON aided by the foundation to boost our economic solutions providing. The money advance loan company was quickly expanding because of alterations in the banking industry therefore the convenience it provides clients to protect cash-flow shortfalls, and we also genuinely believe that ultimately combining pay day loan, name loan, along with other solutions in one best online payday loans in North Carolina single shop concept will let us capitalize on the around $40 billion in short-term credit increasingly being supplied. ”

“ Our strategy in completing the WFL purchase is three-fold, ” Mr. Larson proceeded. “ First, it permitted our stockholders to obtain a system of extremely lucrative shops minus the startup expenses and negative cashflow connected with starting brand brand new shops. 2nd, it provides us a platform to continue to introduce services, such as for instance name loans, to a client base of several thousand past and present clients of WFL. Third, the purchase supplies a platform with an experienced administration group to continue to enhance our shop count, develop product product sales and profits, and return value to the investors with time. ”

Acquisition of Wyoming Financial Lenders

As formerly established, URON, Inc. finished the acquisition of WFL on December 31, 2007 for a purchase cost of $25 million, including $21 million in favored stock and $4 million in keeping stock. WFL is really a fast-growing consumer monetary solutions business specialized in supplying unique economic solutions to the big and growing consumer marketplace that is under-banked. Wyoming Financial Lenders provides payday lending, check-cashing, and relevant solutions right to customers through 52 places in ten states.

1-for-10 Reverse Stock Separate

Ahead of the merger, URON, Inc. impacted a reverse that is 1-for-10 at the time of December 27, 2007. As a consequence of the opposite stock split, the Company ’ s authorized and outstanding money stock ended up being combined for a 1-for-10 basis in addition to organization’s stock sign from the Over-the-Counter Bulletin Board ended up being changed, effective December 31, 2007, to URRN.OB. Additionally during the time that is effective of merger, the Company ’ s board of directors ended up being reconstituted by the visit of Christopher Larson, Robert W. Moberly, James Mandel, John H. Klassen IV and Mark Houlton as directors, additionally the resignation of Donald Miller from their part as being a director for the business.

About URON, Inc.

Headquartered in Omaha, Nebraska, URON, Inc. runs 52 Wyoming Financial Lenders shops in ten states, including Nebraska, Iowa, North Dakota, Southern Dakota, Wyoming, Montana, Kansas, Colorado, Wisconsin and Utah. The organization provides clients with short-term payday loans, typically which range from $100 to $500, as well as ancillary consumer economic services and products which are complementary into the payday-lending company, such as for example check-cashing services, cash transfers and cash instructions. URON can be an over-the-counter bulletin board-listed company.

Forward-Looking Statements

This news release may include specific statements which are “ forward-looking statements, ” including, on top of other things, conversations and disclosures of this company techniques, and future operations associated with the business for a basis that is consolidated. Terms such as for instance, although not limited by, “ may, ” “ likely, ” “ anticipate, ” “ anticipate ” and “ believes ” generally suggest and identify forward-looking statements. Although Uron thinks that the objectives reflected in every forward-looking statements are generally speaking reasonable, there’s no assurance that such objectives will fundamentally end up being proper or materialize. All stages of Uron ’ s operations are at the mercy of a range uncertainties, dangers as well as other impacts, a lot of that are outside its control, and any one or mix of which may materially and adversely impact the link between the organization ’ s operations on a consolidated basis (such as the operations of Wyoming Financial Lenders, Inc.), and whether any forward-looking statements included herein ultimately show to be accurate.