WECOSIGN, the fastest growing company in Orange County, and First Data help
ease the credit scoring requirements for new apartment home applicants.
SANTA ANA, Calif., Sept. 2 /PRNewswire/ -- WECOSIGN Inc.
(http://www.wecosign.com) has formed a groundbreaking alliance with First
Data Corporation, a global leader in information management for more than
15 years. First Data will process all of WECOSIGN's credit information for
new applicants seeking apartments. This partnership is the first of its
kind. "We are very excited to have this relationship," says Carlos Padilla,
CEO of WECOSIGN. "First Data has already shown an incredible degree of
cooperation in assisting our new applicants." WECOSIGN has quickly
established itself as the nation's leading company for people with poor
credit scores who need help gaining approval for apartment rental
agreements.
Applications for WECOSIGN's service have increased by more than 100%
since the opening of their corporate office in July. "We've also seen a
steady increase of building owners and landlords who have shown a
tremendous interest in our program since the housing melt-down," says
Padilla. Additionally, WECOSIGN is presently establishing a satellite
office program in association with successful real estate offices across
the country.
"Based on the continuing success of our current Private Placement
Memorandum Offering and other investments coming from institutional
investors," notes Padilla, "our business model is one of the best I've seen
for these uncertain financial times." The WECOSIGN business model is the
only current option for people with low credit scores who need help getting
approval to live in apartment housing. But Padilla is quick to remind
prospective applicants and owners, "WECOSIGN offers only a 'helping hand
up' and not a 'hand out.'" Our purpose for existence is to offer immediate
assistance to qualified hardworking applicants, who have been declined
apartment residency due to the many deficiencies of today's credit scoring
system.
This press release contains forward-looking information within the
meaning of section 27A of the securities Act of 1933 and section 21E of the
Securities Exchange Act of 1934 and is subject to the Safe Harbor created
by those sections. This material contains statements about expected future
events and/or financial results that are forward-looking in nature and
subject to risks and uncertainties. For those statements, we claim the
protection of the safe harbor for forward-looking statements provisions
contained in the Private Securities Litigation Reform Act of 1995 and any
amendments thereto. Such forward-looking statements by definition involve
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the company to be materially different from
the future results, performance or achievements expressed or implied by
such forward-looking statements. Under no circumstances does this Press
Release constitute an offer to sell or a solicitation of an offer to buy
the securities of the company described in this Press Release in which such
offer, solicitation or sale of securities would be unlawful prior to
registration, qualification or filing under the securities laws of any
jurisdiction.
[Via Real Estate California]
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